April 18, 2023
1 min read

ADB lends $230 mn for flood rehabilitation in Bangladesh

The assistance will help in the reconstruction, improvement of resilience, and economic recovery of the northeastern districts…reports Asian Lite News

The Asian Development Bank (ADB) and the Bangladeshi government have signed agreements on provision of $230 million in loans to help reconstruct the country’s northeastern region ravaged by the devastating floods last year.

The assistance will help in the reconstruction, improvement of resilience, and economic recovery of the northeastern districts of Brahmanbaria, Habiganj, Kishoreganj, Moulvibazar, Mymensingh, Netrokona, Sherpur, Sunamganj and Sylhet, reports Xinhua news agency.

Asian Development Bank

An additional $1 million technical assistance grant from the ADB’s Technical Assistance Special Fund will support implementing agencies in building their capacities in climate adaptation and disaster risk management, improving project implementation and monitoring, and strengthening flood risk management and early warning system.

Record rainfall in northeastern Bangladesh from May to June 2022 caused massive flooding, especially in the low-lying Haor region, affecting millions of people there.

ALSO READ: Does BNP want Pakistan-style politics in Bangladesh?

Previous Story

Musk’s ‘TruthGPT’ to rival ChatGPT

Next Story

‘Stay indoors’, India asks its nationals in Sudan

Latest from -Top News

India opens world’s highest rail bridge

Prime Minister Narendra Modi inaugurated the world’s highest railway bridge over the Chenab River in Jammu and Kashmir and flagged off the much-awaited Vande Bharat Express to Srinagar, marking a historic moment

Sisi, MBZ cement ties

UAE and Egypt bolster ties through high-level talks in Abu Dhabi and a landmark cardiac care initiative delivering lifesaving treatment to rural communities The United Arab Emirates and Egypt reaffirmed their strong

‘UAE leads global fight against plastic waste’

UAE accelerates its fight against plastic pollution with a bold single-use plastic ban and expanded environmental policies to safeguard natural ecosystems for future generations The United Arab Emirates continues to lead the

70,000 Gaza kids starve

WFP warned that any further escalation of conflict could paralyse relief operations altogether, deepening the plight of civilians—especially children, the elderly, and vulnerable groups As the humanitarian crisis in Gaza intensifies, the

Prayers on the Mount

The Day of Arafat, considered the pinnacle of the Hajj pilgrimage, witnessed a congregation of believers from around the world As the sun blazed overhead and temperatures climbed to a sweltering 41°C,
Go toTop

Don't Miss

Indian mission to hold talks over communal violence

Communal violence broke out in several places in Bangladesh on

Hasina’s Beijing Bust

Hyped as a visit to secure $5 billion in loans