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ADB to provide $1b annually for Bangladesh's development
Asian Development Bank (ADB) will provide US $1 billion to Bangladesh annually in concessional financing over the next five years. ADB Country Director Hoe Yun Jeong came up with the assurance when he met Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan at the Forest Department...
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...
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...
Masato Kanda elected as ADB president
The Asian Development Bank (ADB) Board of Governors has unanimously elected Masato Kanda as ADBs 11th President. Kanda, 59, currently serves as special advisor to Japans Prime Minister and Minister of Finance. He will assume office on 24 February 2025, succeeding Masatsugu Asakawa, who will...