Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary
Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary

The Asian Development Bank (ADB) and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday. He made the disclosure during a press conference at the Ministry of Finance, organised...

Fact-checking is a must: Zahid Hussain
Fact-checking is a must: Zahid Hussain

Dr Zahid Hussain said that general people and businessperson are getting panic-stricken upon watching some news and thats why fact-checking has become more important. Dr Zahid Hussain, former lead economist of the World Banks Dhaka office, made these remarks on Tuesday while talking to the...

WB to explore scopes for supporting climate goals, sustainable development
WB to explore scopes for supporting climate goals, sustainable development

The World Bank (WB) and the environment ministry have agreed to explore project areas and strategic interventions for bolstering Bangladeshi initiatives on climate adaptation, sustainable development, and biodiversity conservation. The decision was taken at a meeting between environment and...

U.S. and World Bank to aid Bangladesh's private sector: Governor
U.S. and World Bank to aid Bangladesh's private sector: Governor

The United States State Department has expressed interest in understanding the trajectory of public-private partnerships in Bangladeshs economic development and the ongoing recovery process. The U.S. government is poised to offer policy support to bolster this sector, while the World Bank has...

Bangladesh suggested waiting more to get GSP facility
Bangladesh suggested waiting more to get GSP facility

The World Bank is donating 25 million dollars (about three thousand crores) to Bangladesh so that they can cover the damage caused by the recent floods. Financial adviser Dr. Salehuddin Ahmed said this to reporters after meeting with vice president of the organization Martin Riser on the...

Bold and timely reforms will help Bangladesh achieve inclusive growth: WB
Bold and timely reforms will help Bangladesh achieve inclusive growth: WB

The World Bank (WB) has observed that bold and timely reforms will help Bangladesh create quality jobs and achieve inclusive growth, reports BSS. Bangladeshs post-COVID recovery continues to be impacted by high inflation, balance of payments deficit, financial sector vulnerabilities, and...

World Bank: Poorest countries face record debt and vulnerability
World Bank: Poorest countries face record debt and vulnerability

The World Bank reports that the 26 poorest countries are now deeper in debt than at any point since 2006 and face increasing vulnerability to natural disasters and economic shocks, reports Al Jazeera. The findings, published in a report on Sunday, reveal that these nations are in a worse...