Dhaka (TDI): The Asian Development Bank has pledged a $5 billion, five-year financing package to Bangladesh, announced during a visit by the bank’s President, Masato Kanda, to Dhaka on Monday.
Kanda met Prime Minister, Tarique Rahman, to discuss Bangladesh’s development priorities in a visit that highlighted the landmark funding commitment. The announcement marks one of the most significant multilateral financing pledges to the country in recent years.
The package was announced under the Integrated Growth Network Development Initiative and is designed to expand investment, create jobs, improve connectivity, and support economic diversification.
At approximately $1 billion a year, it will be integrated into ADB’s enhanced annual sovereign commitment envelope for Bangladesh.
As part of the visit, ADB signed roughly $1.4 billion in loans under its 2026 annual commitment…
