ADB Plans $4.5B Investment in Bangladesh Through 2015

Asian Development Bank President Haruhiko Kuroda. Photo by: ADB / CC BY-NC

The Asian Development Bank will provide $4.5 billion under its new country partnership strategy for Bangladesh.

The 2011-2015 plan focuses on six sectors: energy, transport, urban development, education, agriculture and natural resources, and finance.

It aims to support the Asian’s country’s pursuit to achieve middle-income status within 10 years, according to Mohammad Zahid Hossain, senior country specialist in ADB’s Bangladesh resident mission.

In a statement announcing the new partnership strategy, ADB also pledged additional support for efforts to boost regional cooperation between Bangladesh and its neighbor countries, the Financial Express reports.

ADB said that the new strategy is in line with priorities identified by the Bangladeshi government in its latest five-year development plan.

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    Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.