adb country operations business plan bangladesh

Sign up for our free newsletter and get more of Development Asia delivered to your inbox.

• Find Events
• Topics ADB Administration and Governance Agriculture and Natural Resources Capacity Development Civil Society Climate Change Disaster Risk Management Economics Education Energy Environment Evaluation Finance Gender Equality Governance and Public Sector Management Health ICT Industry and Trade Knowledge Management Poverty Private Sector Public-Private Partnership Regional Cooperation and Integration Social Development and Protection Transport Urban Development Water
• Upload Content
• Find Speakers
• Virtual Business Opportunities Seminar 2021 with...

ADB Bangladesh Country Operations Business Plan, and Upcoming Pipeline Projects and Opportunities

View Slides

This presentation gives an overview of ADB's upcoming projects and opportunities in Bangladesh.

Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

• Environment
• Middle East
• Entertainment

November 21, 2024

Business & Economy

Adb unveils $11bn lending plan for bangladesh over 3 years.

The Asian Development Bank has programmed $5.9 billion firm and $5.2 billion standby project assistance for Bangladesh in 2021-2023, according to the new Country Operations Business Plan for Bangladesh.

bdnews24.com

Published : 27 Aug 2020, 03:05 PM

Updated : 27 Aug 2020, 03:05 PM

“Given the coronavirus disease (COVID-19) pandemic, we are enhancing our partnership with Bangladesh by adjusting program priorities to help the country overcome immediate challenges related to health and social protection, accelerate economic recovery, and maintain inclusive growth,” ADB Country Director for Bangladesh Manmohan Parkash said in a statement on Thursday.

“More support will be provided to improve health, food security, social protection, skills development, rural development, water and sanitation, and finance sector, among others. Climate resilience, gender inclusion, and balanced regional development are program priorities.”

Noting the government request for increased support, Parkash said, “ADB will increase its support for private sector, public-private partnership projects and help with bond market development”.

“To mobilise more resources, we will leverage cofinancing opportunities and use diverse financing tools and modalities including policy-based loan, technical assistance, grants, equity, guarantees, B-loan, and trade financing.”

The ADB is increasing its technical assistance support while emphasising innovative approaches and new technologies to further boost development effectiveness and strengthen results, according to Parkash.

According to the plan, $5,938 million is for firm projects, while another $5,170 million is for standby projects with another $35.6 million for technical assistance programmes during 2021-2023.

The standby list includes a pipeline of bankable projects, that respond to the country’s needs and growing absorptive capacity, to be financed depending on the availability of additional lending resources, the ADB said in a statement. Regardless of firm or standby status, projects will be selected and processed based on strong government demand, sector absorptive capacity, and readiness, among other criteria. 

The COBP is aligned with the guiding principles of the government’s 8th five-year plan (under preparation) and its core themes of promoting prosperity and fostering inclusiveness, and ADB’s Strategy 2030.

Projects in the COBP will also help the country attain several Sustainable Development Goals, according to the Manila-based lender.

Weak banks get Tk 2.65bn more to ease liquidity crisis

TCB to sell potatoes at Tk 40

How bad is banking sector crisis?

Migrant gets life sentence for Laken Riley murder

City College suspends classes after clashes

Greek potter keeps ancient ways alive

Samira tahsoon.

Gen Z votes matter in the US poll

Do we overhype the US election?

Mahmudur R Manna

Data could be Bangladesh's next tech strategy

Muntasir Mamun

Pedalling through parallels

• Science & Innovation
• Social Media
• Business Analysis
• Local Business
• Share Market
• World Business
• Royal Family
• Foreign Affairs
• Law & Order
• Latin America
• Middle East
• USA and Canada
• Arts & Culture
• Health & Fitness
• Awami League
• Jatiya Party
• Environment
• Today's news list
• Press Releases

ADB to provide $5.9 bn firm, $5.2 bn standby project assistance to Bangladesh for 2021-23

• August 27, 2020, 11:57 PM
• by UNB NEWS
• Publish- August 27, 2020, 11:57 PM

“Given the coronavirus disease (COVID-19) pandemic, we are enhancing our partnership with Bangladesh by adjusting program priorities to help the country overcome immediate challenges related to health and social protection, accelerate economic recovery, and maintain inclusive growth,” said ADB Country Director for Bangladesh Manmohan Parkash.

“More support will be provided to improve health, food security, social protection, skills development, rural development, water and sanitation, and finance sector, among others.” “Climate resilience, gender inclusion, and balanced regional development are program priorities”.

