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Bangladesh: Bangladesh to cut Tk 10,000cr ADP project aid

DHAKA, 10 January 2022, (TON): The government is likely to reduce more than Tk 10,000 crore project aid from lenders in revising down the annual development programme of the current fiscal year amid a slow implementation of foreign-funded projects.

According to planning ministry officials “the revised ADP is likely to be worth Tk 2.15 lakh crore in place of the original Tk 2.25 lakh crore.”

They said “the contribution of foreign assistance to the revised ADP is likely to stand at Tk 99,067 crore from the original Tk 1,09,387 crore.”

State minister for planning Dr Shamsul Alam told media that the process of ADP revision was going on.

The revision will be completed soon, he said, adding that the cut in the foreign fund is likely as the release of loans by lenders is always a lengthy procedure.

In the original outlay, Tk 88,024.23 crore was earmarked as project aid and Tk 21,363 crore as special credit for development.

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