ADB
ADB leads $121m financing for private solar project in Bangladesh
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
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 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).
$505m deals inked with ADB to improve railway services
Bangladesh and the Asian Development Bank sign agreements for $505 million in loans to further improve the country’s railway services.
ADB cuts Bangladesh's GDP growth to 6.1pc
Asian Development Bank revises down its growth projection for Bangladesh to 6.1 percent for 2015 fiscal from its earlier projection of 6.4 percent.
A Sino-centric economic order
MUCH to the dismay of the United States (US), the Europeans are filling in applications to join the Asian Infrastructure Investment Bank (AIIB).
Govt okays 600MW Indian power import
Government approves of importing additional 600MW power from neighbouring India at a cost of about Tk 1,600 crore via the electricity interconnectivity grid.
