ADB, Bangladesh plan over $1b annual investments

Bangladesh and the Asian Development Bank (ADB) have identified an annual investment pipeline of more than $1 billion to implement the Integrated Growth Network Development (IGND) economic corridor plan.

The issue came up during a five-day visit by Yingming Yang, ADB Vice-President for South, Central, and West Asia, who concluded the trip yesterday, according to a press release.

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“Bangladesh is entering an important phase of its development journey, with a growing need to strengthen competitiveness, mobilise private investment, and build resilience,” Yang said.

As a government-led initiative, IGND provides a framework for aligning reforms, investments, and institutions to unlock opportunities across regions, strengthen connectivity and productivity, and support Bangladesh’s long-term growth ambitions, he said.