ADB supports Bangladesh's goal of achieving a trillion-dollar economy by 2034.
2 reports, 2 independent
Updated Sep 23
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What happened
ADB supports Bangladesh's goal of achieving a trillion-dollar economy by 2034.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Qingfeng Zhang has been appointed as the ADB's country director for Bangladesh, and the organization approved a $200 million loan for infrastructure modernization.Sub-event
ADB backs Bangladesh's ambitious target of becoming a trillion-dollar economy by 2034.1 source
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The entities involved
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Asian Development Bank
regional development bank
- The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.
- The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.
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Bangladesh
country in South Asia
Related events
- ADB projects growth rates for Pakistan (3.7%), South Asia (6.0%), and Bangladesh (3.7%), while regional tensions drive up costs for fuel and electricity.
- ADB supports India's infrastructure financing needs.
- Bangladesh Bank manages monetary policy in Bangladesh.
- The World Bank and Bangladesh are cooperating on various development projects and aid initiatives.
- The Asian Development Bank assesses the economic outlook for Nepal.