Trending News: Bangladesh becomes Asia’s 9th largest economySoybean: A powerhouse of high-quality protein for humans and animals Govt forms taskforce to review BBS data qualityPolice to seek INTERPOL’s help to arrest fugitive officers: IGPUS LNG deals could volatile Bangladesh’s energy market: Experts warnRajshahi’s historic step toward water security6th death anniversary of journalist Mahfuz Ullah observedGas transport from Bhola halted, factory operations disruptedGovt forms 8-member committee to probe nationwide grid failureLatif Shahrear Zahedee appointed to CAVA board of administrationDevelopment must match people’s realities: Dr Selim JahanLoad shedding to remain manageable this summer: Energy AdviserElection delay may hurt investmentPublic servants to enjoy more long breaks in May Good news from artist and director BappyMassive awareness on sustainable public procurement demandedBangladesh to set up three economic zones for chinese investmentYoung scientists can apply for Russian “VYZOV” Award by May 1stWorld Bank slashes FY25 growth forecast to 3.3%Bangladesh signs $100m loan agreement with OFIDTarique urges party unity to strengthen public confidence in BNPADB’s $17b fossil fuel investment endangers Bangladesh: Civil societyBangladesh pays $5m to QatarEnergy LNG, remaining $32m to be cleared tomorrowKorea to provide $6.26m loan to Bangladesh, deal signedTax evasion surpasses Tk2.26 Lakh Cr in 2023: CPDBIDA, Police reaffirm commitment to protect foreign investors amid unrestGas dues slashed to $240m from $750m Since AugustNew proposal sparks debate: BNP opposes two-term cap on Prime MinisterFDI falls to $1.27b in 2024 amid political upheaval, lowest in five yearsProf Yunus urges immediate action on local govt reform recommendationsElection commission extends deadline for political party registration to June 22Mirza Fakhrul stresses need for political unity amid national instabilityUrgent need to shift from costly LNG to rooftop solar: BERC Chief Jalal AhmedEmpowering Rural Women: National validation workshop highlights findings and action planTeesta project still at policy stage, feasibility study needed: Planning AdviserGovt to drill two deep wells in Titas and Bakhrabad to boost gas supplyFrom $3.2b to $800m, Isn’t that a sign of change?: RizwanaBangladesh’s interim govt to unveil FY26 budget on June 2Bangladesh signs €5m grant deal with IOM to enhance migration management, reintegrationSoybean oil price increased by Tk14 per litreGas metering goes smart: Titas to start installations in 2026Another Russian nuclear icebreaker starts its regular voyage in NSRBPPA takes public procurement talks to Charfesson, 255km from DhakaGas price hike becomes major barrier for new entrepreneursNational Revolutionary Council thanks govt for reinstating ‘Except Israel’ on passportRepatriation of 180,000 Rohingya “Not False,” could be higher: Khalilur RahmanGas prices hiked for new industrial and captive usersGovt emphasizes reforms in public procurementCourt issues arrest warrants for Hasina, Rehana, Tulip, and Azmina in purbachal plot corruption case‘March for Gaza’: Massive Dhaka rally urges muslim nations to cut ties with IsraelPower supply resumes partially from Adani plant after 17-hrs haltA Hilsa from Padma River sold for Tk 8,500 ahead of Bengali New YearRosatom presents its vision on development of the Northern Sea RouteThousands rally at Dhaka’s baitul mukarram mosque in support of PalestineGlobal Climate Strike: Youth demand revision of fossil-fuel dependent national energy master plan (IEPMP), and urges fair share of climate finance Bangladesh Investment Summit attracts strong foreign interest, boosting key sectorsBangladesh sets sights on top spot in global apparel exports: Korean EPZ founder at Investment SummitBPPA holds e-GP orientation for tenderers at upazilla levelDonald Trump hits 90-day pause on tariffs for ‘most nations’ but increases China’s levies to 125%ADB projects Bangladesh’s economic recovery by 2026 amidst macroeconomic challengesKorean-funded UNFPA Project reaches 80,000 Rohingya girls and women to combat child marriageFaiz Ahmad requests postponement of ‘March for Gaza’ by one weekGovt plans to merge troubled Islamic banks into two larger ones: BB GovernorEU investors show strong interest in Bangladesh’s renewable energy sectorADB projects 3.9% GDP growth for Bangladesh in FY25 amid economic challengesShopUp and Sary merge to form SILQ with $110m Saudi and US investmentBangladesh’s strong economic fundamentals open doors for investment: World BankBangladesh signs historic Artemis Accords with NASA, aiming for space exploration within 20yrsBangladesh Human Rights Council demands accountability for death of Hriday from July uprisingProtest against excelerate energy’s LNG deal, president Cobos told to ‘Go Back’Food inflation drops to 8.93% in March, general inflation risesGovt prioritizes making public procurement time-befitting Consolidation of public-private support urged to address US reciprocal tariff impactForeign investors explore opportunities at Narayanganj Economic Zone5 Bangladeshis awarded at AtomSkills championship in RussiaFarewell to renowned leader of BNP: A tribute to memory of Shehab Uddin BhuiyanBangladesh condemns israeli aggression in GazaSamsung abandoned $22b investment in Bangladesh due to land issues: Bida ChairmanGlobal leaders call for action to end preventable maternal deaths on World Health DayCA requests Trump to delay new tariff regime for three monthsBangladesh condemns Israel’s mass killing in GazaBangladesh’s startup ecosystem flourishes with $1B raised so farBangladesh protests against Israeli attacks on Gaza, students and institutions rally for Palestinian rightsBNP-Jamaat’s potential candidates active in the five constituencies of ChandpurBangladesh hits record $3.29b remittance in MarchRecord remittance raises reserve to $ 25.6bBangladesh to send two letters to US on tariff issue in 48hrs: Shafiqul AlamLPG prices remain unchanged in AprilBusinessmen, economists urge govt to understand US intentions before addressing tariff issueIMF acknowledges Bangladesh’s economic stability, raises key concerns: Finance AdviserRuppur Nuclear Power Plant Project to undergo urgent inspectionAdani power resumes full electricity supply to Bangladesh after payment resumptionGovt to import 2 LNG cargoes from Singapore and UK at a cost of Tk 1,366crGovt to import 50,000 tonnes of rice from India to boost food reservesPresident Shahabuddin hosts Independence and National Day reception and Iftar at BangabhabanPolls to be held between December and June: CAPolice attacked in Moulvibazar extortion case; Two arrestedEsho Gori Foundation distributes eid gifts to underprivileged children in KhilgaonJapan to provide $582m loan for two major projectsRooppur NPP: Turbine installed at the first unit
Wed. Apr 30th, 2025
