The Asian Development Bank (ADB) has signed a $121.55 million financing package with Dynamic Sun Energy (DSE) Private Ltd to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna, a northwest district in Bangladesh
Both the World Bank and Asian Development Bank (ADB) have assured they will continue supporting Bangladesh’s growth but stressed the need for economic reforms that are crucial for the country to become a developed nation.
The Dhaka-Chittagong highway is set to be dotted with artificial intelligence (AI) based CCTV cameras covering a span of 250 kilometres. The cameras, financed by the Asian Development Bank (ADB) at BDT 152 crore 56 lakhs, are aimed at enhancing the capabilities of the highway police, according to sources associated with the project.
Introducing solar irrigation pump (SIP) systems will gradually enable Bangladesh to cut consumption of diesel fuel by 10 lakh tonnes annually
Developing Asia will likely end the year on a brighter note, the Asian Development Bank said on Wednesday, with growth in the region expected to be stronger than previously thought due mainly to a recovery in China's economy.
The Asian Development Bank (ADB) has agreed to provide a $300 million loan to strengthen skills of workforce in Bangladesh.
The Asian Development Bank (ADB) has mobilised $261 million of private sector capital for a four-lane, 13.5-kilometre expressway between Dhaka and other major cities in order to ease traffic congestion and provide better connectivity.
The latest forecast by the Manila-based multilateral lender is close to the estimate by the Bangladesh Bureau of Statistics (BBS) at 6.03 percent for the FY23.
This loan is for its ongoing “Rural Connectivity Improvement Project” in the country, the ADB said in a statement today.
About $1 billion in budget support is set to arrive in the next few days from three development partners to help the government meet its deficit financing for this fiscal year.
The funding will also help advance reforms in domestic resource mobilisation, improve efficiency and productivity of public spending, and small businesses, especially women-led businesses to access low-cost innovative bank financing.
Floods devastated north-eastern part of Bangladesh in May, June last year
The Asian Development Bank (ADB) today said Bangladesh's gross domestic product (GDP) is expected to grow by 5.3 per cent in the ongoing fiscal year, down from the 6.6 per cent it projected earlier.
Though eucalyptus was eradicated from the public forest land, social forestry continues at a very high cost to natural ecosystems.
The banking sector should go through holistic reforms to strengthen the country’s financial base in order to become an upper middle-income nation by 2031, Asian Development Bank’s Country Director Edimon Ginting said.
The Asian Development Bank is ready to give over $20 billion to finance Bangladesh’s road and railway projects but raised concerns over the timely implementation of schemes.
Bangladesh expects to receive $12 billion to $15 billion in credit support from the Asian Development Bank (ADB) by 2025 under the lender's country partnership strategy, said Finance Minister AHM Mustafa Kamal today.
The Asian Development Bank (ADB) has downsized its projection for Bangladesh's gross domestic product (GDP) growth to 6.6 per cent in the current fiscal year.
In response to criticism after the World Bank backed out of funding the Padma Bridge, Prime Minister Sheikh Hasina today said, “I’m the daughter of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. I’ll fulfil what I commit to InshAllah.”