ADB

World Bank, ADB promise more support but call for reforms

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.

AI cameras to be installed on Dhaka-Chittagong highway

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.

Solar irrigation promises to cut diesel use by 10 lakh tonnes a year

Introducing solar irrigation pump (SIP) systems will gradually enable Bangladesh to cut consumption of diesel fuel by 10 lakh tonnes annually

Asia to end 2023 on brighter note as China's economy recovers: ADB

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.

Bangladesh to get $300 million from ADB for skills development

The Asian Development Bank (ADB) has agreed to provide a $300 million loan to strengthen skills of workforce in Bangladesh.

ADB mobilises $261m for expressway connecting Dhaka with other major cities

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.

ADB raises growth forecast for Bangladesh’s economy to 6% for FY23

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.

$190m ADB loan for upgrading rural roads

This loan is for its ongoing “Rural Connectivity Improvement Project” in the country, the ADB said in a statement today.

ADB provides $400 million to build Ctg-Cox's Bazar railways

The assistance forms the third part of $1.5 billion ADB loans for the SASEC Chattogram-Cox’s Bazar Railway Project.

June 13, 2023
June 13, 2023

ADB approves $400 million loan to Bangladesh

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.

April 17, 2023
April 17, 2023

ADB to give $230 million for flood victims’ rehabilitation

Floods devastated north-eastern part of Bangladesh in May, June last year

April 4, 2023
April 4, 2023

ADB cuts Bangladesh’s GDP growth forecast to 5.3% for FY2023

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.

March 21, 2023
March 21, 2023

How forestry projects destroy forests

Though eucalyptus was eradicated from the public forest land, social forestry continues at a very high cost to natural ecosystems.

January 29, 2023
January 29, 2023

‘Reform banking sector to be a middle-income country by 2031’

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.

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.

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