The Asian Development Bank (ADB) on Thursday approved a $250 million policy-based loan to support social protection reforms in Bangladesh designed to protect vulnerable population against socioeconomic challenges.The loan will finance Subprogram 2 of the Strengthening Social Resilience Program and build on the first subprogram which implemented institutional and policy
Tag: ADB
PM urges ADB to finance Bangladesh’s Delta Plan 2100
Prime Minister Sheikh Hasina on Monday sought support from the Asian Development Bank (ADB) to implement Delta Plan 2100. “This Delta Plan is very important for Bangladesh,” she told ADB vice president (operations-1) Shixin Chen when he called on her at her official residence Ganobhaban. In 2018, the government launched the Delta
ADB to provide assistance to develop farm sector
Asian Development Bank (ADB) will enhance cooperation in order to strengthen efficiency in irrigation and agricultural researches, aiming to develop the farm sector of the country. ADB Country Director in Bangladesh Edimon Ginting came with this assurance while attending a meeting with Agriculture Minister at the secretariat on Wednesday. "The ADB will
ADB to loan $400m to Bangladesh under CPS
Bangladesh and the Asian Development Bank (ADB) on Monday signed an agreement for $400 million in loan for constructing the Dhaka-Sylhet highway to improve mobility, road safety, and regional trade in the proposed north-east economic corridor in the country. The assistance is the first tranche of a $1.78 billion multi tranche
ADB pegs Bangladesh’s GDP at 6.8pc this fiscal
The Asian Development Bank (ADB) has revised Bangladesh's growth forecast for the current fiscal amid fears of a third wave of the Covid pandemic. In its latest report, the regional lender has pegged Bangladesh's gross domestic product (GDP) growth at 6.8 percent in the current fiscal. GDP is a monetary measure of
ADB okays $1.78b for Dhaka-Sylhet trade corridor
The Asian Development Bank (ADB) on Friday approved a $1.78 billion multi-tranche financing facility (MFF) to improve mobility, road safety, and regional trade along the Dhaka-Sylhet trade corridor in Bangladesh. The SASEC Dhaka-Sylhet Corridor Road Investment Project will be delivered in four tranches, according to the global lender. The $400 million first
EBL signs confirming bank deal with ADB
Eastern Bank Limited (EBL) has signed a ‘Confirming Bank’ deal with the Asian Development Bank (ADB) under their trade finance program. Can Sutken, Senior Investment Specialist of ADB’s private sector operations department and Mehdi Zaman, Deputy Managing Director and Head of Treasury, Offshore Banking and Financial Institutions signed the agreement on
Govt, ADB sign agreements for $940m loan for vaccine purchase
The Asian Development Bank (ADB) and the Government of Bangladesh Thursday signed agreements for $940 million in loans to purchase safe and effective vaccines against the coronavirus disease (COVID-19). Fatima Yasmin, Secretary, Economic Relations Division (ERD), and Manmohan Parkash, Country Director, ADB, signed the loan agreements on behalf of Bangladesh and
Govt signs $250m deal with ADB
The Asian Development Bank (ADB) Tuesday signed a $250 million loan agreement with the government of Bangladesh to finance reforms for improving the inclusiveness and responsiveness of the social development and resilience program here. Fatima Yasmin, secretary, Economic Relations Division (ERD), and Manmohan Parkash, country director, ADB, virtually signed the loan
Govt seeks $50m ADB fund to redeem economy
To ease its financial difficulties, the government is craving for supports from various international donor agencies, including the Asian Development Bank, amid worsening economic fallouts caused by the Coronavirus pandemic. Finance Minister AHM Mustafa Kamal has sought $50 million or Tk 4,250 crore, from the Asian Development Bank (ADB), recently. The money