Dhaka, Bangladesh (BBN)– The Government of Bangladesh and Asian Development Bank (ADB) have jointly reviewed ADB-assisted projects of Bangladesh to further improve development results.
Saifuddin Ahmed, Joint Secretary, Economic Relations Division, Ministry of Finance, and Kazuhiko Higuchi, Country Director for ADB’s Bangladesh Resident Mission co-chaired the Tripartite Portfolio Review Meeting on 18 May in the capital Dhaka.
The TPRM discussed the status of ongoing projects, and readiness of the projects in 2016-2017 pipeline, and prioritized actions to achieve targets. Senior government officials, project directors, and ADB staff participated in the meeting.
“The portfolio review is a regular exercise jointly conducted by the Economic Relations Division, project executing agencies and ADB,” said Country Director Kazuhiko Higuchi. “The review intends to help further accelerate project implementation, and achieve better and faster development results.”
As of 31 December 2015, ADB’s cumulative lending to Bangladesh stood at $17.2 billion for 259 loans, $244.55 million for 411 technical assistance projects, and $787.10 million for 35 grants.
As of 10 May 2016, ADB’s projects under implementation for Bangladesh comprise 82 loans and grants amounting to $6 billion; and 28 technical assistance projects amounting at $29.4 million.
In Bangladesh, ADB is supporting energy and power; transport; water and urban/municipal infrastructure and services; education; finance; and agriculture, natural resources, and rural development. In 2015, ADB approved loans, totaling $1,155 million, for Bangladesh.