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Tags : World Bank


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Heat costs Bangladesh up to $1.78b in 2024: WB

Bangladesh lost as many as 25 million workdays due to extreme heat in 2024, causing an estimated economic loss of up to $1.78 billion, or 0.3–0.4 per cent of the gross domestic product, according to a World Bank study revealed in Dhaka on Tuesday...

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Iraq signs $1b deals with World Bank’s IFC

Iraq signed on Saturday investment deals worth $1 billion in its energy, agriculture and finance sectors with the World Bank’s private sector arm, as the country seeks to build on its economic recovery following years of unrest...

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FID rejects WB proposal for forensic audit of 6 state-run banks

The government has turned down the World Bank’s proposal to conduct a forensic audit of six state-owned banks, a move that has raised concerns over its commitment to full transparency in addressing the sector’s deep-rooted problems...

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WB wants 30pc local workers in projects

The government is under pressure to bring about major changes in documentation of the annual development projects to be financed by the World Bank to meet 30 per cent local labour requirement...

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World Bank VP wraps up visit, reaffirms support

World Bank vice-president for South Asia Johannes Zutt concluded his first official visit to Bangladesh on Wednesday, reaffirming WB’s commitment to help the country address its development priorities and support its people...

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WB VP wraps up visit reaffirming support for Bangladesh

World Bank vice-president for South Asia Johannes Zutt concluded his first official visit to Bangladesh on Wednesday, reaffirming WB’s commitment to help the country address its development priorities and support its people...

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World Bank VP meets CA, praises interim govt’s economic steps

Johannes Zutt, the newly appointed World Bank Vice President for South Asia, has expressed strong support for Bangladesh’s inclusive growth and appreciated Chief Adviser Professor Muhammad Yunus for the Interim Government’s reform agenda in the economic sector.

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WB seeks improved transparency in debt practices

The World Bank said Thursday it is worried that some countries are less and less transparent about their public debt and use complex borrowing tools, making it harder to measure how much they owe.

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WB flags drop in FDI to developing countries

The World Bank said in a report Monday that foreign direct investment into developing economies has hit the lowest level since 2005, citing growing trade and investment barriers...

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World Bank approves $250 million loan to Bangladesh

The World Bank said on Saturday it approved $250 million loan to the government while more in pipeline from other lenders, laying importance mostly on transparency, accountability and public service delivery.

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World Bank cuts growth forecast on trade tumult

The World Bank slashed its 2025 global growth forecast Tuesday, citing trade tensions and resulting policy uncertainty, as US president Donald Trump’s wide-ranging tariffs strained ties and weighed on economic outlooks...

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Govt commercialises power sector on WB, ADB prescriptions: CAB

The interim government appears to continue commercialising the country’s power and energy sector on the prescriptions of the World Bank and the Asian Development Bank, following the footsteps of successive governments, alleged the Consumers Association of Bangladesh on Wednesday...

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Market Intelligence Platform launched

Market Intelligence Platform, designed as a one-stop digital hub for exporters, was launched at a programme held at a hotel in Gulshan in Dhaka on Thursday, says a press release.

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WB to provide $270m for sustainable upturn

A financing agreement was signed on Sunday between the government of Bangladesh and the International Development Association of the World Bank Group involving $270 million loan to implement the ‘Bangladesh Sustainable Recovery, Emergency Preparedness and Response Project (B-STRONG)’...

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WB approves $270m to help Bangladesh reduce flood risk

The World Bank board of executive directors on Wednesday approved $270 million financing to bolster Bangladesh’s flood recovery efforts and enhance its resilience to future disasters, including support for constructing and rehabilitating critical infrastructure, strengthening agricultural system and improving livelihoods in areas devastated by the..

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Bangladesh sings $850 million loan deals with WB

Bangladesh has signed two loan deals worth $850 million with the World Bank to develop the Bay Terminal, a major marine terminal in Chattogram, and modernise the national social protection system...

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WB suggests reforms in four sectors

Bangladesh could attract significant investments and create millions of jobs by implementing essential reforms across four sectors, according to a World Bank Group report released today at the Bangladesh Investment Summit 2025...

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Time for govt to work as tale of edible oil shortage repeats

THE good old tale of the shortage of edible oil repeats, with Ramadan, the month of fasting for the Muslims, likely to begin at February’s end. While packed or bottled soya bean oil is reported to have been in short supply, it has started selling for prices higher than the official rate. The situation has pushed up prices of packed, including bottled, and unpacked soya bean...

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WB prefers new tax measure only thru budget

Visiting World Bank vice-president Martin Raiser on Sunday said that the imposition of any new tax measure or tax expenditure should be made through the national budget...

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Zahid for taking steps to prevent foul plays in capital market

Country’s eminent figure and former lead economist of the World Bank Dhaka office, Zahid Hussain has urged the authorities concerned to take steps for preventing foul plays in the capital market to restore confidence of the general investors...