The government will sign a grant assistance deal with the United Nations Development Programme (UNDP) for $ 19.31 million or Tk 144.45 crore to implement the Upazila Governance Project (UZGP).
The finance ministry has sent an alert letter to secretaries of all ministries and divisions in the backdrop of their failure to use huge accumulated foreign aid.
The Islamic Development Bank (IDB) has sent the final confirmation letter to the Economic Relation Division (ERD) for providing a loan of $ 380 million to boost up the country’s power generation capabilities, ERD sources said.
The country's total external debt stood at nearly US$ 23 billion as the public and private sectors had borrowed money to improve the country's weak infrastructure, eliminate poverty and upgrade industrial and service sectors, officials said Saturday
The government has submitted project assistance proposals to the Islamic Development Bank seeking over US$ 3 billion under the bank’s upcoming three-year work programme (2012-2014) for Bangladesh.
The government will soon sit with foreign donors to seek funds for electricity generation and supply as the power division needs US$ 6.32 billion investments for 28 projects in power sector.
Projects aim to accelerate growth, link with S Asia
ADB will provide US$ 23 million to Bangladesh to help roll out the cross border transport connectivity projects to accelerate growth and stimulate economic activity across South Asia and beyond.
Bangladesh and ADB will sign a $23 million technical assistance loan agreement today to upgrade the country's land transport infrastructure to increase sub-regional trade.
The government is going to receive a suppliers’ credit of Tk 1,477 crore with tough conditions from China for introducing third generation (3G) technology.
The government has set Tk 188.85 billion project aid target for ADP in the next fiscal 2011-12 to fix the country's rickety infrastructure and cut poverty.
The World Bank has expressed its inability to bankroll Bangladesh's two furnace oil-based power generation projects due to "lack of cost effectiveness".
