DHAKA, April 29 (Xinhua) -- The Asian Development Bank (ADB) has hosted a business opportunities seminar here, providing a platform for accessing information on a wide range of opportunities.
Over 500 participants, including suppliers, contractors, consultants, government officials, representatives of development partners, and members of the diplomatic community, attended the day-long program held on Monday.
In a keynote address, Jesper Pedersen, a senior ADB official, highlighted the ADB's efforts to enhance its procedures to better meet the growing and evolving needs of developing member countries, with a strong focus on sustainability, transparency, and quality in procurement.
"The ADB underscores higher skills and efficiency for accelerated project implementation as Bangladesh diversifies its economy, implements reforms to drive economic transformation, and graduates from the least developed country status in 2026," said Hoe Yun Jeong, Bangladesh's ADB Country Director.
"In line with the ADB's strategic direction on expanding private sector operations, we are also promoting private sector business opportunities," Jeong added.
The ADB reaffirmed its commitment to supporting the growth of local industries, noting that Bangladeshi contractors and consultants have consistently demonstrated success in securing contracts both domestically and internationally.
As ADB operations are projected to expand in the coming years, these opportunities are expected to grow further.
In its 52-year partnership with Bangladesh, the ADB said it has mobilized over 62 billion U.S. dollars in loans and grants, including cofinancing, to improve infrastructure, public services, and social development for the country's people.
The ADB's current sovereign portfolio in Bangladesh has 51 projects and programs worth over 12 billion dollars. Enditem
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