ADB
ADB retains top slot in Aid Transparency Index
The Asian Development Bank (ADB) retained its first place ranking in the 2020 Aid Transparency Index (ATI), an independent measurement of aid transparency released today at the Brookings Institution in Washington, D.C.
Bangladesh to see 7.5pc growth in FY2021: ADB
Bangladesh’s GDP is expected to grow by 4.5 percent in FY2020 and 7.5 percent in FY2021, the Asian Development Bank (ADB) said in the update report of Asian Development Outlook (ADO) 2020 Supplement on Thursday.
The growth forecast for FY2020 reflects sharp decrease in economic activities in the last quarter due to COVID-19 pandemic and its outbreak in Bangladesh, according to a press release.
Bangladesh’s economy is expected to recover in fiscal year 2021 after coronavirus induced slowdown in FY2020, according to the latest ADB report of ADO Supplement.
During FY2021, GDP growth rate is expected to pick up to 7.5 percent driven by gradual recovery in the first two quarters, followed by quick recovery in the following quarters.
These forecasts rest on the assumption that it would take three months, from when the outbreak intensifies in the country, for economies to get their domestic outbreak under control and to start normalising economic activities, it said.
These forecasts also consider the impacts of the government’s containment actions, and fiscal and monetary stimulus measures.
ADB okays $100 million loan for rural road network development in Bangladesh
The Asian Development Bank (ADB) has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh, connecting the rural population to agricultural development zones.
ADB finances landmark pvt sector solar plant in Bangladesh
The Asian Development Bank (ADB) has signed a $17.7 million financing package with Spectra Solar Park Limited (SSPL) to invest in a 35-megawatt utility-scale solar photovoltaic plant in Bangladesh.
Post-pandemic Recovery: ADB in favour of more cash injections into economy
The Asian Development Bank (ADB)’s Country Director in Bangladesh Manmohan Parkash on Sunday suggested to inject more cash into the economy, so that it helps with liquidity and domestic consumption; and improve the access to finance, cheap, affordable, with limited collateral to promote entrepreneurship, and jobs.
ADB expands Trade Finance Program to support private sector in Bangladesh
The Asian Development Bank (ADB) has expanded the Trade Finance Program (TFP) to support private sector in Bangladesh by raising its financing limit to $755 million from $518 million at the end of last year.
The TFP works with 12 partner banks in Bangladesh to mobilize private sector capital and fill market gaps by providing guarantees and loans to support trade, according to a press release.
“Given the impact of COVID-19 on the economy, particularly availability of credit for private sector in Bangladesh, enhancement of the TFP will increase liquidity, help boost businesses, raise exports and imports, increase jobs, and contribute to economic growth and development,” ADB Country Director Manmohan Parkash said.
ADB provides $231,178 grant to augment COVID-19 related facilities in Bangladesh
The Asian Development Bank (ADB) is providing $231,178 grant to augment novel coronavirus disease (COVID-19) related facilities in 134 urban primary health centers, also called Nogor Swastho Kendro, across the country.
Bangladesh to receive $100 million from ADB to mitigate pandemic
The Asian Development Bank (ADB) and the government of Bangladesh on Wednesday signed a $100-million loan agreement to support the government’s efforts to address the immediate public health requirements for mitigating the novel coronavirus disease (COVID-19) pandemic.
ADB to provide $500 mn loan to Bangladesh to mitigate COVID-19 impact
The Asian Development Bank (ADB) and the government of Bangladesh on Monday signed $500 million loan agreements to strengthen Bangladesh’s efforts to mitigate the socio-economic impact of the novel coronavirus or COVID-19 pandemic.
Coronavirus: ADB gives Bangladesh medical equipment
The Asian Development Bank (ADB) on Tuesday handed over medical equipment to the government of Bangladesh to help strengthen its efforts to improve treatment facilities of Covid-19 patients and contain further spread of the virus in the country.