BE Magazine

Monthly business magazine
News Snippets
6
News Snippets
ADB to provide around $5bn to Bangladesh for 2020-202
The Asian Development Bank (ADB) will provide around $5 billion to Bangladesh for 2020-2022, aiming to
further strengthen its partnership to promote rapid, inclusive and sustainable growth in Bangladesh. ADB Country
Director for Bangladesh Manmohan Parkash met Prime Minister Sheikh Hasina recently and handed over ADB’s
new Country Operations Business Plan (COBP) for 2020-2022, which programs around $5 billion in firm projects.
ADB in its 46-year-long partnership with Bangladesh has mobilized over $25 billion in loans and grants to help
bring better infrastructure, public services, and social development outcomes to the people of Bangladesh. In 2018
alone, ADB approved a record $2.5 billion for assistance to Bangladesh.
Blue Revolution in Bangladesh
International Food Policy Research Institute (IFPRI) study found
that more than two million Bangladeshis escaped poverty between
2000 and 2010 by engaging themselves with aquaculture. This
Washington-based organization in the book “The Making of a Blue
Revolution in Bangladesh: Enablers, Impacts, and the Path Ahead
for Aquaculture” termed the massive expansion of aquaculture in
Bangladesh was a Blue Revolution.
$500 Infrastructure Fund
Bangladesh Government is planning
to create a $500 million infrastructure
fund supported by the government and
managed by the private sector to fund
the Public-Private Partnership (PPP)
projects. The Public-Private Partnership
Authority under the Prime Minister’s
Office (PMO) has already developed a
pipeline of more than BDT48,700 crore
of PPP projects, in addition to the already
awarded projects worth BDT25,000
crore. The fund will raise long-term
capital from private investors, while
the Government will support the fund’s
structural framework, seed capital,
risk guarantees and regulatory support
including investor incentives.
Monthly business magazine
december, 2019