Bangladesh and ADB
In the Spotlight
The Government of Bangladesh has signed a concession contract with a consortium of companies from the People’s Republic of China to upgrade the Dhaka Bypass under a public–private partnership (PPP) arrangement.
The new Country Operations Business Plan (COBP) focuses on the country partnership strategy’s five priority investment areas: (i) easing infrastructure constraints, (ii) improving human capital, (iii) promoting economic corridor development, (iv) improving rural livelihoods, and (v) providing climate- and disaster-resilient infrastructure and services.
ADB has been contributing to economic development and reforms in Bangladesh, with a cumulative assistance of 265 loans and 419 technical assistance projects as of December 2016.
From 1990 to 2015, Bangladesh halved its incidence of poverty—meeting one of its core Millennium Development Goals—and gained lower-middle-income status in 2015. The country’s economic growth has been robust over the past decade, and was almost double the global average in the fiscal year that ended on 30 June 2015.
In 2015, the Government of Bangladesh developed its Seventh Five-Year Plan. The plan covers FY2016–FY2020 and aims for Bangladesh to reach the middle-income level by 2021.
In recent years, ADB development efforts in Bangladesh have focused on energy security, transport services and connectivity, education and skills development, water resources management, urban infrastructure, and finance.
Bangladesh is a member of the South Asia Subregional Economic Cooperation (SASEC) program.
Projects in Bangladesh
- Third Public-Private Infrastructure Development Facility-Tranche 2
- Regional Power Generation and Transmission Project (formerly Energy Efficiency Improvement Project II)
- Second City Region Development Project
- South Asia Subregional Economic Cooperation Chittagong Port Enhancement Project, Phase 1
- Dhaka Metro Project