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.
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.
This book celebrates the 50-year partnership between Bangladesh and ADB and explores how they have worked together to reduce poverty, develop the country’s rural and private sectors, and target inclusive, sustainable development.
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.
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Established in 1982, Bangladesh Resident Mission's primary responsibilities include:
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Last updated: 9 December 2022