Wednesday, 29 November, 2023
Wednesday, 29 November, 2023

ADB to continue to stand beside Bangladesh: President Masatsugu

English Desk
  14 Mar 2023, 12:57

Lauding highly the socio-economic progress and capacity of Bangladesh, visiting Asian Development Bank (ADB) president Masatsugu Asakawa on Monday said that the lending agency would continue to stand beside Bangladesh in the coming days like in the past.

The ADB has been continuing to stand beside Bangladesh in its stride towards socio-economic recovery from the pandemic and would continue to support Bangladesh in future also, he said, reports news agency BSS.

The ADB president said this as he met finance minister AHM Mustafa Kamal at a city hotel on Monday, said a finance ministry press release.

The ADB president has been visiting Bangladesh on 12-17 March marking the 50 years partnership of ADB and Bangladesh.

The finance minister lauded the role of ADB as one of the leading development partners since 1973 in the development journey of Bangladesh.

He informed that in the last 50 years, ADB made a commitment of $28.4 billion to Bangladesh of which it made a disbursement of $21.1 billion till date. Bangladesh also made a repayment of $6.5 billion as principal amount during this period.

Kamal said that the outstanding loan of Bangladesh with ADB is now $14.6 billion which is also 24 per cent of the country’s overall foreign loans. Over the last few years, Bangladesh has become the 3rd largest loan recipient country from ADB.

The finance minister apprised the ADB President that Bangladesh has become the 35th largest economy of the world with a GDP size or $460 billion.

Besides, he expressed his belief that Bangladesh would become one of the top 20 economies of the world by 2041.

“Now our goal is to turn Bangladesh into a smart country by 2041 under the dynamic leadership of Prime Minister Sheikh Hasina in line with Vision 2041,” he added.

Mustafa Kamal also expressed his firm belief that the ADB would play an important role in materialising “Smart Bangladesh,” in the coming days.

Bangladesh Bank governor Abdur Rouf Talukder, NBR chairman Abu Hena Md. Rahmatul Muneem, Finance Division senior secretary Fatima Yasmin, Financial Institutions Division secretary Shaikh Md Salim Ullah, ERD secretary Sharifa Khan, ADB’s South Asia Department director general Kenichi Yokoyama, alternate executive director (AED) Azizul Alam, ADB’s country director for Bangladesh Edimon Ginting were present, among others, on the occasion.


  • Latest
  • Popular

Govt to provide Tk 270 cr incentive to 2 lakh overseas returnees

Nomination submission deadline looms at EC

Bangladesh elected Vice President of IMO Assembly

Ranbir Kapoor's 'Animal' to release globally and in Bangladesh on same day

Disease could be bigger killer than bombs in Gaza: WHO

143 Bangladeshis return home from Libya

ADB to give Bangladesh $1 billion loan for five projects

Four detained for spreading misinformation online

Dengue: 4 more die, 959 hospitalised in a day

BNP will be given space if they want to join polls

Bangladesh elected Vice President of IMO Assembly
Bangladesh High Commissioner to the UK Saida Muna Tasneem has been unanimously elected with 150
World must act before climate displacements become humanitarian crisis: PM
Prime Minister Sheikh Hasina today called for international support for the worst-affected countries by climate
Bangladesh candidate Saima voted as new WHO regional director
Bangladesh candidate Saima Wazed has been nominated as World Health Organisation's (WHO) new regional director
WHO publishes first ever guidance on snakebite treatments
The World Health Organization (WHO) has published the first in a series of WHO public-benefit