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CA seeks more ADB support for agriculture

BSS, Dhaka
Asian Development Bank (ADB) yesterday praised the government's strong commitment to maintain macroeco nomic stability and impressive economic progress despite setback caused by flood and cyclone Sidr and global economic recession.
The appreciation came when the Bank's newly appointed Country Director Paul J Heytens paid a courtesy call on Chief Adviser l akhruddin Ahmed at hisoffice.
Fakhruddin sought more ADB support for agriculture, fisheries, livestock, milk production and skilled manpower
development sectors.
The ADB can also expand its support in infrastructure and energy sectors along with construction of coastal embankment to implement adaptation programme in facing natural calamities in the country, he said.
Terming ADB as a good friend of Bangladesh, the chief adviser expressed the hope that the size and volume of ADB's support would be expanded in future for achieving overall development of the country.
Referring to readymade garment (RMG) sector, he told the ADB country director that (his sector is playing an
important role in poverty alleviation and women empowerment as a large number of women are working in the vital sector.
He expressed the hope (hat Bangladesh will turn into a middle- income country within the 50th years of the country's independence if progress is continued in the sector.
The ADB country director said despite flood, cyclone and other national calamities, Bangladesh has achieved progress in different sectors.
He lauded government's initiatives for ensuring good' governance as well as institutional reform measures during the last two years. "Reforms
at e good lor smooth transition to democracy," he added.
I feytens informed the chief adviser that the ADB has made $370 million resource allocation per year for Bangladesh for the next four years, including $317 million budget allo cations.
I Ie also said 50 projects of Tk 3.5 billion of ADB are now underway in Bangladesh.
ADB. he said, will continue to expand its support for Bangladesh.
I he ADB country director appreciated the government for efficient management at Chittagong Port as well as the good governance under the caretaker administration.