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Saifur tells ADB to review terms
Finance Minister M Saifur Rahman has proposed that the Asian Development Bank should renegotiate with the new government the conditionalities being tagged to the Bank's development assistance to Bangladesh, reports UNB.
The plea was made when Rahman met with the senior ADB executives. Including its President Kimlmasa Tarumizu, at the bank's headquarters in Manila on Tuesday, according to a message received Ln Dhaka Wednesday from the Philippines.
Responding, the ADB executives called for prudent utilization of resources by
Bangladesh by trimming surplus manpower from the public sector.
The Finance Minister, who is Governor from Bangladesh of the Manila-based Asian Bank, is now on a visit to the Southeast Asian nation.
Rahman told the ADB executives that sometimes, the conditionalities being Imposed turn out to be counterproductive.
But, he observed, the objective of conditionalities should essentially be development and the matter demands review by the bank executives.
ADB Vice-President (Opera-
lions) William R Thomson. Vice-President (Finance and Administration) Gunther Schulz and Vice-President (Project) Yong Chung were present during the meeting.
Entire gamut of Bangladcsh-ADB cooperation, including prospect of the bank's future concessional lending to Bangladesh In the context of recent global changes, was. discussed.
Both sides also discussed funding of the proposed Jamuna Bridge which recently got green-signal from the World Bank. ADB is a prospective financier for the project, indicating 150 million US dol-
lars.
Saifur Rahman requested th.- ADB to provide Its future technical assistance In a manner that raise Institutional capabilities of the executing agencies instead of making them dependent on foreign consultancy.
The Finance Minister also addressed a seminar. attended by senior ADB officials, where he deliberated on the macroeconomic and sectoral reform measures being undertaken by Bangladesh and future sectoral priorities.
Rahman Is scheduled to return home today (Thursday).