ADB

October 9, 2022
October 9, 2022

Infrastructure development: ADB ready to give $20b but has concerns

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.

September 27, 2022
September 27, 2022

Bangladesh may get $12-15b credit support from ADB by 2025: Kamal

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.

September 21, 2022
September 21, 2022

ADB forecasts Bangladesh's GDP projection to 6.6% from 7.1%

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.

June 22, 2022
June 22, 2022

“I’m Bangabandhu’s daughter; I’ll fulfil what I commit to InshAllah”

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.”

September 14, 2019
September 14, 2019

Bangladesh’s Dev Projects: ADB to lend $5b in 3 yrs

The Asian Development Bank will provide around $ 5 billion to Bangladesh with an aim of promoting rapid, inclusive and sustainable growth in the country.

May 3, 2019
May 3, 2019

ADB sounds caution over taking BRI loans

In a word to the wise, ADB President Takehiko Nakao yesterday advised countries to scrupulously evaluate the merits of a project before approaching China for funding under its flagship Belt and Road Initiative.

April 4, 2019
April 4, 2019

Banking sector's health weakens

The financial health of the banking sector is weakening due to rising non-performing loans, a lack of corporate governance and increasing capital shortfall, according to an Asian Development Bank report released yesterday.

July 6, 2018
July 6, 2018

ADB approves $100m grants for Rohingyas in Bangladesh camps

The Asian Development Bank (ADB) Board of Directors approves grant assistance of $100 million -- the first of an envisaged package totaling $200 million to help Bangladesh develop basic infrastructure and services for displaced persons (Rohingyas).

March 1, 2018
March 1, 2018

Bangladesh must grow 10pc annually for 20 years: ADB chief

Bangladesh needs to clock in at least 10 percent economic growth for the next two decades if it wants to become a developed country

November 8, 2017
November 8, 2017

TIB against taking ADB fund as loan

The Transparency International Bangladesh (TIB) has urged the government not to take financial assistance from ADB for the Rohingya