ADB Annual Report 2020
The Asian Development Bank (ADB) 2020 Annual Report details operational and financial results. In 2020, ADB continued its support for the South Asia Subregional Economic Cooperation (SASEC) road corridor in Dhaka-Northwest in Bangladesh, committing $406.1 million in loans to strengthen trade. Under the SASEC program, ADB committed $200 million to support cross-border power trade by upgrading substations in Nepal in Khimti, Barhabise, and Lapsiphedi. ADB also committed a $150 million concessional loan to improve the safety and capacity of Tribhuvan International Airport and Gautam Buddha Airport to help revive Nepal's tourism industry and address the long-term economic effects of the coronavirus pandemic.
Author: Asian Development Bank
Tags: COVID-19, Energy, Regional Cooperation, SASEC, Trade, Transport