ADB President departs Dhaka

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 DHAKA, Mar 1, 2018 (BSS) – The Asian Development Bank (ADB) President Takehiko Nakao left here today after wrapping up his three-day official visit to Bangladesh.

Nakao left by a flight of Thai Airways around 1:30 pm, an ADB local resident mission official told BSS.

Before his departure, the ADB President visited a green garment factory in Gazipur named Viyellatex Group and see the operations of the factory.

Arriving on Monday night, Nakao spent a busy day on Tuesday inspecting various ADB-supported projects in Bhairab and Ashuganj.

He also met Finance Minister Abul Maal Abdul Muhith on Tuesday.

On the following day on Wednesday, the ADB President met Prime Minister Sheikh Hasina at her official Ganobhaban residence before meeting the press at around 1:00 pm at the ADB’s resident mission.

ADB’s Country Partnership Strategy for Bangladesh proposes total assistance of $8 billion, including for nonsovereign operations, during the period 2016-2020, 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 government efforts, ADB will provide additional resources depending upon need, performance of ongoing projects, and readiness of new projects.

Bangladesh joined ADB in 1973, and in 1982 became the first ADB member to host a field office.

Till date, more than $20 billion from ADB’s loans, grants, and technical assistance have been approved for the country. Approved nonsovereign loans, equity investments, and guarantees have totaled $985.28 million.

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