Bangladesh, ADB review implementation of assisted projects to boost economic recovery
Sep 16, 2022
Dhaka [Bangladesh], September 16:The Bangladeshi government and the Asian Development Bank (ADB) at a tripartite portfolio review meeting (TPRM) Thursday agreed on actions to further improve the implementation of ADB-assisted projects for accelerating socio-economic recovery.
The TPRM reviewed the progress of actions agreed upon in March 2022, and readiness status of 2022 pipeline projects, while emphasizing the occupational health and safety at workplace.
During the TPRM, 34 selected projects were discussed with 89 issues and over 120 specific time bound actions were agreed upon, said the Manila-based lender in a statement received here Thursday.
It said the ADB's sovereign portfolio in Bangladesh grew to 11.3 billion U.S. dollars as of August 2022, increasing from 6.5 billion dollars in 2015.
Projects worth of 2 billion dollars were committed in 2021, and 2,569 million dollars were disbursed, the highest among the ADB's developing member countries.
The targeted commitment for 2022 is about 2 billion dollars, said the bank.
The ADB operates in Bangladesh in six sectors, including energy, transport, water, urban/municipal infrastructure and services, as well as education, finance, agriculture, natural resources, and rural development.
The cumulative lending to Bangladesh stands at over 48 billion dollars in loans and grants, including co-financing.
Source: Xinhua
