Finance Adviser Dr Salehuddin Ahmed. File Photo

DHAKA, May 8, 2025 (BSS) - The Asian Development Bank (ADB) has reaffirmed strong support for Bangladesh's reform agenda, and sustainable growth focusing on development cooperation.

This was expressed in a bilateral meeting this morning between the Finance Adviser of Bangladesh, Dr Salehuddin Ahmed, and the President of the Asian Development Bank, Masato Kanda held in Milan, Italy.

As part of the 58th Annual Meeting of the Asian Development Bank (ADB), the meeting reaffirmed the enduring partnership between Bangladesh and ADB, focusing on development cooperation, policy reforms, and climate resilience in the context of Bangladesh's upcoming graduation from Least Developed Country (LDC) status, said a Finance press release.

Dr Salehuddin Ahmed, conveyed Bangladesh's deep appreciation for ADB's steadfast support across infrastructure, energy, education, health, and climate resilience.

He highlighted the cumulative ADB portfolio in Bangladesh- now totaling USD 32.5 billion, including USD 2.94 billion in FY 2023-24 as a testament to this strong cooperation.

As Bangladesh transitions out of LDC status, the Finance Adviser emphasized the importance of aligning ADB's support with the country's evolving development needs. 

He noted that this moment of transformation is also marked by a significant political shift, led by a historic student movement and a reform-mandated government.

 In this context, he urged ADB to support Bangladesh's ambitious reform agenda, with a focus on governance, transparency, and public service delivery.

Looking ahead, the Finance Adviser proposed deepening ADB's engagement in strategic areas, including: Integrated River Management and a Blue Economy Master Plan, Digital transformation of the health sector, Modernization of tax administration and investment in future-ready education and skills, 

He also highlighted the urgent need for ADB's assistance in sustainable urban development, including smart, climate-resilient cities, enhanced municipal services, and regional urban infrastructure.

On energy, Bangladesh seeks ADB's support in expanding renewable generation and regional energy trade.

"Enhanced concessional support from ADB is not only vital for sustaining Bangladesh's development momentum, but also a strategic investment in regional stability, effective climate action, and inclusive growth," Dr Salehuddin Ahmed added. 

He called for a recalibrated ADB concessional financing approach tailored to the needs of transitioning economies.

Asian Development Bank (ADB) President Masato Kanda highly praised Bangladesh's economic progress and resilience. 

He stated that ADB has placed special importance on Bangladesh since the very beginning. He also mentioned that the issues raised by Bangladesh at this year's Annual Meeting will be taken into serious consideration. 

Emphasizing ADB's continued commitment, he expressed the hope that the Bank will always stand by Bangladesh, as it has from the outset, in supporting the country's social and economic security.