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 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...