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		<title>Asian Development Bank Adb And the World Bank has approved a loan of 1 5 billion dollar for bangladesh</title>
		<link>https://fastnewsglobe.com/asian-development-bank-adb-and-the-world-bank-has-approved-a-loan-of-1-5-billion-dollar-for-bangladesh/</link>
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		<pubDate>Sat, 21 Jun 2025 06:54:20 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[ABD]]></category>
		<category><![CDATA[ADB]]></category>
		<category><![CDATA[Asian Development Bank]]></category>
		<category><![CDATA[Bangladesh]]></category>
		<category><![CDATA[World Bank]]></category>
		<guid isPermaLink="false">https://fastnewsglobe.com/asian-development-bank-adb-and-the-world-bank-has-approved-a-loan-of-1-5-billion-dollar-for-bangladesh/</guid>

					<description><![CDATA[<p>Bangladesh receives loan: After getting the help of $ 762 million (about Rs 6.360 crore)...</p>
<p>The post <a href="https://fastnewsglobe.com/asian-development-bank-adb-and-the-world-bank-has-approved-a-loan-of-1-5-billion-dollar-for-bangladesh/">Asian Development Bank Adb And the World Bank has approved a loan of 1 5 billion dollar for bangladesh</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;"><strong>Bangladesh receives loan:</strong> After getting the help of $ 762 million (about Rs 6.360 crore) in May from the International Monetary Fund (IMF), now Bangladesh is going to get a loan again from two big banks of the world. The Asian Development Bank (ADB) and the World Bank have approved a $ 1.5 billion loan for Bangladesh. This will help in improving banking sector, dealing with climate change challenges and depleting of energy sector. </p>
<h3 style="text-align: justify;">Both banks will get such a huge amount </h3>
<p style="text-align: justify;">According to the information received, ADB has approved a loan of $ 90 million for Bangladesh and World Bank of $ 64 million. Bangladesh is going to get this financial assistance at a time when the country is in dire need of foreign currency for foreign trade and its development projects. ADB Bank has informed that out of 90 million dollars, 50 crores will be done to improve the country&#8217;s banking system and strengthen it. The remaining 40 crores will be used to deal with climate change selections and promote development. </p>
<h3 style="text-align: justify;">Many challenges ahead of Bangladesh&#8217;s banking system</h3>
<p style="text-align: justify;">Bangladesh&#8217;s banking system is currently dealing with many challenges, such as there is a huge lack of liquidity in the banking system, so the government does not have enough cash to fulfill its responsibilities. Bangladesh&#8217;s banking system also needs to create a strong regulatory framework so that problems like money laundering can be dealt with well.</p>
<p style="text-align: justify;">Work is also to be done towards reducing cyber attack so that the data and money of the customers can be kept secure. The NPL problem in the banking system here is also very worrying, which has reached 74,570 million Taka in the first quarter of 2025.</p>
<p style="text-align: justify;">Not only this, there is also difficulty in charging interest on the loan given to banks. Due to the help done by ADB, work will be done to increase cash in the banking sector, ensure compliance with international norms and to ensure affordable loans for micro, small and medium enterprises. </p>
<h3 style="text-align: justify;">World Bank amount will help in this work</h3>
<p style="text-align: justify;">Apart from this, ADB bank will also give a loan of $ 400 million to Bangladesh to deal with the challenges of climate change. The $ 64 million from the World Bank will be used to reduce air pollution in the city and reduce the obstacles in gas supply.</p>
<p style="text-align: justify;">According to media reports, due to the increasing demand for electricity in the country, the government led by Muhammad Yunus has converted the gas supply into power plants, which has deepened the gas crisis. With the amount received from the World Bank, these two projects will be worked on, which will promote economic development in Bangladesh, increase productivity and more and more people will get employment. </p>
<p style="text-align: justify;"><strong>Also read:</strong></p>
<p class="abp-article-title"><strong>The IPO of HBD Financial Services, which is opening on 25 June, may cause major losses to initial investors; Learn how?</strong></p>
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<p><a href="https://www.abplive.com/business/asian-development-bank-adb-and-the-world-bank-have-approved-a-loan-of-1-5-billion-dollar-for-bangladesh-2966127" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/asian-development-bank-adb-and-the-world-bank-has-approved-a-loan-of-1-5-billion-dollar-for-bangladesh/">Asian Development Bank Adb And the World Bank has approved a loan of 1 5 billion dollar for bangladesh</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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		<title>Union Finance Minister Nirmala Sitharaman Met Adb President Masato Kanda and Demands Cut in Funds of Pakistan</title>