Trending News: Bangladesh becomes Asia’s 9th largest economySoybean: A powerhouse of high-quality protein for humans and animals Govt forms taskforce to review BBS data qualityPolice to seek INTERPOL’s help to arrest fugitive officers: IGPUS LNG deals could volatile Bangladesh’s energy market: Experts warnRajshahi’s historic step toward water security6th death anniversary of journalist Mahfuz Ullah observedGas transport from Bhola halted, factory operations disruptedGovt forms 8-member committee to probe nationwide grid failureLatif Shahrear Zahedee appointed to CAVA board of administrationDevelopment must match people’s realities: Dr Selim JahanLoad shedding to remain manageable this summer: Energy AdviserElection delay may hurt investmentPublic servants to enjoy more long breaks in May Good news from artist and director BappyMassive awareness on sustainable public procurement demandedBangladesh to set up three economic zones for chinese investmentYoung scientists can apply for Russian “VYZOV” Award by May 1stWorld Bank slashes FY25 growth forecast to 3.3%Bangladesh signs $100m loan agreement with OFIDTarique urges party unity to strengthen public confidence in BNPADB’s $17b fossil fuel investment endangers Bangladesh: Civil societyBangladesh pays $5m to QatarEnergy LNG, remaining $32m to be cleared tomorrowKorea to provide $6.26m loan to Bangladesh, deal signedTax evasion surpasses Tk2.26 Lakh Cr in 2023: CPDBIDA, Police reaffirm commitment to protect foreign investors amid unrestGas dues slashed to $240m from $750m Since AugustNew proposal sparks debate: BNP opposes two-term cap on Prime MinisterFDI falls to $1.27b in 2024 amid political upheaval, lowest in five yearsProf Yunus urges immediate action on local govt reform recommendationsElection commission extends deadline for political party registration to June 22Mirza Fakhrul stresses need for political unity amid national instabilityUrgent need to shift from costly LNG to rooftop solar: BERC Chief Jalal AhmedEmpowering Rural Women: National validation workshop highlights findings and action planTeesta project still at policy stage, feasibility study needed: Planning AdviserGovt to drill two deep wells in Titas and Bakhrabad to boost gas supplyFrom $3.2b to $800m, Isn’t that a sign of change?: RizwanaBangladesh’s interim govt to unveil FY26 budget on June 2Bangladesh signs €5m grant deal with IOM to enhance migration management, reintegrationSoybean oil price increased by Tk14 per litreGas metering goes smart: Titas to start installations in 2026Another Russian nuclear icebreaker starts its regular voyage in NSRBPPA takes public procurement talks to Charfesson, 255km from DhakaGas price hike becomes major barrier for new entrepreneursNational Revolutionary Council thanks govt for reinstating ‘Except Israel’ on passportRepatriation of 180,000 Rohingya “Not False,” could be higher: Khalilur RahmanGas prices hiked for new industrial and captive usersGovt emphasizes reforms in public procurementCourt issues arrest warrants for Hasina, Rehana, Tulip, and Azmina in purbachal plot corruption case‘March for Gaza’: Massive Dhaka rally urges muslim nations to cut ties with IsraelPower supply resumes partially from Adani plant after 17-hrs haltA Hilsa from Padma River sold for Tk 8,500 ahead of Bengali New YearRosatom presents its vision on development of the Northern Sea RouteThousands rally at Dhaka’s baitul mukarram mosque in support of PalestineGlobal Climate Strike: Youth demand revision of fossil-fuel dependent national energy master plan (IEPMP), and urges fair share of climate finance Bangladesh Investment Summit attracts strong foreign interest, boosting key sectorsBangladesh sets sights on top spot in global apparel exports: Korean EPZ founder at Investment SummitBPPA holds e-GP orientation for tenderers at upazilla levelDonald Trump hits 90-day pause on tariffs for ‘most nations’ but increases China’s levies to 125%ADB projects Bangladesh’s economic recovery by 2026 amidst macroeconomic challengesKorean-funded UNFPA Project reaches 80,000 Rohingya girls and women to combat child marriageFaiz Ahmad requests postponement of ‘March for Gaza’ by one weekGovt plans to merge troubled Islamic banks into two larger ones: BB GovernorEU investors show strong interest in Bangladesh’s renewable energy sectorADB projects 3.9% GDP growth for Bangladesh in FY25 amid economic challengesShopUp and Sary merge to form SILQ with $110m Saudi and US investmentBangladesh’s strong economic fundamentals open doors for investment: World BankBangladesh signs historic Artemis Accords with NASA, aiming for space exploration within 20yrsBangladesh Human Rights Council demands accountability for death of Hriday from July uprisingProtest against excelerate energy’s LNG deal, president Cobos told to ‘Go Back’Food inflation drops to 8.93% in March, general inflation risesGovt prioritizes making public procurement time-befitting Consolidation of public-private support urged to address US reciprocal tariff impactForeign investors explore opportunities at Narayanganj Economic Zone5 Bangladeshis awarded at AtomSkills championship in RussiaFarewell to renowned leader of BNP: A tribute to memory of Shehab Uddin BhuiyanBangladesh condemns israeli aggression in GazaSamsung abandoned $22b investment in Bangladesh due to land issues: Bida ChairmanGlobal leaders call for action to end preventable maternal deaths on World Health DayCA requests Trump to delay new tariff regime for three monthsBangladesh condemns Israel’s mass killing in GazaBangladesh’s startup ecosystem flourishes with $1B raised so farBangladesh protests against Israeli attacks on Gaza, students and institutions rally for Palestinian rightsBNP-Jamaat’s potential candidates active in the five constituencies of ChandpurBangladesh hits record $3.29b remittance in MarchRecord remittance raises reserve to $ 25.6bBangladesh to send two letters to US on tariff issue in 48hrs: Shafiqul AlamLPG prices remain unchanged in AprilBusinessmen, economists urge govt to understand US intentions before addressing tariff issueIMF acknowledges Bangladesh’s economic stability, raises key concerns: Finance AdviserRuppur Nuclear Power Plant Project to undergo urgent inspectionAdani power resumes full electricity supply to Bangladesh after payment resumptionGovt to import 2 LNG cargoes from Singapore and UK at a cost of Tk 1,366crGovt to import 50,000 tonnes of rice from India to boost food reservesPresident Shahabuddin hosts Independence and National Day reception and Iftar at BangabhabanPolls to be held between December and June: CAPolice attacked in Moulvibazar extortion case; Two arrestedEsho Gori Foundation distributes eid gifts to underprivileged children in KhilgaonJapan to provide $582m loan for two major projectsRooppur NPP: Turbine installed at the first unit
Wed. Apr 30th, 2025

