ADB’s support for Bangladesh advances climate resilience and socioeconomic recovery from external shocks with a focus on job creation, social protection, and sustainable infrastructure and development.
ADB has approved a $400 million policy-based loan to support the Government of Bangladesh in implementing its National Adaptation Plan, 2023–2050 and Nationally Determined Contributions 2021 Update to the Paris Agreement to achieve a climate-focused inclusive development.
To urgently close the adaptation gap, a new and innovative approach is needed in funding and financing climate change adaptation strategies.
ADB has launched a new initiative to better understand and invest in adaptation to the impacts of heat stress on women and girls across Asia and the Pacific.
ADB has approved a $160 million loan to Bangladesh to help upgrade Dhaka’s power distribution network, enhancing its efficiency and increasing energy supply.
Exports, remittances, and domestic consumption buoyed Bangladesh’s economy in fiscal year (FY) 2022, which ended on 30 June 2022. Gross domestic product growth was at 7.1%, up from 6.9% in FY 2021. Growth, however, was dampened by the global economic slowdown caused by the Russian invasion of Ukraine, which affected Bangladesh’s economy through a widening external balance and rising inflation.
ADB is a key source of external assistance for Bangladesh, providing $2 billion on average every year since 2016. ADB’s assistance is aligned with the country’s Eighth Five-Year Plan, 2021–2025 and the Perspective Plan, 2021–2041.
Plot E-31, Sher-e-Bangla Nagar, Dhaka 1207, Bangladesh, GPO Box No. 2100
Office Hours: 8:00 a.m. to 4:30 p.m. (Sunday to Thursday)
Established in 1982, Bangladesh Resident Mission's primary responsibilities include:
BRM will be closed on these dates:
* = Subject to moon sighting
Last updated: 9 December 2022