		<link>https://fastnewsglobe.com/union-finance-minister-nirmala-sitharaman-met-adb-president-masato-kanda-and-demands-cut-in-funds-of-pakistan/</link>
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		<pubDate>Mon, 05 May 2025 13:34:39 +0000</pubDate>
				<category><![CDATA[Lastest News]]></category>
		<category><![CDATA[ADB]]></category>
		<category><![CDATA[India's Finance Minister Nirmala Sitharaman]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[Masato kanda]]></category>
		<category><![CDATA[nirmala sitharaman]]></category>
		<category><![CDATA[Nirmala Sitharaman demanded ADB president to cut Pakistan's funding]]></category>
		<category><![CDATA[nirmala sitharaman demands a cut in Funding of Pakistan]]></category>
		<category><![CDATA[Pahalgam Terror Attack]]></category>
		<category><![CDATA[Pahalgam Terrorist Attack]]></category>
		<category><![CDATA[Pakistan]]></category>
		<category><![CDATA[President of ADB Masato Kanda]]></category>
		<category><![CDATA[Tension continues between India and Pakistan]]></category>
		<category><![CDATA[Union Finance Minister Nirmala Sitharaman Met Adb President Masato Kanda in Milan Italy]]></category>
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					<description><![CDATA[<p>Fm nirmala sitharaman meets adb president: India&#8217;s Finance Minister Nirmala Sitharaman met Asian Development Bank...</p>
<p>The post <a href="https://fastnewsglobe.com/union-finance-minister-nirmala-sitharaman-met-adb-president-masato-kanda-and-demands-cut-in-funds-of-pakistan/">Union Finance Minister Nirmala Sitharaman Met Adb President Masato Kanda and Demands Cut in Funds of Pakistan</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;"><strong>Fm nirmala sitharaman meets adb president:</strong> India&#8217;s Finance Minister Nirmala Sitharaman met Asian Development Bank (ADB) President Masato Kanda and demanded to cut the funding given to Pakistan. Finance Minister Nirmala Sitharaman raised this demand from the President of ADB on April 22 after the increased tension between India and Pakistan after the terrorist attack on tourists in Pahalgam in Jammu and Kashmir.</p>
<p style="text-align: justify;">Finance Minister Nirmala Sitharaman met ADB President Masato Kanda at the annual meeting of the 58th Asian Development Bank (ADB) held at Milan, Eatley on Monday (May 5). Apart from this, Finance Minister Nirmala Sitharaman has also raised the same demand from Italy&#8217;s Finance Minister Giankarlo Georgette.</p>
<blockquote class="twitter-tweet"><p>&#13;</p>
<p dir="ltr" lang="en">Union Finance Minister Smt. <a href="https://twitter.com/nsitharaman?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@NSITHARAMAN</a> Met Mr. Masato kanda <a href="https://twitter.com/ADBPresident?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@ADBPRESTENT</a> during the 58th <a href="https://twitter.com/hashtag/ADBAnnualMeeting?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Adbannualmeeting</a> In Milan, Italy, Today.</p>
<p>The Union Finance Minister Reiterated that India Focuses on Private Sector-LED Economic Growth and has been consistently created a health… <a href="https://t.co/mjiqXliKSB" rel="nofollow">pic.twitter.com/mjiqxliksb</a></p>
<p>&#8211; Ministry of Finance (@Finminindia) <a href="https://twitter.com/FinMinIndia/status/1919341550812701041?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 5, 2025</a></p></blockquote>
<p style="text-align: justify;"><strong>FM </strong><strong>Center&#8217;s efforts on economic development in India also discussed</strong></p>
<p style="text-align: justify;">At the same time, during the meeting with ADB President Masato Kanda, Finance Minister Nirmala Sitharaman said, &#8220;India is focusing on private sector -led economic growth and is preparing a policy and regulatory ecosystem in the country.&#8221;</p>
<p style="text-align: justify;"><strong>Growing stress with India can give a shock to Pakistan&#8217;s economy</strong></p>
<p style="text-align: justify;">On the other hand, Global Rating Agency Moody&#8217;s said in a report on Monday (May 5) that growing stress with India can shock Pakistan&#8217;s economy and cause problems in its current fiscal efforts. Apart from this, this tension can also affect the economy associated with other countries of Pakistan, as well as pressure on foreign exchange reserves, which are also very less according to the payment of the next loan.</p>
<p style="text-align: justify;"><strong>Stress increased between India and Pakistan after Pahalgam terror attack</strong></p>
<p style="text-align: justify;">This tension between India and Pakistan has increased on 22 April 2025 after a terrorist attack on tourists in Basaron Valley of Pahalgam in Anantnag district of Jammu and Kashmir. A total of 26 people including 25 Indian citizens were killed in this terrorist attack. After which India took many big steps against Pakistan.</p>
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