Sheikh Hasina’s return urgent for Bangladesh’s future: ADB

Asian Development Bank Country Director Edimon Ginting has said Sheikh Hasina’s return as Prime Minister is very much urgent for the good future of Bangladesh.

“For the good future of Bangladesh, her (Sheikh Hasina) return was very much needed,” PM's deputy press secretary K M Shakhawat Moon told reporters quoting the ADB country director as saying.

The meeting was held at the PM's official Ganabhaban residence on Wednesday.

He said that the ADB country director congratulated the Prime Minister for reelecting as the Prime Minister for the fourth consecutive term. “ADB is very much happy,” Edimon Ginting told the Prime Minister.

He mentioned that ADB has been working with Bangladesh as a development partner for long. “We are always ready to do the same in the coming days, and we are always ready to work with Bangladesh,” Edimon Ginting said.

He expressed interest in working with Bangladesh in the energy sector and climate change issues.

The ADB country director also said that they wanted to expand their programme on the Climate Rehabilitation Project in Cox's Bazar. The Prime Minister requested them to do the same in the hill districts also.

She mentioned ADB's continuous support is needed for Bangladesh, saying "Hopefully you will continue your support."

Sheikh Hasina thanked ADB for continuously supporting Bangladesh in its development endeavours undertaking value-adding projects in its prioritised sectors.

She also thanked the ADB for reaching its commitment to ever highest amounting to US$ 3.6 billion in the last year.

Presently, ADB is funding 61 projects in 7 (seven) major sectors of Bangladesh economy: Transport, Water and Urban Infrastructure and Services, Energy, Human and Social Development, Agriculture, Food, Natural and Rural Development, Finance, Public Sector Management and Governance.

Sheikh Hasina requested the ADB to undertake projects catering to the needs of graduation challenges of Bangladesh economy where improvement of logistics infrastructure and service delivery should be utmost priority.
 
The premier requested the ADB to scale up its grant and concessional climate finances for Bangladesh to develop a pipeline of high-quality climate projects and programs to support climate outcomes in alignment with its national aspirations, manifested in "Mujib Climate Prosperity Plan 2022-2041", "National Adaptation Plan" and "Bangladesh Delta Plan 2100".

She thanked ADB for its recent approval of $400 million.

Sheikh Hasina informed the ADB that there are a number of budget supports in the pipeline for FY 2023-24 and 2024-25 on which ADB may start discussions earlier to ensure their approval within the stipulated timeframe.

She expected that ADB will continue to finance Bangladesh's priority sectors to help the country maintain its growth momentum and carry out the future vision of a 'Smart Bangladesh'.

Ambassador at large M Ziauddin and Principal Secretary M Tofazzel Hossain Miah were present.