ADB
Dhaka, ADB pledge 'special actions' to speed up economic recovery
Bangladesh and Asian Development Bank (ADB) on Wednesday agreed to undertake a slew of 'special actions' in order to expedite the implementation of ADB-assisted projects in this country for promoting faster economic recovery and greater job creation.
COVID-19: Govt, ADB sign agreement for $3m grant
The Asian Development Bank (ADB) and the Government of Bangladesh on Tuesday signed agreement for $3 million in grant for procuring urgent medical supplies including vaccine for coronavirus.
ADB vows to work with Asia for recovery from COVID-19
The Asian Development Bank (ADB) has said it is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the COVID-19 pandemic.
ADB forecasts developing Asian economies in recession
Developing economies in Asia will contract this year, the first such downturn in nearly six decades, the Asian Development Bank said Tuesday in an update to its forecasts.
Bangladesh GDP to grow by 6.8pc in FY21: ADB
Bangladesh’s economy is showing signs of early recovery and its gross domestic product (GDP) is expected to grow by 6.8 percent in 2021 fiscal year, the latest Asian Development Bank (ADB) report says.
Bangladesh continues to see robust remittance inflow; $922.10 mn in 10 days
According to Bangladesh Bank data, the country received $534 million during the same period last year while $572 million in the first 10 days of August last.
Officials at the central bank said the country has been witnessing an increased trend in remittance inflow since the government’s declaration of 2 percent incentives for remittance senders in July 2019 in
ADB gives $50m to implement PPP infrastructure projects in Bangladesh
The Asian Development Bank (ADB) and Bangladesh have signed agreements for $50 million in loan to promote, fund, and implement public-private partnership (PPP) infrastructure projects in the country.
ADB to provide $5.9 bn firm, $5.2 bn standby project assistance to Bangladesh for 2021-23
The Asian Development Bank (ADB) has programmed $5.9 billion firm and $5.2 billion standby project assistance for Bangladesh in 2021-2023, to help the country accelerate economic recovery and maintain inclusive growth , according to the new Country Operations Business Plan (COBP) for Bangladesh.
ADB nods $50m loan for Bangladesh
The Asian Development Bank (ADB) has approved a $50 million loan to fund public-private partnership (PPP) infrastructure projects in Bangladesh.
ADB okays additional US$3 mn for Covid-19 response in Bangladesh
Asian Development Bank (ADB) has approved additional US$3 million in grant assistance for procuring urgently needed medical supplies for emergency response to the coronavirus disease (COVID-19) pandemic in Bangladesh.
The Government of Japan is financing the grant assistance sourced from the ADB-administered Asia Pacific Disaster Response Fund, according to an ADB release.
“The assistance will help alleviate the government’s urgent financial, logistical, and other constraints to meet immediate needs and deliver appropriate medical services,” ADB Country Director in Bangladesh Manmohan Parkash said.
He said that the grant will finance the procurement of essential medicines, medical equipment and infection control supplies required for COVID-19 emergency response.
“ADB is committed to supporting Bangladesh to minimize the health and economic impacts of the COVID-19 pandemic and help accelerate the post-pandemic socio-economic recovery of the country,” Parkash added.
The new assistance builds on ADB’s previous support of around $603 million in loans and grants to contain and mitigate the COVID-19 pandemic in Bangladesh.
ADB on 7 May approved $500 million loan to bolster the efforts of the Government of Bangladesh to manage the impact of the COVID-19 pandemic on the country’s economy and the public health.
On 30 April, ADB approved a $100 million concessional emergency loan to support Bangladesh’s efforts to address the immediate public health requirements of combatting the COVID-19 pandemic.
ADB also released a $350,000 emergency grant for the procurement of medical supplies and equipment, and $1.3 million from an existing project to provide one-time cash support to 22,619 trainees to enable them to continue their ongoing skills training program.
In addition, $231,178 in grant was provided to augment COVID-19 related facilities in 134 urban primary healthcare centers, also called Nogor Swastho Kendro, across the country.
Since February, ADB’s emergency assistance grants to its developing members have helped ensure the supply of essential medicines and personal protective equipment.
In April, ADB announced a $20 billion comprehensive response package to help its developing member countries address the immediate and long-term macroeconomic and health impacts of COVID-19 in the region. Visit ADB’s website to learn more about its ongoing response.