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ADB predicts Bangladesh GDP to strengthen further amid pandemic Staff Correspondent 28th April, 2021 11:36:24 Asian Development Bank (ADB) on Wednesday stated that Bangladesh’s GDP growth rate may be in the range of 5.5 to 6 percent in the current fiscal, which is also quite enviable in the circumstances. The organization also said the resurgence in Covid-19 cases and delays in availability in the supply of vaccines, both globally and domestically, could undermine the economic growth outlook. Under sustained global recovery and effective Covid -19 management, GDP growth is expected to furth...

World’s Best Trade Finance Providers 2021 Advertisement For many trade finance banks that still relied on legacy systems and paper-based processes, the Covid crisis put them on a forced march into the future.  February 03, 2021 Trade finance bore the full force of the institutional crises inflicted by the coronavirus pandemic. Corporate entities and banks struggled with liquidity issues, supply chain disruptions and payment delays. Legacy platforms and archaic paper-based processes still in place at most trade finance providers created additional obstacles. Goods nevertheless continued to ...

$9 Billion ADB Facility to Help Members Access and Distribute COVID-19 Vaccines Promoting safe, equitable, and effective access to vaccines is a top priority for ADB’s COVID-19 response efforts. Vaccination programs can break the chain of virus transmission, save lives, and mitigate the negative economic impacts of the pandemic by restoring confidence in people’s ability to work, travel, and socialize safely. Source: Global News Tuesday, 15 December 2020 10:05 AM The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facilit...

Posted on The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease (COVID-19) vaccines. “As ADB’s developing members prepare to vaccinate their people as soon as possible, they need financing to procure vaccines as well as appropriate plans and knowledge to be able to safely, equitably, and efficiently manage the vaccination process,” said ADB President Masatsugu Asakawa. “APVAX wil...

News Release | 11 December 2020 MANILA, PHILIPPINES (11 December 2020) — The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease (COVID-19) vaccines. “As ADB’s developing members prepare to vaccinate their people as soon as possible, they need financing to procure vaccines as well as appropriate plans and knowledge to be able to safely, equitably, and efficiently manage the vaccination...