ADB'S new strategy for Bangladesh earmarks $1.8 billion in loans over 3 years.

Publication: M2 Presswire

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COPYRIGHT 2005 Ingram Investment Ltd.

M2 PRESSWIRE-31 October 2005-ADB: ADB'S new strategy for Bangladesh earmarks $1.8 billion in loans over 3 years(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:31102005

MANILA, PHILIPPINES - In a landmark harmonization initiative, the Asian Development Bank released today a Country Strategy and Program (CSP) for 2006-2010 devised with its development partners to support the Bangladesh Government in its aim of halving poverty and improving human development.

Over its first three years, the CSP proposes loans totaling about $1.8 billion for 15 projects, half of which will be from ADB's concessional lending instrument, the Asian Development Fund. This will be supported by a technical assistance grant program amounting to about $13.8...

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