Immediate return of Sheikh Hasina as Prime Minister: ADB’s perspective BSS Dhaka

The Prime Minister noted that as Bangladesh’s economy moves towards a higher growth path, it is desirable that ADB place a larger emphasis on projects that will bridge the digital divide, accelerate business competitiveness, advance and reduce poverty. Will transfer, produce carbon technologies. Promoting green energy, climate-resilient agriculture, diversifying exports, developing smart cities and enhancing […]

Bangladesh’s foreign exchange reserves increased with IMF and ADB loans

Bangladesh Bank’s foreign exchange reserves have seen an increase after receiving loan installments from the International Monetary Fund (IMF) and Asian Development Bank (ADB). Total or gross reserves have now reached US$25.82 billion. Using the IMF’s BPM 6 accounting methodology, reserves amount to US$20.40 billion. However, the central bank has not disclosed net or actual […]

Citibank wins ADB award for the fifth time: Honored for being the most active partner bank in Bangladesh

The 9th awards ceremony of the ADB TSCFP was recently held in Singapore in the presence of 200 representatives from various banks and financial institutions, where Hassan Sharif Ahmed, Executive Vice President and Head of Financial Institutions, Citibank, received the award from Steven Beck, Head of Trade and Supply. Received. Chain Finance, Asian Development Bank. […]

Japan, China, India, Russia decline as foreign loans from World Bank rise

Iftikharuzzaman, executive director of Transparency International Bangladesh (TIB), believes that four reasons are responsible for the decline in foreign aid to NGOs. First, many countries and multilateral lending agencies are facing a funding crunch due to the COVID-19 pandemic and the Russia-Ukraine war; For this reason, less funds have been released to various projects in […]

ADB mobilizes $261 million for Rampura-Amulia-Demra Expressway

ADB assisted in project structuring, negotiation, tender execution and provided assistance for commercial award and financial closure, the release said. “We have partnered with public authorities in Bangladesh to prepare, market and attract private sector partners to design, build, finance, operate and maintain this expressway,” said Cleo Kawawaki, Head of ADB Market Development and PPP […]

Government, ADB sign $628 million loan agreement

2. Greater Dhaka Sustainable Urban Transport Project (BRT- Gazipur): The project will be implemented by the Department of Road Transport and Highways and implemented by the Roads and Highways Department (RHD), Bangladesh Bridge Authority (BBA) and the Local Government Engineering Department (LGED). The objective of the project is to improve the quality of urban life […]

Prepaid gas meters put in to operation

The supervision yesterday rigourously inaugurated prepaid gas meters for a residential consumers of a capital’s Lalmatia as well as Mohammadpur areas in a bid to revoke wastage of a application as partial of a pass devise to palliate gas crisis. Tawfiq-e-Elahi Chowdhury, appetite confidant to a budding minister, non-stop a gas scale with a smart-card […]