current fiscal

ADB approves $ 100m grant for Rohingyas

MNA Business Desk: The Asian Development Bank (ADB) approved grant assistance of $100 million for Rohingyas- the first of an envisaged package totaling $200 million to help Bangladesh develop basic infrastructure and services for the displaced persons (Rohingyas).

“Given the scale of the humanitarian needs, we are coordinating closely and promptly with World Bank and other development partners to support the government in addressing the crisis in Cox’s Bazar,” said ADB President Takehiko Nakao.

Nakao received the request from Finance Minister Abul Maal Abdul Muhith, for grant assistance when they met in early May. Then ADB developed and processed the project at an extraordinary speed under its emergency procedure.

The ADB $100 million grant project will support the displaced people sheltered in camps in the Ukhia and Teknaf upazilas of Cox’s Bazar focusing on water supply and sanitation, disaster risk management, energy, and roads, reported news agency.

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