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 1. ADB starts engaging with Bangladesh's interim govt to back development

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Textiles


ADB STARTS ENGAGING WITH BANGLADESH'S INTERIM GOVT TO BACK DEVELOPMENT

16 Aug '24
1 min read

Pic: Adobe Stock


--------------------------------------------------------------------------------


INSIGHTS

 * ADB has started engaging with the interim government in Bangladesh to ensure
   the continuation of ongoing projects and support a more inclusive, resilient
   and sustainable future for its people, an ADB spokesperson said.
 * The work will be on macro-fiscal sustainability and expansion of private
   sector development to enhance competitiveness and create jobs.

The Asian Development Bank (ADB) has started engaging with the interim
government in Bangladesh to ensure the continuation of ongoing projects and
support a more inclusive, resilient and sustainable future for its people, an
ADB spokesperson recently said in Dhaka recently.



“We will continue to work with the interim government toward macro-fiscal
sustainability, including a focus on fiscal consolidation and domestic resource
mobilisation,” the ADB official was quoted as saying by domestic media outlets.

ADB has started engaging with the interim government in Bangladesh to ensure the
continuation of ongoing projects and support a more inclusive, resilient and
sustainable future for its people, an ADB spokesperson said. The work will be on
macro-fiscal sustainability and expansion of private sector development to
enhance competitiveness and create jobs.

A second priority is the expansion of private sector development to enhance
competitiveness and create jobs, he said.  This includes working to streamline
government-to-business services to reduce the cost of doing business.

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“ADB will help the interim government build a whole-of-government approach to
tackling climate change in its development agenda. This will include support for
renewable energy and other initiatives that promote green growth,” he added.

Fibre2Fashion News Desk (DS)

More Asian Development Bank News... More Textiles News - Bangladesh...
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