The Asian Development Bank (ADB) and the government of Bangladesh Monday signed a $300 million loan agreement to strengthen the skills base and training programs for Bangladesh's workforce. Sharifa Khan, Secretary, Economic Relations Division, and Jiangbo Ning, ADB Deputy Country Director for Bangladesh signed the agreement on behalf of their respective
Tag: Asian Development Bank
ADB lowers GDP growth forecast to 5.3pc in FY 23
Asian Development Bank (ADB) has lowered Bangladesh's gross domestic product (GDP) growth projection to the 5.3% for fiscal year (FY) 2023 from its earlier forecast of 6.6%. In September 2022, it trimmed its growth forecast for Bangladesh's GDP to 6.6% for the current fiscal year from a 7.1% projection made in
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
Continue soft financing until economy turns normal: PM
Prime Minister Sheikh Hasina on Tuesday urged the development partners to continue their financing on soft conditions until the global economy returns to normal situation. "During this critical juncture ( the global crisis), we're noticing with dismay that many development partners are enhancing their interest rates, which makes the development financing
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
ADB to invest $2b in Bangladesh education sector
Asian Development Bank (ADB) President Masatsugu Asakawa has told Education Minister Dr. Dipu Moni that ADB will invest 2 billion dollars in the next 3 years in Bangladesh's education sector. Dr. Dipu Moni held a meeting with Masatsugu Asakawa on November 25, 2022 at the ADB office. During the meeting,
UN, ADB to support Bangladesh in climate actions
The United Nations and the Asian Development Bank (ADB) have assured Bangladesh of providing all necessary assistance to cope with climate change impacts and implement National Adaptation Plan (NAP). The assurance came when United Nations Resident Coordinator in Bangladesh Gwyn Lewis and Asian Development Bank (ADB) Country Representative Edimon Ginting
Country seeks $2.0b in budget aid from WB, ADB
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
ADB to accelerate project implementation for post-pandemic recovery
Bangladesh and Asian Development Bank (ADB) Wednesday agreed on short- and medium-term roadmaps for 2021-2022 to speed up the implementation of ADB-assisted projects in the post-pandemic phase. The decision emerged from a tripartite portfolio review meeting where the progress of actions agreed in late 2020 and the readiness status of 2021