Published:  02:19 AM, 11 May 2022

Finance Minister exchanges views with ADB Vice President

Finance Minister exchanges views with ADB Vice President
Finance Minister AHM Mustafa Kamal has sought more development assistance from the Asian Development Bank (ADB) to properly address the challenges of the country's graduation from a least developed country to a developed country. AHM Mustafa Kamal made the plea at a view exchange meeting with the visiting ADB Vice-President (Operations 1) Shixin Chen at The Westin Dhaka on Monday, stated a press release.

The ADB provided a total of US$ 2.2 billion to Bangladesh for the last two years to uplift its economic growth from the pandemic-battered situation along with purchasing Covid-19 vaccines for its people.

Of them, the regional development bank gave one billion US dollars in case of budgetary assistance to Bangladesh, $100 million for Covid-19 response emergency assistance project, US $940 million loan for purchasing Covid-19 vaccines, $9.34 million grant and $150 million for fast economic recovery and skill development of the immigrant workers.AHM Mustafa Kamal thanked ADB for its support to Bangladesh when such assistance was needed for the country to maintain its rising growth amid the challenges of the pandemic-ridden situation. 

Shixin Chen assured AHM Mustafa Kamal that the way the ADB helped Bangladesh for the recovery of the social and economic safety from the pandemic will keep its continuation in future too.AHM Mustafa Kamal paid homage to Father of the Nation Bangabandhu Sheikh Mujibur Rahman and spoke high of the development activities being spearheaded by Bangabandhu's capable daughter Prime Minister Sheikh Hasina.

The meeting was also attended by Bangladesh Bank's Governor Fazle Kabir, Finance Division Senior Secretary Abdur Rouf Talukder, Economic Relations Division (ERD) Secretary Ms. Fatima Yeasmin, ADB Deputy Director General Manmohan Parkash and ADB Country Director Edimon Ginting.
It may be added that ADB prioritizes power sector, water resources, agriculture, local government, education, transportation, energy sector, good governance, financial sector and private sector in terms of cooperating with Bangladesh.

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