Minimal progress, excessive hype
Minimal progress, excessive hype

Despite widespread calls to recover money smuggled out of the country over the years, progress has been minimal. International organizations such as the World Bank, IMF, GFI, and ADB have publicly pledged support, but tangible results remain elusive. To date, the limited progress made has mainly...

Country under $43b pressure
Country under $43b pressure

The governments extensive foreign borrowing for large-scale projects has led to a significant financial burden. While these projects were intended to drive economic growth, the benefits have fallen short of expectations, with the financial liabilities far outweighing the returns. Notably, projects...

ADB to provide $ 600m policy based loan
ADB to provide $ 600m policy based loan

The government has signed an agreement with Asian Development Bank (ADB) for Policy based Loan (PBL). Under the agreement ADB would provide JPY ninety-one billion seven hundred sixty-four million (equivalent to $600 million) to Bangladesh for Strengthening Economic Management and Governance...

ADB approves $600m loan for Bangladesh's economic reforms
ADB approves $600m loan for Bangladesh's economic reforms

The Asian Development Bank (ADB) has approved a $600 million loan for Bangladesh to support crucial economic reformations. The reforms aim to enhance tax collection, improve public investment efficiency, and strengthen the performance of state-owned enterprises. They also seek to foster...

ADB approves $100m more loan for infrastructure development
ADB approves $100m more loan for infrastructure development

The Asian Development Bank (ADB) has approved a $100 million loan in additional financing to support critical infrastructure development through publicprivate partnerships (PPP) in Bangladesh, reports UNB. This project will enable Bangladesh to catalyse private sector financing, reduce pressure...

Four barriers to export disaster
Four barriers to export disaster

Despite the potential for growth in sectors beyond ready-made garments (RMG), many industries remain underdeveloped. Analysts cite policy challenges, funding constraints, lack of infrastructure, and the weak bargaining power of non-garment exporters as key obstacles. As a result, ready-made...

ADB commits $24.3 million for solar power plant in Mymensingh
ADB commits $24.3 million for solar power plant in Mymensingh

The Asian Development Bank (ADB) has signed a financing package worth $24.3 million with Muktagacha Solartech Energy Limited (MSEL) to establish a grid-connected solar photovoltaic power plant in Mymensingh. As the sole mandated lead arranger, the Manila-based financial institution took charge...