The Asian Development Bank has identified four major risks to Bangladesh’s economy, including the potential impact of additional US tariffs and political uncertainty, both of which could hinder growth and fuel inflationary pressures.
The Asian Development Bank (ADB) has projected Bangladesh’s GDP growth rate to slow to 4.3 percent in fiscal year (FY) 2025, reflecting a subdued outlook amid political uncertainty, supply disruptions and tight monetary policy.
The project will be implemented in between 2024 to 2029
The Asian Development Bank (ADB) has become the first among multilateral and bilateral lenders to respond to the interim government's call for budgetary support, approving $600 million aimed at easing pressure on foreign exchange reserves and accelerating economic recovery.
The government is expecting at least $5.65 billion in budget support this fiscal year from the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) to expedite reforms.
Many ongoing development projects, funded by the Asian Development Bank, is facing additional implementation challenges due to the current political climate and changes in the government, a document says.
The ADB has lowered its forecast for Bangladesh’s economic growth to 5.1 percent for the current fiscal year, primarily due to supply disruptions caused by political unrest in July and August 2024
The Asian Development Bank (ADB) has appointed Hoe Yun Jeong as its new country director for Bangladesh
Finance Adviser Salehuddin Ahmed says after meeting with ADB
Bangladesh and the Asian Development Bank sign agreements for $505 million in loans to further improve the country’s railway services.
Asian Development Bank revises down its growth projection for Bangladesh to 6.1 percent for 2015 fiscal from its earlier projection of 6.4 percent.
MUCH to the dismay of the United States (US), the Europeans are filling in applications to join the Asian Infrastructure Investment Bank (AIIB).
Government approves of importing additional 600MW power from neighbouring India at a cost of about Tk 1,600 crore via the electricity interconnectivity grid.