ADB to provide $100m loan for infrastructure development

The Asian Development Bank (ADB) will provide a $100 million loan to Bangladesh for infrastructure development.

The Government of Bangladesh (GoB) and the Asian Development Bank (ADB) signed a $100 million loan agreement on Thursday to support the Strengthening Bangladesh Infrastructure Finance Fund Limited Project-Additional Financing.

The signing ceremony took place in Dhaka, with Md Shahriar Kader Siddiky, Secretary of the Economic Relations Division (ERD), and Hoe Yun Jeong, ADB’s Country Director for Bangladesh, representing the GoB and ADB, respectively. Senior officials from both the government and ADB attended the event.

The project, which will run from 2024 to 2029, aims to boost commercial financing for public-private partnership (PPP) projects in infrastructure. The Bangladesh Infrastructure Finance Fund Limited (BIFFL) will manage the project, with support from the Finance Division.

The $100 million loan is provided by ADB’s Ordinary Capital Resources (OCR-Regular) and will be repaid over 25 years with a 5-year grace period. The interest rate is based on SOFR + 0.50%, plus a 0.10% maturity premium.

Since becoming a member of ADB in 1973, Bangladesh has received over $31.8 billion in loans and $571 million in grants from ADB, focusing on various sectors such as power, energy, transport, education, and healthcare.

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