The Asian Development Bank will provide Bangladesh with $1.4 billion in financing and assistance for four major projects aimed at strengthening economic management, social protection and infrastructure development in the country.
The financing agreement was signed between Bangladesh's Economic Relations Division (ERD) under the Ministry of Finance and the ADB at a ceremony held at a hotel in the capital on Sunday, reports BSS.
Speaking at the event, Finance Minister Amir Khosru Mahmud Chowdhury said the ADB's swift and timely economic response and financing would play a crucial role in implementing the country's development plans amid the adverse global situation stemming from the recent conflict in the Middle East.
"The ADB's prompt support among multilateral development partners is highly commendable," he said, emphasizing that such cooperation would help Bangladesh sustain economic stability and continue its development trajectory. Under the agreement, the $1.4 billion support will be channelled into four projects: the Strengthening Economic Management and Governance Program (Subprogram 2), the Second Strengthening Social Resilience Program (Subprogram 2), the South Asia Subregional Economic Cooperation (SASEC) Dhaka-Sylhet Corridor Road Project, and the Narayanganj Green and Resilient Urban Development Project.
The minister welcomed the ADB President and a high-level delegation, saying an announcement regarding a Nationwide Integrated Development Project would be made during a meeting between the ADB President and the Prime Minister today (May 25).
Deal signed on $1.4b ADB financing for four projects
FE Team | Published: May 24, 2026 23:26:57
Deal signed on $1.4b ADB financing for four projects
Share if you like