ADB to provide around 5 bln USD to Bangladesh over next 3 yrs
The Asian Development Bank (ADB) said it will provide about 5 billion U.S. dollars loan to Bangladesh over the next three years, Trend reports citing Xinhua.
ADB Country Director for Bangladesh Manmohan Parkash met with Prime Minister Sheikh Hasina at the parliament office on Wednesday and appraised her about ADB's enhanced development programs for Bangladesh, said the Manila-based lender in a statement on Friday.
It said Parkash handed over to Hasina ADB's new Country Operations Business Plan (COBP) for 2020-2022, which programs around 5 billion U.S. dollars in firm projects, said the bank.
According to the statement, Hasina appreciated ADB assistance and highlighted her government's priorities for infrastructure and human capital development, science and technology research, rural and agricultural development and private sector promotion.
Complimenting Hasina on strong economic performance, Parkash said that the new COBP is consistent with government priorities and a pathway to prosperity. He reaffirmed ADB's continued assistance to further strengthen its partnership to promote rapid, inclusive and sustainable growth in Bangladesh.