Agreement between ADB and Bangladesh Government.

Agreement between ADB and Bangladesh Government.

Daily Current Affairs / Agreement between ADB and Bangladesh Government.

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Category : International Published on: October 06 2021

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· The Asian Development Bank (ADB) and the Government of Bangladesh inked a credit deal for USD 400 million for the development of the Dhaka-Sylhet highway in Bangladesh's northeast economic corridor to boost road safety, mobility, and regional trade.

· The USD 400 million is the first installment of a USD 1.78 billion finance facility sanctioned by ADB for the Dhaka-Sylhet Road investment project of the South Asia Subregional Economic Cooperation (SASEC).

· The project is a major component of the South Asia Subregional Economic Cooperation (SASEC) program's Road Corridor No. 5.

Important Facts

About ADB

v Headquarters: Mandaluyong, Philippines

v President: Masatsugu Asakawa

v Founded: 19 December 1966

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