Turkiye secures $500m from World Bank to boost jobs in quake-hit region
Turkiye secures $500m from World Bank to boost jobs in quake-hit region

Turkiye has secured $500 million in new financing from the World Bank to preserve employment and create jobs in areas affected by the devastating February 2023 earthquakes, according to a report on Tuesday. The funding marks the second phase of the Registered Employment Generation Project,...

Turkiye to hold tender for Bosporus railway project
Turkiye to hold tender for Bosporus railway project

Turkiye is moving forward with a major railway project aimed at crossing the Bosporus Strait, enhancing transportation links between Europe and Asia. Transport and Infrastructure Minister Abdulkadir Uraloğlu announced that Turkiye is in the final stages of securing financing for the $4 billion...

WB delegation call on food adviser
WB delegation call on food adviser

A World Bank delegation on Sunday paid a courtesy call on food adviser Ali Imam Majumder at his Secretariat office. The meeting took place at office room in the secretariat and later the ministry authority shared the information to media through a press meeting. The delegation led by Practice...

Bay Terminal eyes on WB funding as construction stalled
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 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 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
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
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...