Noting the government request for increased support, Manmohan Parkash said, “ADB will increase its support for private sector, public-private partnership projects and help with bond market development”.

Also read: Bangladesh to see 7.5pc growth in FY2021: ADB

“To mobilize more resources, we will leverage cofinancing opportunities and use diverse financing tools and modalities including policy-based loan, technical assistance, grants, equity, guarantees, B-loan, and trade financing.”

“We are increasing our technical assistance support, and emphasizing innovative approaches, and new technologies to further boost development effectiveness and strengthen results”, Mr. Parkash added.

According to the COBP, $5,938 million is for firm projects while another $5,170 million is for standby projects, and $35.6 million for technical assistance programs during 2021-2023, said a press release on Thursday.

The standby list includes a pipeline of bankable projects, that respond to the country’s needs and growing absorptive capacity, to be financed depending on the availability of additional lending resources. Regardless of firm or standby status, projects will be selected and processed based on strong government demand, sector absorptive capacity, and readiness, among other criteria. 

The COBP is aligned with the guiding principles of the government’s 8th five-year plan (under preparation) and its core themes of promoting prosperity and fostering inclusiveness, and ADB’s Strategy 2030. Projects in the COBP will also help the country attain several Sustainable Development Goals.

Also read: ADB nods $50m loan for Bangladesh

ADB operations in Bangladesh prioritizes health, digital education, social protection, skills development, transport corridor development and global value chains, regional and sub-regional cooperation, improved urban services, water supply and sanitation, rural development, and high quality electricity supply, among others.

Major projects included in the COBP are Healthcare Improvement Program, Climate and Disaster Risk Resilience Project, Agriculture Productivity Improvement Project, Skills for Employment Project, Startup Venture Capital Fund, Small and Medium-Sized Enterprises Development Program, Supporting Education for Children with Special Needs, Computer and Software Engineering Tertiary Education Project, Digital University Development Project and Renewable Energy Project.

Besides,  Scaling up Energy Efficiency and Conservation Project, Chattogram Water Supply Project, Coastal Town Improvement Project, Secondary Towns Water Supply and Sanitation Improvement Project, SASEC International Trade Facilitation Program, Dhaka-Sylhet Road Project, dual gauging of Dhaka-Chattogram Rail lines, Dhaka-Cumilla Chord Rail Line, Chattogram-Cox’s Bazar Rail Line, Dhirashram Inland Container Depot Project, and Road Safety Improvement Program.

Also read: ADB provides $231,178 grant to augment COVID-19 related facilities in Bangladesh

In its 47-year-long partnership with Bangladesh, ADB has mobilized over $34.9 billion in loans and grants, including cofinancing, to help bring better infrastructure, public services, and social development outcomes to the people of Bangladesh. ADB’s current sovereign portfolio in Bangladesh has 49 projects with around $11 billion.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Bangladesh to get $11.1 billion funding from ADB

Bangladesh will get around $11.1 billion from manila-based asian development bank (adb) under its new country operations business plan from 2021 to 2023.

Bangladesh will get around $11.1 billion from Manila-based Asian Development Bank (ADB) under its new country operations business plan from 2021 to 2023. Under the program, $5.9 billion will be given for firm projects and $5.2 billion for standby projects, reported Daily Star.

The report says ADB Country Director Manmohan Parkash on Tuesday communicated to Bangladesh Prime Minister Sheikh Hasina about new plans. $607 million in loans and grants will be given to the country for expanding the social safety net and to manage the aftereffects of the pandemic.

The projects creating rural employment will also be covered under the new plans.

Talks are also going on for funding, around $940 million, for the country’s vaccination program. 

To support the country’s health and financial sector recovery, Bangladesh will get $500 million in funding from the lender in 2021. The new program also took consideration of shifting priorities in the wake of the pandemic. 

"With smart investments in industry, infrastructure, and human capital, the region can attract investment, create employment, and bring prosperity," the ADB’s country director was quoted as saying by Daily Star.

The ADB has initiated the preparation of a new Country Partnership Strategy for 2021-2025. It is fully aligned with the priorities of the Eighth Five-year Plan, the Perspective Plan 2041, the Bangladesh Delta Plan 2100, and the Strategy 2030 of the lender, says the report.

