Press Xpress
  • Home
  • Magazine
  • Geopolitics
  • Politics
  • Election
    • US Election
    • UK Election
    • India Election
  • Diplomacy
  • International
  • STEM
  • More
    • Art & Culture
    • Business
    • CrossBorder
    • Diary
    • Economy
    • Bangladesh
      • Agriculture
    • Interview
    • Security
    • Sports and Entertainment
Press Xpress
  • Home
  • Magazine
  • Geopolitics
  • Politics
  • Election
    • US Election
    • UK Election
    • India Election
  • Diplomacy
  • International
  • STEM
  • More
    • Art & Culture
    • Business
    • CrossBorder
    • Diary
    • Economy
    • Bangladesh
      • Agriculture
    • Interview
    • Security
    • Sports and Entertainment
LOGIN
Wednesday, July 30, 2025
Top Posts
Canada Includes Duty-Free access for Bangladesh till 2034
Is the United States Changing its Tune on Bangladesh?
FAIR POLLS, ELECTION COMMISSION’S OPTIMUM ROLE AND EVM USE
NIGHTMARE RETURNS
No to BNP’s Violence: US Press Sec. Vedant Patel
GLOBAL FOOD SECURITY UPDATE: WHERE DOES BANGLADESH STAND?
Boycotting EC’s Dialogue, BNP Proves Incompetence Again
IMPACT OF EXTERNAL DEBT ON BANGLADESH ECONOMY
AWAMI LEAGUE GENERAL SECRETARY: WHO’S NEXT?
ASHRAYAN PROJECT: A ‘SHEIKH HASINA MODEL’ FOR INCLUSIVE DEVELOPMENT
ROLE OF NGOs: CHARITY OR BUSINESS?
SUBSCRIBE NOW
Press Xpress
Press Xpress
  • Home
  • Magazine
  • Geopolitics
  • Politics
  • Election
    • US Election
    • UK Election
    • India Election
  • Diplomacy
  • International
  • STEM
  • More
    • Art & Culture
    • Business
    • CrossBorder
    • Diary
    • Economy
    • Bangladesh
      • Agriculture
    • Interview
    • Security
    • Sports and Entertainment
SUBSCRIBE NOW LOGIN

© 2022 PressXpress All Right Reserved.
EconomyInFocus

Bangladesh and ADB Celebrated Golden Jubilee of Partnership

by Press Xpress March 15, 2023
written by Press Xpress March 15, 2023
Bangladesh and ADB Celebrated Golden Jubilee of Partnership
Share 0FacebookTwitterPinterestThreadsBlueskyEmail
390

Bangladesh joined ADB in 1973 and was the first member to host an ADB field office in 1982. A program commemorating the golden jubilee of the partnership between Bangladesh and the Asian Development Bank (ADB) was held on Tuesday at the Hotel Intercontinental in Dhaka led by Bangladesh Prime Minister Sheikh Hasina and ADB President Masatsugu Asakawa. Prime minister Sheikh Hasina addressed the program as the chief guest.

During the discussion, Sheikh Hasina stated that Bangladesh places a strong emphasis on education, skill development, and infrastructure, and is seeking more cooperation for various projects. “I consider ADB as one of the most trusted development partners of Bangladesh, and request strategic focus on skills development, health, ICT-based entrepreneurship, quality infrastructure, and climate change, while helping unleash the potentials of the private sector,” she remarked.

YOU CAN ALSO READ: THE RISE AND FALL OF INDIAN TYCOONS WHAT’S NEXT FOR ADANI’S BELEAGUERED BUSINESS EMPIRE?

Regarding stipends and midday food programs for schoolchildren, she encouraged the ADB to cooperate in this regard.  She thanked ADB for supporting Bangladesh’s economic development and sticking with the country even when circumstances were challenging.

PM appreciates ADB and urges for soft loans

“On 50 years of partnership, the Government of Bangladesh conveys its deep gratitude to ADB for the invaluable and generous support and contribution to our development journey,” said Bangladesh Prime Minister Sheikh Hasina. She said that the ADB’s cooperation has grown three times in the last 15 years, since the Awami League took power in 2009. She added, “We are seeing with pleasure that the ADB always stands beside Bangladesh in our bad times with innovative financing and technological support.”

The ADB has mobilized over $50 billion in loans, grants, and technical support, including co-financing, for the country till now. The prime minister expressed appreciation to the ADB for its assistance in the form of $2.29 billion during the Covid-19 outbreak to deal with health crises and $230 million to recover from the effects of the flood in Bangladesh’s northwestern region. She continued, “The relations between Bangladesh and the IMF will be more strengthened in the days to come.”

