A delegation from the Asian Development Bank (ADB) met with Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), on March 7. The discussions, held at BGMEA Complex, primarily centered around the development of Bangladesh’s ready-made garment (RMG) industry alongside the economic implications of the country’s graduation from
Tag: ADB
Sheikh Hasina’s return as PM was urgent for Bangladesh’s future: ADB
Asian Development Bank country director Edimon Ginting today said Sheikh Hasina's return as Prime Minister was very much urgent for the good future of Bangladesh. "For the good future of Bangladesh, her (Sheikh Hasina) return was very much needed," PM's deputy press secretary K M Shakhawat Moon told reporters quoting the
S. Alam Group’s modern refineries creating 6,000+ employment
S. Alam Group, the country’s leading industrial conglomerate, is playing a key role in stabilizing the market by importing various daily necessity products including sugar, wheat, chickpea, onion, oil etc. Besides, the conglomerate is also investing in establishing state-of-the-art refineries to provide quality products to the consumers. S. Alam Group’s
Bangladesh gets $400 million from ADB as climate priorities support
The Asian Development Bank (ADB) and the government of Bangladesh on Monday signed a $400 million policy-based loan to support Bangladesh in implementing its National Adaptation Plan 2023–2050 and Nationally Determined Contributions 2021 Update to the Paris Agreement to achieve a climate-resilient inclusive development. Shahriar Kader Siddiky, Secretary, Economic Relations Division
ADB to provide $200 million to promote energy efficiency, transition in Bangladesh
The Asian Development Bank (ADB) and the government of Bangladesh on Tuesday signed a loan agreement for $200 million to help Bangladesh enhance energy efficiency through smart metering as well as support its transition to clean energy solutions. Md. Shahriar Kader Siddiky, secretary, Economic Relations Division, and Edimon Ginting, ADB country
Country’s economy to grow slightly faster: ADB
Bangladesh's gross domestic product (GDP) is expected to grow by 6.5 percent in fiscal year (FY) 2024, compared to the 6.0 percent growth in the FY 2023, according to the latest Asian Development Bank (ADB) report released Wednesday. The slightly faster growth forecast reflects an improvement in domestic demand and better
ADB okays $400m to construct Ctg-Cox’s Bazar Railways
The Asian Development Bank (ADB) and the government of Bangladesh today signed a loan agreement for $400 million to build a dual-gauge railway connecting Chattogram and Cox's Bazar to promote trade, investment and tourism in Bangladesh. Sharifa Khan, Secretary, Economic Relations Division (ERD) and JiangboNing, ADB Deputy Country Director for Bangladesh
Country to get $12.40m as grant for PEDP-4
Bangladesh will get $12.40 million as grant for the Fourth Primary Education Development Programme (PEDP-4). In this regard, a grant agreement was signed today between the government of Bangladesh and the ADB. Economic Relations Division (ERD) Secretary Sharifa Khan and ADB country director, Bangladesh resident mission, EdimonGinting signed the agreement on behalf
OECD, ADB delegation meets BGMEA
A delegation comprising senior officials of the Organisation for Economic Co-operation and Development (OECD) and the Asian Development Bank (ADB) paid a visit to BGMEA and held a meeting with BGMEA President Faruque Hassan at the latter’s office in Dhaka on May 21, a press release said on Monday. The team
ADB okays $230m loan for Bangladesh flood rehabilitation
The Asian Development Bank has approved $230 million in emergency assistance loans to help Bangladesh’s efforts to rehabilitate and reconstruct districts that saw severe flooding last summer. Record rainfall in northeastern Bangladesh in May and June caused massive flooding, especially in the haor regions, and affected approximately 7.2 million people, ADB