Related Posts

Post a Comment

Dr. Smruti Pattanaik, Research Fellow, Manohar Parrikar Institute for Defence Studies and Analyses speaks with Col Anil Bhat (retd.) on the Bangladesh transition and its implications for South Asia | SAM Conversation

SAM Conversation with experts from US, India, Pakistan and Sri Lanka on Trump’s election: Outlook for South Asia

Frank Islam speaks with Salima Hashmi, artist, educator, peace activist, founder member Sapan | Washington Calling

Frank Islam speaks with South Asia expert, Dr Sreeradha Datta, Professor, Jindal Global University, Sonipat, India on the recent happenings in Bangladesh | Washington Calling

South Asia Monitor

In Indian capital, Muslim home cooks stir up a culinary revolution | Reimagining India

Transwomen serve inclusion on a plate

For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser .

• Laws & Rights
• Stock Market
• Real Estate
• Middle East
• North America
• Formula One
• Other Sports
• Science, Technology & Environment
• Around the Web
• Webiners and Interviwes

Business -->

• Google News
• Today's Paper
• Webinars and Interviews

ADB outlines $11bn plan for Bangladesh in 2021-23

According to the COBP, $5,938 million is for firm projects while another $5,170 million is for standby projects, and $35.6 million for technical assistance programs during 2021-2023

The Asian Development Bank (ADB) has programmed $5.9 billion firm and $5.2 billion standby project assistance for Bangladesh in 2021-2023, according to the new Country Operations Business Plan (COBP) for Bangladesh.

“Given the coronavirus (Covid-19) pandemic, we are enhancing our partnership with Bangladesh by adjusting program priorities to help the country overcome immediate challenges related to health and social protection, accelerate economic recovery, and maintain inclusive growth,” said Manmohan Parkash, ADB's country director for Bangladesh, according to a press release.

"More support will be provided to improve health, food security, social protection, skills development, rural development, water and sanitation, and finance sector, among others. Climate resilience, gender inclusion, and balanced regional development are program priorities."

Noting the government request for increased support, Parkash said: “ADB will increase its support for private sector, public-private partnership projects and help with bond market development”.

“To mobilize more resources, we will leverage cofinancing opportunities and use diverse financing tools and modalities including policy-based loan, technical assistance, grants, equity, guarantees, B-loan, and trade financing.”

“We are increasing our technical assistance support, and emphasizing innovative approaches, and new technologies to further boost development effectiveness and strengthen results,” he added.

According to the COBP, $5,938 million is for firm projects while another $5,170 million is for standby projects, and $35.6 million for technical assistance programs during 2021-2023.

The standby list includes a pipeline of bankable projects, that respond to the country’s needs and growing absorptive capacity, to be financed depending on the availability of additional lending resources.

Regardless of firm or standby status, projects will be selected and processed based on strong government demand, sector absorptive capacity, and readiness, among other criteria.

The COBP is aligned with the guiding principles of the government’s eigth five-year plan (under preparation) and its core themes of promoting prosperity and fostering inclusiveness, and ADB’s Strategy 2030.

Projects in the COBP will also help the country attain several Sustainable Development Goals. 

Major projects included in the COBP are — Healthcare Improvement Program, Climate and Disaster Risk Resilience Project, Agriculture Productivity Improvement Project, Skills for Employment Project, Startup Venture Capital Fund, Small and Medium-Sized Enterprises Development Program, Supporting Education for Children with Special Needs, Computer and Software Engineering Tertiary Education Project, Digital University Development Project, Renewable Energy Project, Scaling up Energy Efficiency and Conservation Project, Chittagong Water Supply Project, Coastal Town Improvement Project, Secondary Towns Water Supply and Sanitation Improvement Project, SASEC International Trade Facilitation Program, Dhaka-Sylhet Road Project, dual gauging of Dhaka-Chittagong Rail lines, Dhaka-Comilla Chord Rail Line, Chittagong-Cox’s Bazar Rail Line, Dhirashram Inland Container Depot Project, and Road Safety Improvement Program.

Unicef appoints Gargee Tanushree Paul as youth advocate

Implementation committee drafting progress on loan conditions, iws online school launches in bangladesh, offering world-class education, meghna bank, hatim furniture ink deal, bank asia wins safa award 2023, ific bank earns pci-dss certification for data security, professor yunus urges us republican party leaders to visit bangladesh, kaavish to perform in dhaka, asif asks students not to pay heed to provocation, city college declared closed on thursday, prime bank named title sponsor of bangladesh u-17 tour of sri lanka.

Popular Links

• Terms of Use
• Privacy Notice
• Advertisement

Connect With Us