Tourism recovery in Asia and Pacific region has picked up speed and might rebound to the pre-pandemic level by 2024, according to a report released by the Asian Development Bank (ADB) on Tuesday. The Asian Economic Integration Report 2023 said international tourist arrivals in the Asia-Pacific region rose by 399
Tag: ADB
Private sector can spur growth thru’ innovation in Bangladesh: ADB
Asian Development Bank (ADB) Country Director for Bangladesh, Edimon Ginting, on Sunday said a growing middle-class consumer group and supportive government policy can create a ‘conducive environment’ for the private sector to flourish.He said the private sector can take the lead in boosting ‘innovation and productivity’ and leveraging the growing
Govt, ADB sign $628.29m loan agreements
The Asian Development Bank (ADB) and the government Monday signed loan agreements worth $628.29 million for the implementation of development, urban transport and climate resilience projects. Sharifa Khan, secretary, Economic Relations Division (ERD), and Jiangbo Ning, deputy country director and officer-in-charge of Bangladesh resident mission, ADB, signed the agreements on behalf
Govt, ADB sign $200m deal to strengthen microfinance
The Asian Development Bank (ADB) and the government of Bangladesh Tuesday signed an agreement for $200 million in loan to strengthen microfinance in Bangladesh, supporting microenterprises, particularly those owned by women and those located in regions with high climate risks. Sharifa Khan, Secretary, Economic Relations Division (ERD), and Edimon Ginting, Country
EBL wins ADB Award
Eastern Bank Limited (EBL) has won the Best TFP Green Deal (Issuing Bank) Award by ADB, a press release said Wednesday. The award certificate was handed over to EBL Managing Director and CEO Ali Reza Iftekhar by Neha Noronha, Relationship Manager ADB TSCFP (Trade Finance Program) at a simple ceremony
Bangladesh GDP to grow by 6.6pc in FY23: ADB
Bangladesh's gross domestic product (GDP) is expected to grow by 6.6 percent in fiscal year (FY) 2023, according to the latest Asian Development Bank (ADB) report, Asian Development Outlook (ADO) 2022 Update, released on Wednesday. The moderately lower growth forecast reflects slower domestic demand and weaker export prospects due to slower
Country to get $500m in budget support from ADB
The Asian Development Bank would provide $500 million to Bangladesh as budget support on soft conditions. ADB country director to Bangladesh Edimon Ginting said this to reporters after meeting planning minister MA Mannan at his office on Thursday. He also informed that other lenders would come forward as co-financiers. Earlier, the
ADB gives $41.4 mln in grant to help improve infrastructure, manage the basic needs of Rohingyas
Bangladesh and Asian Development Bank (ADB) on Wednesday signed an agreement for $41.4 million in grant to help improve infrastructure and manage the basic needs of displaced persons from Myanmar sheltered in Cox's Bazar in Bangladesh. The additional assistance forms the second phase of the ADB's ongoing Emergency Assistance Project worth
ADB okays $41.4 million grant to help Rohingyas
The Asian Development Bank (ADB) on Wednesday approved a $41.4 million grant to help improve infrastructure and manage the basic needs of displaced persons from Myanmar sheltered in Cox's Bazar district in Bangladesh. The grant forms the second phase of ADB's ongoing Emergency Assistance Project, a $100 million grant approved in
ADB to provide $250m social protection fund to Bangladesh
Bangladesh will receive $250 million policy-based loan from the Asian Development Bank (ADB) under an agreement signed with the Manila-based aid agency on Tuesday. The fund will be used to further improve the social protection system in Bangladesh for supporting the vulnerable population against socioeconomic challenges, said a press release of