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Bangladesh: Deal signed with ADB for $41.4m addl grant for displaced persons from Myanmar

DHAKA, 30 June 2022, (TON): The Asian Development Bank and the Government of Bangladesh today signed an agreement for $41.4 million grant to improve the infrastructure and meet up the basic needs of the displaced persons from Myanmar- sheltered in Cox’s Bazar.

The additional assistance forms the second phase of the ADB’s ongoing Emergency Assistance Project worth $100 million in grant approved in 2018.

A press release said “Fatima Yasmin, Secretary, Economic Relations Division, and Edimon Ginting, Country Director of the ADB, signed the agreement on behalf of Bangladesh and the ADB, respectively.”

ADB Country Director for Bangladesh Edimon Ginting said “the assistance will scale up the ongoing project by addressing the unmet basic and urgent needs identified for ADB assistance in 2018 but which remained unfunded due to grant funding constraints.”

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