DHAKA, Feb 28, 2018 (BSS) - Asian Development Bank (ADB) President Takehiko Nakao today pledged to strengthen further ADB's 45-year partnership with Bangladesh and said the bank wants to be an important partner in the country's development strides in the coming years.
"Bangladesh has been making progress and growing in many ways, including in macroeconomic situation and it's also one of the highest growing countries in Asia. ADB wants to be an important partner of Bangladesh," Nakao said in a crowded press conference at ADB local office in the city.
Mentioning that this was his 2nd visit to Bangladesh after the first one in June 2014, the ADB president said over the last four years, there has been very good progress in the macroeconomic situation of the country. The growth has been stable and the reserve is moving up while the inflation is in control, he added.
"The fiscal deficit is also managed. Overall, the country has made very steady progress in terms of growth," he observed.
Nakao said ADB's Country Partnership Strategy for Bangladesh proposes a total assistance of $8 billion, including for nonsovereign operations, during 2016-2020 period, 60 percent up from $5 billion in 2011-2015.
In 2016-2017, ADB approved $2.5 billion in sovereign and $600 million in nonsovereign assistance.
"To support the government efforts, ADB will provide additional resources depending upon need, performance of ongoing projects, and readiness of new projects," he added