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9 July, 2018 00:00 00 AM / LAST MODIFIED: 8 July, 2018 10:07:19 PM
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ADB’s fund disbursement to be stronger, says Muhith

Finance Minister AMA Muhith yesterday said Asian Development Bank (ADB) has assured that the bank would take steps to accelerate its fund disbursement this year for timely implementation of the ADB-funded projects in Bangladesh.

“You know ADB’s fund disbursement process has become very strong. The ADB hopes that its fund disbursement would be stronger from this year. It disbursed around US$ 1.2 billion last year. The bank is likely to disburse about US$ 2 billion in this fiscal,” he told reporters after a meeting with ADB Country Director for Bangladesh Manmohan Parkash at his secretariat office here.

ADB Board of Directors recently approved a grant of US$ 100 million –the first of an envisaged package totaling US$ 200 million – to help Bangladesh develop basic infrastructure and services for displaced Rohingyas.

Muhith said the ADB is providing the supports from their own resources as it has no option to give big grant.

He expected that the support would help create pressure on Myanmar for taking back their people from Bangladesh.

Talking to reporters, Manmohan Parkash said ADB’s project in this first phase will focus on basic infrastructure and services, including water supply and sanitation, disaster risk management, energy and roads.

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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