The Bangladeshi government and the Asian Development Bank (ADB) have agreed to accelerate implementation of ADB-assisted projects for boosting socio-economic recovery of Bangladesh.

Fatima Yasmin, secretary of Bangladesh's Economic Relations Division (ERD), and Edimon Ginting, ADB's country director for Bangladesh, co-chaired a tripartite portfolio review meeting on Sunday, said the Manila-based lender in a statement.

The statement said the meeting reviewed the progress of actions agreed in August 2021, readiness status of 2022 pipeline projects, and upstream knowledge work.

During the meeting, according to the statement, 42 selected projects were discussed on 113 different issues and over 130 specific timebound actions were agreed.

ADB said it's current sovereign portfolio has 50 projects comprising 89 loans and grants with a net portfolio of 10.63 billion U.S. dollars.

The bank operates in Bangladesh in such sectors as energy, transport, water and urban infrastructure and services, education, finance, agriculture, natural resources and rural development.

According to the statement, the cumulative lending to Bangladesh stands at around 48 billion U.S. dollars in loans and grants, including co-financing.