Bangladesh telecoms sector to get further aid from IDB

21 Nov 2005

The Bangladeshi government’s plan to increase national teledensity by installing a million fixed lines has received a boost from the Islamic Development Bank (IDB), which last week indicated that it would invest an undisclosed amount in the USD400 million project. Bangladesh currently has a teledensity of 0.5%, amongst the lowest in the world, and the government hopes to at least double this figure within a year by expanding digital telephone exchanges in cities, district centres and other growth areas. The IDB is already supporting the country’s submarine cable building programme through a USD60 million loan.

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