Prime Minister Sheikh Hasina has also asked development partners to focus on providing soft loans till the global economy recovers from the Russia-Ukraine war-induced economic crisis.

“It is necessary to continue giving soft loans till the global economy goes back to normalcy. The organizations and the developed countries would have to give special focus on it,” she stated.

“We want our due rights from the global partners”

Sheikh Hasina highlighted her deep concern over the tendency of development partners increasing interest rates on loans even in the global crisis for Russia-Ukraine war, economic sanctions, and counter sanctions, which usually makes the financing in development projects ineffective. She stated, “We do not want kindness from anyone, rather we want our due rights from global partners.” The prime minister also addressed her concern over the imposition of many unneeded limitations by business partners, stating, “It (restrictions) sends our economies in danger”.  

In the current global situation, she urged the IMF to provide flexible and innovative funding for speeding the development of skills, health, ICT, infrastructure, climate change, and human resources.

ADB chief applauds Bangladesh’s macroeconomic management

“ADB will continue to work more closely with Bangladesh. This partnership will be strengthened further in the days to come,” said Masatsugu Asakawa, the ADB chief. He stated that ADB would accompany Bangladesh on its road towards becoming an upper middle-income nation by 2031 and a developed, rich and intelligent nation by 2041.

The ADB chief praised Bangladesh’s macroeconomic management in the backdrop of the Covid-19 outbreak and Russia-Ukraine war, as well as the country’s strong socioeconomic development under the leadership of Prime Minister Sheikh Hasina. He lauded Bangladesh for successfully balancing lives and livelihoods while combating the Covid-19 outbreak.

“I have witnessed the many ways Bangladesh has been transformed through steady and inclusive economic growth with vibrant private sector engagement over the past decade and a half,” said Mr. Asakawa. “ADB stands ready to support Bangladesh in a bigger way on this path to a more prosperous, inclusive, resilient, and sustainable future, enhancing our assistance in climate change adaptation and mitigation, and critical economic reforms to diversify the economy and mobilizing more domestic resources,” he added.

Finance Minister AHM Mustafa Kamal, PM’s Principal Secretary M. Tofazzel Hossain Miah, Senior Secretary of Finance Division Fatima Yasmin, ERD Secretary Sharifa Khan and Country Director of Asian Development Bank to Bangladesh Edimon Ginting were present. A video documentary detailing the history of relations between Bangladesh and the ADB and the country’s development over the past half century and more recently was also shown.

Print Friendly, PDF & Email
Avatar photo
Press Xpress

Expressing news & enlightening thoughts through neutral, clear and concise narration and beyond. All in a single platform.

previous post
Is BNP Becoming a Foreign-Lobby Oriented Party?
next post
Will Russia Sanctions Weaken Dollar?

You may also like

Bangladesh’s Investment Illusion: The $700M Gamble That MayBackfire

May 31, 2025

Navigating Turbulence are the New Face of Global...

May 16, 2025

UK Eyes Control of €200B in Frozen Russian...

May 15, 2025

Ways of US Economy Shrinks Amid Trade War...

May 1, 2025

Cambodia Confronts Trade Dilemma Amid Rising US-China Rivalry

April 26, 2025

How Can Europe Afford Its Defense? Rethinking Climate...

March 22, 2025

Recent Posts

  • NCP’s ‘March to Gopalganj’: State’s  80 Crore Taka Questioned

    July 26, 2025
  • Bangladesh Security Forces Accused of Brutality Amid Student Protests Over Crash Casualties

    July 22, 2025
  • From the Sky Came Fire: Bangladesh Military’s Shameful Role in Milestone School Tragedy

    July 22, 2025
  • Air Force Training Aircraft Jet Crashes into Milestone College Campus in Dhaka, Many Feared Dead

    July 21, 2025
  • GOPALGANJ MASSACRE: A Nation Bleeds While a Regime Consolidates Power

    July 19, 2025

Newsletter

Subscribe PressXpress Newsletter for new posts, tips & new photos. Let's stay updated!

Contact

  • Business Centre, Sharjah Publishing City Free Zone, Sharjah, United Arab Emirates
  • Email: info@pressxpress.org
    px.pressxpress@gmail.com
  • Support: contact@pressxpress.org

Press Xpress

  • About Us
  • Contact
  • Advertise With Us

Privacy

  • Privacy Policy
  • Terms of Use
  • Register New Account
© 2024 Press Xpress All Right Reserved.
Facebook Twitter Instagram Linkedin Youtube
Press Xpress
  • Home