Latest news with #ADB
&w=3840&q=100)
Business Standard
10 hours ago
- Business
- Business Standard
ADB, World Bank clear $1.5 bn loans to Bangladesh for reforms, climate push
The Asian Development Bank and the World Bank have approved loans worth $1.5 billion to help Bangladesh reform its banking sector, fight climate change among other projects, according to a media report on Friday. The Asian Development Bank (ADB) approved a $900 million loan, of which $500 million will support efforts to stabilise and reform the country's banking sector, while the remaining $400 million will promote climate-resilient and inclusive development initiatives, The Daily Star newspaper reported. The $500 million policy-based loan aims to strengthen governance, asset quality and stability within Bangladesh's banking system, the ADB said in a statement on Thursday. Separately, the ADB also approved a $400 million loan for the second phase of the Climate-Resilient Inclusive Development Programme (CRIDP) aimed at supporting Bangladesh's efforts to adapt to climate change, cut emissions and foster inclusive economic growth. Also on Thursday, the World Bank (WB) approved $640 million for two projects aimed at enhancing gas supply and improving air quality in Bangladesh. With the ADB and WB approvals, Bangladesh is set to receive more than $1.5 billion -- a development that will ease the continued strain on its foreign currency reserves.
The Hindu
10 hours ago
- Business
- The Hindu
ADB, World Bank approve loans worth $1.5 billion to Bangladesh
The Asian Development Bank (ADB) and the World Bank (WB) have approved loans worth $1.5 billion to help Bangladesh reform its banking sector, fight climate change among other projects, according to a media report on Friday (June 20, 2025.) The Asian Development Bank (ADB) approved a $900 million loan, of which $500 million will support efforts to stabilise and reform the country's banking sector, while the remaining $400 million will promote climate-resilient and inclusive development initiatives, The Daily Star newspaper reported. 'The $500 million policy-based loan aims to strengthen governance, asset quality and stability within Bangladesh's banking system,' the ADB said in a statement on Thursday (June 19, 2025). Separately, the ADB also approved a $400 million loan for the second phase of the Climate-Resilient Inclusive Development Programme (CRIDP) aimed at supporting Bangladesh's efforts to adapt to climate change, cut emissions and foster inclusive economic growth. Bangladesh wanted good ties with India, but 'something always went wrong': Yunus Also on Thursday (June 19, 2025), the World Bank (WB) approved $640 million for two projects aimed at enhancing gas supply and improving air quality in Bangladesh. With the ADB and WB approvals, Bangladesh is set to receive more than $1.5 billion — a development that will ease the continued strain on its foreign currency reserves.
Time of India
11 hours ago
- Business
- Time of India
ADB, World Bank approve loans worth USD 1.5 billion to Bangladesh
The Asian Development Bank and the World Bank have approved loans worth USD 1.5 billion to help Bangladesh reform its banking sector, fight climate change among other projects, according to a media report on Friday. The Asian Development Bank (ADB) approved a USD 900 million loan, of which USD 500 million will support efforts to stabilise and reform the country's banking sector, while the remaining USD 400 million will promote climate-resilient and inclusive development initiatives, The Daily Star newspaper reported. The USD 500 million policy-based loan aims to strengthen governance, asset quality and stability within Bangladesh's banking system, the ADB said in a statement on Thursday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Separately, the ADB also approved a USD 400 million loan for the second phase of the Climate-Resilient Inclusive Development Programme (CRIDP) aimed at supporting Bangladesh's efforts to adapt to climate change, cut emissions and foster inclusive economic growth. Also on Thursday, the World Bank (WB) approved USD 640 million for two projects aimed at enhancing gas supply and improving air quality in Bangladesh. Live Events With the ADB and WB approvals, Bangladesh is set to receive more than USD 1.5 billion -- a development that will ease the continued strain on its foreign currency reserves.
The Star
13 hours ago
- Business
- The Star
ADB approves US$100 million aid package for Myanmar
The 7.7 magnitude earthquake in March killed more than 3,700 people, flattened communities and crippled infrastructure. - AFP MANILA: The Asian Development Bank has approved a US$100 million grant for Myanmar for emergency shelters, food and other essential supplies following a devastating earthquake that struck the country earlier this year. The 7.7 magnitude earthquake in March killed more than 3,700 people, flattened communities and crippled infrastructure in the impoverished South-East Asian nation. "This $100 million aid package, ADB's largest grant for the people of Myanmar, will deliver food, water, shelter, and medical care to families in desperate need, while also supporting long-term livelihoods, jobs, and community resilience," ADB President Masato Kanda said in a statement. Myanmar has been ravaged by conflict since a 2021 military coup triggered a protest movement that has evolved into a nationwide civil war. The ADB said the funds, drawn from its Asian Development Fund, will cover emergency shelters, water and sanitation services, food, essential health supplies for women and trauma counselling. - Reuters
Scoop
13 hours ago
- Health
- Scoop
Tonga's Health System Hit By Cyberattack
A team of Australian cyber experts flew to Tonga this week after the country's National Health Information System was breached, leading to a demand for payment from the hackers. Talanoa O Tonga reports the Health Minister Dr Ana Akauola saying the system has been shut down, and staff are handling data manually. Dr Akauola said that hackers encrypted the system and demanded payment, but she has assured MPs "the hackers won't damage the information" on the system. This system was introduced in 2019 with Asian Development Bank (ADB) support to digitise Tonga's health records before going "live" in 2021. Police Minister Paula Piukala was critical of past governments for ignoring warnings that Tonga's digital infrastructure is not fully prepared for these threats. Journalist Sifa Pomana said the hackers are demanding millions of dollars, according to Tonga Police. Residents are being urged to bring essential records to the hospital to help with manual record-keeping.
