Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Friday, May 4, 2018 11:17:01 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Maintaining political stability in BD a big challenge: ADB

By
05th-May-2018       
Comments
Share your thought
Post a comment »
Read all () »

UNB, Manila :
The Asian Development Bank (ADB) has said it remains very optimistic about Bangladesh's continuous growth but how the country will maintain the current political stability remains a big challenge.
"It's a big challenge for Bangladesh how it will maintain political stability. Political stability is very important," ADB's Director General of South Asia
Regional Department Hun Kim told UNB.
With political stability, he said, bureaucrats become more accountable, motivating and empowered ones enabling the development trend to continue. "From our experience, as we work on the ground, we can say if there's a good man - project director - committed to a particular project, that project succeeds. But that person has to be empowered," said the ADB senior official. Talking to this correspondent on a sideline event of the ongoing annual meeting of ADB, Kim said Bangladesh just needs to continue the growth trend. "I'm very optimistic about Bangladesh." Responding to a question, Kim who oversees ADB operations and support for regional cooperation in Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka, said, "We've a strong confidence in Bangladesh bureaucracy." "Bangladesh is doing very well. It can take fast decisions. With the increased capacity of bureaucracy, Bangladesh is willing to take bigger investments," Kim said.
Bangladesh's economy registered a record high growth rate of 7.3 percent in 2017 as higher farm and wage incomes lifted private consumption, according to the ADB Annual Report 2017. The report says public investment has improved, although remittance inflows declined and exports have stagnated. Bangladesh growth, according to the ADB, was mainly driven by service industries, although agriculture, small-scale manufacturing and construction also made contributions. Responding to another question, the ADB official said South Asia politics is always a problem but good politics can make a difference. South Asia is one of the fastest-growing regions in the world, and its rising population of young people is expected to provide a demographic dividend in the coming decades, ADB officials said. ADB's Country Partnership Strategy for Bangladesh proposes total assistance of $8 billion, including for non-sovereign operations, during the period of 2016-2020, 60 percent up from $5billion in 2011-2015. In 2016-2017, the ADB approved $2.5 billion in sovereign and $600 million in non-sovereign assistance. To support government efforts, the ADB will provide additional resources depending upon need, performance of ongoing projects, and readiness of new projects. Bangladesh joined the ADB in 1973, and in 1982 became its first member to host a field office. To date, more than $20 billion in ADB loans, grants, and technical assistance have been approved for Bangladesh. The approved non-sovereign loans, equity investments, and guarantees have totalled $985.28 million.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

World Press Freedom Day and some shocking facts


EVERY year on May 3, the World Press Freedom Day is observed to remind people of the perils faced by journalists around the world. However, in recent years, populist politicians across the globe have cultivated this cynicism - attacking the credibility of the press to make their own tenuous relationship ...

Entertainment »

Sohana Saba, Emon, Toma`s Paap Kahini`s shooting begins


Sheikh Arif Bulbon :Sohana Saba, Emon and National Film Award winner actor Toma Mirza has started shooting of popular actor, story writer and director Shahriar Nazim Joy directed movie Paap Kahini. Emon is acting in role of hero while Saba and Toma are acting in roles of heroines in the ...

City »

BNP Secretary General Mirza Fakhrul Islam Alamgir, among others, at a discussion organised on the occasion of World Free Mass-Media Day by a faction of BFUJ and DUJ at the Jatiya Press Club on Thursday.


.

Football »

Liverpool go from qualifier to Champions League finalist


AP, Rome :Way back in August when Liverpool was sweating its way through the playoffs just to qualify for the Champions League group phase, going all the way to the final wasn't even on the Reds radar.Not after a season in which Liverpool didn't even play in Europe.Not when no ...

International »

Kim tells China he is committed to denuclearization


Reuters, Beijing :North Korean leader Kim Jong Un told a visiting Chinese diplomat on Thursday that he is committed to denuclearization, China's foreign ministry said, as diplomatic efforts to bring lasting peace to the Korean peninsula gather pace.China is North Korea's most important economic and diplomatic backer, despite its anger ...

Editorial »

Myanmar army chief`s lies make the crime more shameful


WHILE issuing an official statement day before yesterday, Myanmar's army chief denied to have committed rape or any other form of sexual abuses during a crackdown he ordered on Rohingya Muslims on August last year.Our point, whatever he had ordered, by now, it is known to almost all. His admission ...

Entertainment »

Fan girl moment for Babita Phogat


Recently, Commonwealth champion Babita Phogat had a fan girl moment at FICCI FLO Kolkatta when she happened to meet Shilpa Shetty Kundra. This is the star she has admired for several years. In fact, when Babita was presented her award on stage, she mentioned how she was a huge fan ...

City »

A discussion meeting marking the 3rd death anniversary of BNP leader Nasiruddin Ahmed Pintoo was held at the Jatiya Press Club on Wednesday . Among others, BNP Secretary General Mirza Fakhrul Islam Alamgir took part in the discussion.


.

International »

US May Day marchers denounce Trump immigration policies


Reuters, Los Angeles :Organized labor activists led May Day rallies in several U.S. cities on Tuesday, though in smaller numbers than last year, decrying President Donald Trump's immigration crackdown as an assault on vulnerable workers in some of America's lowest-paying jobs.The biggest gathering was in Los Angeles, where a boisterous ...

Editorial »

ACC`s hundred percent conviction rate must include high-profile ones


BEFORE 2016 the Anti-Corruption Bureau's conviction rate was a mere 20 percent, and it quick rose to 56 percent. Following the increased rate of conviction, its Chairman has called on the ACC officials to give their best to ensure100 percent conviction rate. Additionally, the ACC has recently issued a set ...

Entertainment »

Working in Yeh Hai Mohabbatein was the turning point in my life: Apoorva Singh


Apoorva Singh, an immensely talented budding actress based in Mumbai, is paving her way to success in the entertainment industry. Hailing from Jaipur, Singh always believed in her dreams of becoming an actress since childhood. Quite recently, she bagged the biggest role of her career in the Star Plus prime ...

City »

BNP Standing Committee Member Dr Khondkar Mosharraf Hossain, among others, at a protest rally organised by Dhaka-based Jatiyatabadi Chhatra Forum, Khulna at the Jatiya Press Club on Monday demanding release of BNP Chairperson Begum Khaleda Zia.


Editorial »

The authorities must stop issuing passport to Rohingyas


EXPATRIATES Welfare and Overseas Employment Minister Nurul Islam said Saturday that between two and 2.5 lakh Rohingyas had gone abroad until now with Bangladeshi passports. But these Rohingyas are sending money in foreign currencies to Myanmar, said Nurul Islam while inaugurating World Conference Series: 2018 at a posh hotel in ...

International »

Palestinian congress to convene as Abbas seeks to strengthen hand


AFP, Ramallah :The parliament of the Palestine Liberation Organisation convenes for the first time in decades Monday, as ageing President Mahmud Abbas seeks to strengthen his hand ahead of the US embassy move to Jerusalem.Analysts said the three-day meeting of the Palestinian National Council (PNC) in the West Bank city ...

Sports »

Poland's Maciej Sulecki (right) punches Daniel Jacobs during the seventh round a middleweight boxing match in New York. Jacobs won the fight on Saturday.


 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news