The Asian Development Bank (ADB) and Bangladesh on Tuesday signed agreements for $200 million additional loans, including $130 million concessional loan, to improve access to efficient and reliable electricity supply in rural areas in Bangladesh.

The Asian Development Bank (ADB) has approved $0.5 million in grant assistance for supporting knowledge works to promote business competitiveness and intraregional trade of Bangladesh.

Bangladesh’s economy is showing signs of early recovery and its gross domestic product (GDP) is expected to grow by 6.8 percent in 2021 fiscal year, the latest Asian Development Bank (ADB) report says.

The Asian Development Bank (ADB) and the government of Bangladesh on Monday signed $500 million loan agreements to strengthen Bangladesh’s efforts to mitigate the socio-economic impact of the novel coronavirus or COVID-19 pandemic.

Country Director of the Asian Development Bank (ADB) in Bangladesh Manmohan Parkash has said a carefully-crafted exit strategy that draws a fine balance between normalising socioeconomic activities and containing the spread of virus is needed for Bangladesh.