ADB’s $200 million loan for Bangladesh is under process
Asian Development Bank (ADB) Country Head Edimon Ginting said that in the current 2022-23 financial year, Bangladesh will be given a loan of US$ 200 million. This loan is under process for various development projects of the government.
The country director of ADB said this in a meeting held with Finance Minister AHM Mustafa Kamal at the Secretariat on Tuesday. This was stated in a notification of the Ministry of Finance after the meeting.
According to the notification, ADB’s country director said that ADB has a strong relationship with Bangladesh. ADB will continue to support rural and urban development and encourage investment in climate resilient development. Edimon Ginting praised the dynamic leadership of Prime Minister Sheikh Hasina for keeping the wheels of Bangladesh’s economy moving during the crisis of the Covid-19 pandemic.
Edimon Ginting thanked the Finance Minister in advance knowing that he will participate in the 55th Annual Meeting of ADB to be held from September 26 to 30. He also discussed the 50th anniversary celebrations of Bangladesh and ADB in 2023.
According to the notification of the Ministry of Finance, ADB has given a loan of 2 thousand 755 million 50 million dollars to the Bangladesh government so far. In terms of development assistance in Bangladesh, ADB prioritizes power, education, transport, energy, water resources, agriculture, local government, good governance, finance and the private sector.
According to the circular, the finance minister praised ADB for its speedy assistance in the socio-economic development of Bangladesh, especially in overcoming the harmful effects of Covid-19. He requested ADB to provide more development assistance to meet the challenges of transition from least developed country (ADC) to developing country.