Bangladesh and ADB
In the Spotlight
ADB President Takehiko Nakao congratulates Bangladesh for meeting the criteria for least developed country graduation. ADB will keep helping Bangladesh’s continued economic and social progress through supporting railway, water and sewage, electricity, education and health, and promoting reforms.
ADB President Takehiko Nakao committed to further strengthen ADB’s 45-year partnership with the country when he met Bangladesh Prime Minister Sheikh Hasina and other senior officials. ADB's country partnership strategy, 2016-2020, proposes total assistance of $8 billion, 60% up from $5 billion in 2011-2015.
ADB's Board of Directors has approved loans totaling $360 million to buy modern rolling stock and support reform in Bangladesh Railway to help promote a shift from roads to rail.
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)
- Market and Value Chain Infrastructure Development Project
- City Region Development Project II
- Rural Connectivity Improvement Project