Sohel Parvez

On a two-day visit to Dhaka from May 24, the ADB chief met with the prime minister and finance minister

Finance minister says

Finance minister says

ADB forecasts

The study on GVCs, growth, and inequality was released yesterday

The Manila-based lender downgrades growth projection for Asia and Pacific, including South Asia

"And meanwhile, really think about opportunities to upgrade,” Park said

The Asian Development Bank (ADB) expects that there will be a “significant growth in demand” from the private sector for its investment services in Bangladesh, a senior official said.

Bangladesh earlier sought $1 billion from the Manila-based lender to shield its economy from global shocks triggered by the US-Israel war on Iran

Finance minister makes the plea at ADB annual meeting

The 59th annual meeting of the Board of Governors of the Asian Development Bank (ADB) opened yesterday, with its President Masato Kanda urging countries in Asia and the Pacific to “act together to develop together” through stronger cross-border connections to secure the next generation’s future.

Finance minister made the call at a session of the 59th annual meeting of ADB

Last year, the ADB provided $29.3 billion in financial support to the region while implementing reforms to deliver assistance more quickly and at scale

Economies with low diversification will face challenges in coming out of the middle-income trap, said the head of the Asian Development Bank Institute (ADBI) yesterday.

Bangladesh is expected to play an important role in linking South Asia and Southeast Asia, particularly in power grids

From early pilot schemes in Feni and Kutubdia to Sirajganj initiatives, Bangladesh’s wind power is maturing

The United States has become Bangladesh’s top soybean supplier, as private importers increased purchases under a reciprocal trade deal and US prices eased earlier in the year when Chinese demand briefly slowed.

When the United States and Israel launched attacks on Iran on February 28, the first signs of trouble in Bangladesh were felt at airports. Flights to several Middle Eastern destinations were suspended, leaving migrant workers stranded and creating chaos at Dhaka airport.

In a bid to secure supply, the government has confirmed the purchase of seven LNG cargoes from the spot market since the beginning of the US-Israel war on Iran

Credit growth to the private sector has been staying around 6 percent as businesses continue to be shy about taking on fresh projects amid economic uncertainty.