Asian Development Bank
No more loans in the name of grants
Bangladesh ranks seventh among the top 10 countries most affected by climate change. The increasing global temperature is leading to more frequent occurrences of sudden floods, landslides, heatwaves, and droughts in Bangladesh. Researchers argue that the primary cause of climate change is the release of carbon dioxide by industrialized nations over the past two centuries. Despite their promises, these developed countries are not fulfilling their commitment to provide financial assistance to affected and vulnerable nations. Instead of providing grants, they are imposing various conditions on them to provide loans.
ADB allocates $121.55 million for solar power generation in Bangladesh
The Asian Development Bank (ADB) has signed a 121.55 million US dollar financing package with Dynamic Sun Energy Private Limited to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna.
ADB operations reach $23.6b in 2023, achieves record climate finance
The Asian Development Bank (ADB) committed US$23.6 billion from its own resources in 2023, including US$9.8 billion for climate action, to help Asia and the Pacific progress on sustainable development.
ADB grants $71m to Bangladesh for Water Resources Management
The government on Saturday signed a US$71 million loan agreement titled "Loan 4440-BAN: Climate-Resilient Integrated Southwest Project for Water Resources Management" with the Asian Development Bank (ADB) for ensuring climate resilient water resources management.
PM seeks more ADB support for socio-economic development
Prime Minister Sheikh Hasina today sought further robust support from the Asian Development Bank (ADB) to expedite Bangladesh's endeavor for its people's socioeconomic development as ADB Vice President (Sector and Themes) Fatima Yasmin called on her at Ganabhaban in the capital.
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