The Asian Development Bank has programmed $5.9 billion firm and $5.2 billion standby project assistance for Bangladesh in 2021-2023, according to the new Country Operations Business Plan 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,” ADB Country Director for Bangladesh Manmohan Parkash said in a statement on Thursday.

“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, Parkash said, “ADB will increase its support for private sector, public-private partnership projects and help with bond market development”.

https://bdnews24.com/economy/2020/08/27/adb-unveils-11bn-lending-plan-for-bangladesh-over-3-years