UNB, Dhaka :
The Asian Development Bank (ADB) has programmed $5.9 billion firm and $5.2 billion standby project assistance for Bangladesh in 2021-2023, to help the country accelerate economic recovery and maintain inclusive growth ,according to the new Country Operations Business Plan (COBP) for Bangladesh.
“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”.
“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 Asian Development Bank (ADB) has programmed $5.9 billion firm and $5.2 billion standby project assistance for Bangladesh in 2021-2023, to help the country accelerate economic recovery and maintain inclusive growth ,according to the new Country Operations Business Plan (COBP) for Bangladesh.
“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”.
“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.
