Bangladesh gets $230m ADB aid

The Asian Development Bank (ADB) and the government of Bangladesh on Monday signed agreements for $230 million in loan to help the rehabilitation and reconstruction efforts in the north-eastern region of the country affected by devastating floods in May–June 2022.

Sharifa Khan, secretary of the Economic Relations Division, and Edimon Ginting, ADB country director for Bangladesh, signed the agreements on behalf of their respective sides, read a press release.

The assistance under the Flood Reconstruction Emergency Assistance Project will help in the reconstruction, improvement of resilience, and economic recovery of the north-eastern districts of Brahmanbaria, Habiganj, Kishoreganj, Moulvibazar, Mymensingh, Netrokona, Sherpur, Sunamganj, and Sylhet. Record rainfall in north-eastern Bangladesh in May–June last year caused massive flooding, especially in the low-lying haor region, affecting 7.2 million people.