DHAKA, Jan. 5 (Xinhua) -- The Asian Development Bank (ADB) committed 2.57 billion U.S. dollars in new sovereign financing for Bangladesh in 2025, more than double its 2024 commitment of 1.18 billion dollars.
The 2025 commitment will target priority investments in energy, transport, banking reforms, urban services, climate resilience and small and medium-sized enterprises (SMEs), the Manila-based lender said in a statement Monday.
The ADB commitments will also fund improvements to livelihoods and services in Bangladesh's southeastern Cox's Bazar district, said the lender.
"We proudly reaffirm our commitment to supporting Bangladesh's priorities during this significant transition period, which is further complicated by an increasingly challenging global landscape," said ADB Country Director in Bangladesh Hoe Yun Jeong.
"Our 2025 commitments underscore our enduring partnership with Bangladesh and our shared focus, in close collaboration with the Economic Relations Division (ERD) and other government ministries and agencies, on economic diversification, enhanced infrastructure and services, and human development," he said.
The ADB said its commitment plans for 2025 demonstrate a strong focus on infrastructure and institutional reforms. ■
