Life is set to get tougher for the poor and the low-income people as the Asian Development Bank yesterday projected that inflation in Bangladesh would average 6.7 percent this fiscal year, up from 6.2 percent in fiscal 2021-22.

The Asian Development Bank (ADB) is working to hand over $2 billion in loan assistance to Bangladesh by the current fiscal year, ADB Country Director Edimon Ginting said today.

The Asian Development Bank would be providing $9.05 billion over the next three years, up 84.7 percent from the preceding three years, as the Manila-based lender is mobilising greater resources to prepare the country well for graduation from the LDC bracket in 2026.

Bangladesh’s use of foreign assistance reached a new record high of $10 billion in fiscal year 2021-22, primarily behind vaccinations, one-time budget support, economic recovery from the pandemic and implementation of mega projects.

The Asian Development Bank (ADB) will provide a $143 million policy-based loan to Bangladesh to improve the volume, efficiency, predictability, and security of cross-border trade in the country.

The Asian Development Bank (ADB) will prioritise its assistance to Bangladesh for graduation from LDC, climate change and sustainable development goals.

Debt servicing has become a rising concern for developing countries in recent times.

The Asian Development Bank is providing $1.78 billion in loans to Bangladesh under the multi-tranche financing facilities, making it the highest proposed financing from the Manila-based lender against any single project.

The Asian Development Bank (ADB) has approved a $50 million loan to help restore the economic activities of microenterprises severely affected by coronavirus pandemic in Bangladesh.

The Asian Development Bank (ADB) and Bangladesh government today signed agreements for $50 million in loan to promote, fund, and implement public-private partnership (PPP) infrastructure projects in the country.

The Asian Development Bank (ADB) has approved additional $3 million in grant assistance for procuring urgently needed medical supplies for emergency response to the coronavirus pandemic in Bangladesh.

Bangladesh’s GDP is expected to grow by 4.5 percent in FY2020 and 7.5 percent in FY2021, the Asian Development Bank (ADB) has said in a report of Asian Development Outlook (ADO) 2020 Supplement.

The Asian Development Bank (ADB) has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh, connecting the rural population to agricultural development zones.

The Asian Development Bank (ADB) is providing a grant of $231,178 to augment novel coronavirus disease related facilities in 134 urban primary health centres, called Nogor Swastho Kendro, across the country.

The Asian Development Bank (ADB) approves an additional $500 million loan to strengthen the Bangladesh government’s efforts to manage the impact of coronavirus pandemic on the country’s economy and public health.

Asian Development Bank (ADB) approves a $100 million loan to support Bangladesh government in its efforts to address the immediate public health requirements of combating the coronavirus pandemic.

Asian Development Bank (ADB) commits $600 million to support Bangladesh in facing challenges presented by the coronavirus outbreak.

The Asian Development Bank tripled the size of its response to the novel coronavirus disease pandemic to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance.

The Asian Development Bank (ADB) has provided $1.3 million financial assistance to avoid trainees from dropping out under the Skills for Employment Investment Program (SEIP).

Dhaka-Sylhet multilane and modern highway project might be delayed with fund diversion by the Asian Development Bank (ADB) if the project is not approved by June this year, an informed official says.