Asian Development Bank (ADB) President Masato Kanda announced a $5 billion financing package for Bangladesh over the next five years during a meeting with Chief Adviser Tarique Rahman on Monday.
According to a press release from the Asian Development Bank Dhaka office, the meeting focused on Bangladesh’s development priorities, economic stability, investment, and job creation.
Masato Kanda said Bangladesh is entering an important new phase of development. He said ADB will continue supporting the country in maintaining economic stability, creating new growth opportunities, and building a more diversified and resilient economy.
During the visit, ADB signed loan agreements worth around $1.4 billion under its 2026 Annual Commitment Program. The bank also added $250 million in support to help Bangladesh manage economic pressure caused by the Middle East crisis.
ADB said rising global prices of fuel oil, LNG, fertilizer, and shipping have increased pressure on Bangladesh’s economy and banking sector.
The organization said it will continue coordinating with the government and development partners while supporting reforms in the energy and export sectors, institutional capacity building, and private investment.
ADB President Masato Kanda proposed a new program titled the “Integrated Growth Network Development Initiative.”
Under the initiative, Bangladesh is expected to receive about $1 billion annually over the next five years, totaling $5 billion.
The financing aims to boost investment, create jobs, improve transport and connectivity, and promote balanced regional growth. ADB said the long-term package will be linked strategically with its annual sovereign financing commitments.
ADB also plans to increase its annual sovereign assistance to Bangladesh by around 20% in the medium term. The current annual support of about $2 billion could rise to nearly $2.4 billion.
According to ADB, the additional funding will support investment-led growth, job creation, economic diversification, governance reforms, and Bangladesh’s transition from Least Developed Country (LDC) status.
The organization will also provide $2 million in technical assistance to help Bangladesh prepare and implement its Medium-Term Development Framework.
During his Dhaka visit, Masato Kanda also met Finance and Planning Adviser Amir Khosru Mahmud Chowdhury.
Their discussions focused on economic reforms, macroeconomic challenges, external financing needs, and ADB support for priority sectors.
The ADB President also held talks with leading business representatives on investment opportunities, barriers to investment, capital market development, and increasing private sector financing.
