Bangladesh: Asian Development Bank Member Fact Sheet 2017

Abstract

Bangladesh has more than halved its incidence of poverty over the past 25 years—surpassing one of its core Millennium Development Goals. The country gained lower-middle income status in 2015, and qualified for graduation from Least Developed Country in March 2018. Its economic growth has been robust over the past decade, reaching 7.3% in the previous fiscal year that ended on 30 June 2017, the highest growth rate in the country’s history. Since 1973, ADB has approved $20.4 billion for 279 loans, $258.4 million for 432 technical assistance projects, and $787.1 million for 35 grants to Bangladesh. The country is a major recipient of ADB concessional resources and, for 2017–2018, received a higher amount of these resources compared with other countries with similar operations size.