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Business Standard
a day 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
a day 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
a day 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.
New Indian Express
04-06-2025
- Business
- New Indian Express
Mettur dam release will not hit work on bridge across Cauvery, clarifies highways department
TIRUCHY: With the scheduled opening of the Mettur dam hardly a week away, city residents and activists have raised concerns over the ongoing construction of a new bridge across the Cauvery, connecting Mela Chinthamani in the city with Mambala Salai in Sriragam, taking a hit from the river water flow. The new high-level bridge being constructed at an estimate of Rs 106 crore adjacent to the one built in 1976 will be 540 metres long and 17.75 metres wide. It will have 16 spans. The Construction and Maintenance Wing of the state highways department is building the bridge using funds from the Comprehensive Road Infrastructure Development Program (CRIDP). Mentioning the bridge work having been initiated following prolonged demands to ease traffic congestion on the existing one across the Cauvery, P Ayyarappan, coordinator of the Road Users Welfare Committee, said currently, seven of its 15 proposed pillars have only been completed in construction from the Mambala Salai side. With the Cauvery water scheduled to be released from the Mettur dam on June 12, he expressed scepticism over the completion of piling work on the bridge pillars ahead of the river water reaching the district. Each pillar is learnt to require six piles. When contacted, a senior official from the state highways department told TNIE, "We have safeguarded the seven completed pillars by creating temporary sand bunds to divert the water flow towards the southern side. This allows us to continue constructing pier caps on the pillars and placing spans on them. However, the quantum of water flowing in the river will determine whether we can continue the work or will need to suspend it temporarily." Ayyarappan urged the authorities to complete the work at the earliest without compromising on quality.
