ERD

$ 19.31mn grant deal with UNDP Thursday

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).

Ministries asked to speed up use of foreign aid

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.

ADB to support renewable energy plan for rural poor

The Asian Development Bank (ADB) will provide US$ 25 subsidy at per solar home systems (SHS) to 80,000 low-income end-users in the rural areas.

IDB to provide $380m for power generation

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.

External debt comes to $23b on public, pvt borrowings

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

Govt seeks over $ 3 billion project assistance from IDB

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.

Govt to sign $75m loan deal with ADB

Aiming expansion of Khulna Water Supply Project

The government will sign an agreement with the ADB today for US $75 million in soft loans to expand reliable access to potable water in Khulna city.

Govt to sit with donors for $4.5b aid support for 28 power projects

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.

ADB provides $23m for cross border transport connectivity

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.

ADB signs $23m deal today

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.

Tk 1,477cr Chinese loan for 3G technology

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.

ADP project aid target set at Tk 188.85b for next fiscal

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.

WB won’t fund two liquid fuel-based power plants

The World Bank has expressed its inability to bankroll Bangladesh's two furnace oil-based power generation projects due to "lack of cost effectiveness".

Procurement issue impedes use of $1.0b Indian credit

Project details sent to lender for clarification

Bangladesh is in a dilemma in implementing projects, using US$1.0 billion Indian credit.

Muhith contests ADB study that excludes BD from Asian top-8

Finance minister AMA Muhith Sunday contested an ADB study that excluded Bangladesh from the list of top drivers of growth in the continent by 2050.

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