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** Both muscle politics and political activist teachers are jointly to be blamed for universities' shameful low ranking ** Buyers flock to Karwan Bazar market in the capital to buy hilsa as the government has imposed a 22-day ban on catching, selling, hoarding and transporting of hilsa from Friday across the country to protect safe spawning of the fish during its peak breeding period. NN photo ** Bangladesh's economy is in quite strong position: PM ** Dengue spreading fast ** Palm oil price down by Tk 8 per litre, sugar price up Tk 6 per kg ** Tangail road crash leaves six dead ** National grid failure Probe on to determine sabotage ** 35 people killed in Thailand mass shooting ** HC cannot pass order in a policy decision matter of the govt : SC rules ** Cricketer Al-Amin claims, he divorces his wife ** The committee must see if efficient people are placed in the power sector to avoid an outage ** Vehicles struggle to ply on Dhaka-Narayanganj Link Road on Wednesday, as rains caused waterlogging in the area. NN photo ** Army personnel working to restore road communication at Sajek union under Baghaichhari Upazila in Rangamati district on Wednesday as heavy rains triggered landslide in the area, disrupting vehicular movement on Sajek-Khagrachhari road. NN photo ** Initiative taken to amend the hundred-year old Railways Act ** Probe body starts work to find out reasons for national grid failure ** Bigo Apps loots Tk 108cr spreading obscenity in Bangladesh ** US announces $625m military aid for Ukraine ** Brunei Sultan likely to visit Dhaka on Oct 13-15 ** Teen stabbed to death at Gopalganj Durga Puja fair ** Country reports 549 new Covid cases, 2 deaths ** 25 dead as bus falls into gorge in India ** Nearly 4000 tourists trapped as heavy rain triggers landslide at Sajek ** Dollar rebounds as global market rally fades ** Govt made money in the name of generating electricity: BNP ** Child labour crushing dreams of Bangladesh children **

Bangladesh to receive $2b ADB loan this fiscal

21 September 2022


Staff Reporter :
Asian Development Bank's (ADB) Country Director Edimon Ginting said that Bangladesh would receive $ 200 crore as loan for various development projects under the current 2022-23 financial year, which is under process.
It was disclosed after a meeting with Finance Minister AHM Mustafa Kamal and ADB Country Director Edimon Ginting held at the Secretariat on Tuesday, said a Finance Ministry press release.
"ADB has a strong relationship with Bangladesh. ADB will keep continue to support rural and urban development projects and encourage investment in climate resilient development works," it added.
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 period.
The Country Director 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.
ADB has given a loan of 2755.50 crore dollars to Bangladesh's government so far, the release read.
ADB prioritizes power, education, transport, energy, water resources, agriculture, local government, good governance, finance and the private sector in terms of Bangladesh's development assistance.
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.

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