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...

Masato Kanda elected as ADB president
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...

Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary
Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary

The Asian Development Bank (ADB) and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday. He made the disclosure during a press conference at the Ministry of Finance, organised...