Bangladesh to receive $2b ADB loan this fiscal21 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.