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.
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.
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.
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).
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
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
Virat Kohli eyes maiden IPL crown for Bangalore
The imperious Virat Kohli will be eyeing a fairytale ending Sunday to a record-breaking season when he leads the Royal Challengers Bangalore in the Indian Premier League's final against Sunrisers Hyderabad.
Target Trans-Asian Railway linkage
The government has revised a project to lay a 129-km rail track from Dohazari to Gundum near Myanmar border via Cox's Bazar at a cost of Tk 18,034 crore.
ADB to give Tk 13,115cr for Trans-Asia rail corridor
The Asian Development Bank will provide Tk 13,115 crore loan for implementing a rail route project which will connect Bangladesh to the east and west.
ADB extends loan for Bangladesh water project
The Asian Development Bank (ADB) extends fresh loan to Bangladesh to expand a water project in south-west area.
ADB forecasts 6.7pc GDP growth
Bangladesh economy is expected to perform strongly this year, according to the latest figures from the Asian Development Bank (ADB).
