Asian Development Bank (ADB) is fully committed to long-term partnership with Bangladesh, supporting its sustainable development goal in alignment with the aspirations of its people.
ADB said, "Our collaboration with the interim government will work to ensure the continuation of ongoing projects and support for a more inclusive, resilient and sustainable future for the people of Bangladesh." The ADB said it in a press release on Wednesday.
The press release said a core focus of ADB's work in Bangladesh is on public sector management and governance, which is even more important in the light of recent events. We will continue to work with the interim government toward macro-fiscal sustainability, including a focus on fiscal consolidation and domestic resource mobilization.
A second priority is expansion of private sector development to enhance competitiveness and create new employment opportunities. This includes working with the interim government to streamline government-to-business services to reduce the cost of doing business in Bangladesh.
Climate change is a critical challenge where Bangladeshi communities increasingly suffer from floods, droughts, and intense heat. ADB will help the interim government to build a whole-of-government approach to tackling climate change in its development agenda. This will include support for renewable energy and other initiatives that promote green growth.
Since 1973, ADB has been a trusted development partner of Bangladesh contributing to its progress through 726 public sector loans, grants, and technical assistance, amounting to $31.8 billion. We look forward to continuing this important work with the interim government and the people of Bangladesh." the ADB said.
