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GOVT AND POLICIES ADB

approves $200m projects in Bangladesh

The Asian Development Bank's board of directors has approved a loan package totaling $200 million to strengthen urban infrastructure, service delivery, and governance in Bangladesh's municipalities. "The country's municipalities still need significant investment to not only improve service delivery and the urban environment but also strengthen resilience to climate change," said ADB Urban Development Specialist Alexandra Vogl. "This additional ADB financing for the well performing Third Urban Governance and Infrastructure (Sector) Project builds on the work of two previous ADB projects, expanding work in the municipalities where we are already working and into five new ones," Vogl was quoted as saying in a statement released on Wednesday.