- Cook Islands announces deep sea minerals deal with China
- Bangladesh also walks out during Israeli speech at Global Ministerial Conference
- Early wicket loss against India an accident: Razzak
- Attempts being made to hijack revolution to come to power: Amir Khasru
- Zelensky 'not ready' to sign minerals deal with US: source
- BNP’s goal is to establish government of the people: Mintoo
- Hamas hands over 6 hostages to Red Cross
- England makes highest team total as Duckett hits 151 in Champions Trophy
- EC suspends six employees over NID fraud
- CEC wants to hold elections like the Eid festival
- None can survive by means of corruption: Shafiqur Rahman
- AP sues three Trump administration officials
- Environmental protection will shape our future: Rizwana
- Israeli forces kill two Palestinian teenagers
- Disney’s 'Snow White' live-action remake drops motion poster
- Vietnam govt approves $8.36B railway project to China
- Creatinine levels: the silent indicator of kidney health
- No load shedding during Ramadan, summer, says energy advisor
- Robbery and molestation in bus: 3 arrested in Tangail
- Fakhrul urges democratic forces to build livable Bangladesh
Bay Terminal eyes on WB funding as construction stalled
Despite over a decade of discussions, Chattogram Ports largest project, the Bay Terminal, has yet to materialise beyond paperwork. Apart from partial land acquisition, progress has remained stagnant. This has left port users in dismay. Uncertainty loomed over whether the interim government would...
World Bank renews support for Bangladesh reformations
World Bank Vice President Martin Raiser on Tuesday reiterated the global lenders pledge to support the reform agendas of Bangladeshs interim government led by Dr Mohammad Yunus. Raiser came up with pledge when he called on Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna in...
World Bank Vice President for S Asia to meet Dr Yunus
World Banks Vice President for the South Asia Region Martin Raiser arrived in Bangladesh on Saturday. During his four-day visit, Raiser will meet Chief Adviser Prof Muhammad Yunus, said the World Bank. He will also meet the Finance Adviser, Energy Adviser, Bangladesh Bank Governor, senior...
Oil, instead of water, was poured on inflation fire: Dr Zahid
Dr Zahid Hussain, former lead economist at the World Banks Dhaka office, challenged the notion of a dream economy during the Awami Leagues undemocratic 15-year rule, saying official growth figures were grossly manipulated. From July 2008 to July 2019, GDP growth averaged 4.2% instead of the...
Minimal progress, excessive hype
Despite widespread calls to recover money smuggled out of the country over the years, progress has been minimal. International organizations such as the World Bank, IMF, GFI, and ADB have publicly pledged support, but tangible results remain elusive. To date, the limited progress made has mainly...
Projects are being affected as donors not disbursing funds
Foreign aid supply flow falls because of go slow policy of several Asian stakeholders. Funding disbursement from development partners have significantly decreased during a crucial moment, when Bangladesh needs dollars to increase its forex reserves. Officials informed that they see a slow pace...
Country under $43b pressure
The governments extensive foreign borrowing for large-scale projects has led to a significant financial burden. While these projects were intended to drive economic growth, the benefits have fallen short of expectations, with the financial liabilities far outweighing the returns. Notably, projects...
WB commits to continue support for key reform initiatives in Bangladesh
World BanksOutgoing Country Director to Bangladesh Abdoulaye Seck on Monday promised the World Banks support for key reform initiatives that the Bangladesh interim government has undertaken. Seck made the pledge when he paid a farewell call on Chief Adviser Professor Muhammad Yunus at the State...
Bangladesh receives $900m World Bank financing
Bangladesh and the World Bank signed two financing agreements totaling $900 million on Sunday to help the country achieve environment sustainability, and climate resiliency, including in urban infrastructure and inclusive growth. Bangladesh is one of the most vulnerable countries to climate...
World Bank approves $1.16 billion for Bangladesh’s development and climate projects
World Banks Board of Executive Directors has sanctioned three projects worth $1.16 billion to help Bangladesh improve health services, boost water and sanitation services and achieve greener and climate-resilient development, reports UNB. The $500 million Second Bangladesh Green and Climate...
Bangladesh secures $1.16 billion WB financing for climate-resilient development
Bangladesh has secured $1.16 billion in World Bank financing to bolster its efforts in enhancing health services, improving water and sanitation infrastructure, and advancing green, climate-resilient development. The approval, announced by the World Banks Board of Executive Directors on Thursday...
Four barriers to export disaster
Despite the potential for growth in sectors beyond ready-made garments (RMG), many industries remain underdeveloped. Analysts cite policy challenges, funding constraints, lack of infrastructure, and the weak bargaining power of non-garment exporters as key obstacles. As a result, ready-made...
WB announces record $100 bn support for poorest countries
The World Bank announced Thursday that it has raised close to $24 billion to provide loans and grants for some of the worlds poorest nations, which it can leverage to generate a record $100 billion in total spending power. Donor countries committed $23.7 billion to replenish the banks...
Afghan economy faces ‘uncertain’ future despite modest growth: World Bank
Afghanistans economy continues to face significant challenges despite showing signs of modest growth, the World Bank warned on Wednesday, with the future uncertain. The economys challenges include fiscal constraints, trade imbalances, and a limited capacity for public investment, the bank said...