Milan: The Asian Development Bank (ADB) has reaffirmed its support for Bangladesh’s reform agenda and sustainable growth, focusing on development cooperation. This was expressed in a bilateral meeting between the Finance Adviser of Bangladesh, Dr. Salehuddin Ahmed, and the President of the Asian Development Bank, Masato Kanda, held in Milan, Italy.
According to Bangladesh Sangbad Sangstha, the meeting, part of the 58th Annual Meeting of the ADB, highlighted the enduring partnership between Bangladesh and the ADB. The discussion centered on development cooperation, policy reforms, and climate resilience, particularly in the context of Bangladesh’s upcoming graduation from Least Developed Country (LDC) status.
Dr. Salehuddin Ahmed conveyed Bangladesh’s appreciation for ADB’s steadfast support across various sectors, including infrastructure, energy, education, health, and climate resilience. He noted the cumulative ADB portfolio in Bangladesh, now totaling USD 32.5 billion, with USD 2.94 billion in FY 2023-24, as evidence of 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 transformation is 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, focusing on governance, transparency, and public service delivery.
Looking ahead, the Finance Adviser proposed deepening ADB’s engagement in strategic areas, including integrated river management, 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 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.
Dr. Salehuddin Ahmed called for a recalibrated ADB concessional financing approach tailored to the needs of transitioning economies. ADB President Masato Kanda praised Bangladesh’s economic progress and resilience, stating that ADB has placed special importance on Bangladesh since the beginning. He assured that the issues raised by Bangladesh at this year’s Annual Meeting will be taken into serious consideration, emphasizing ADB’s continued commitment to supporting the country’s social and economic security.