WB expects oil glut to cause commodity price slump
Global commodity prices should fall to a five-year low next year thanks to a huge oil glut, the World Bank said Tuesday, pointing to oversupply and to flat demand from China...
Tags : World Bank
Lead exposure: Steep price that children pay
I HAVE witnessed first-hand the devastating impact of environmental hazards on health and society. Yet, a few hazards pose as insidious a threat as lead poisoning, an issue that has lingered in the shadows of public health discourse for far too long despite its devastating consequences. Bangladesh ranks in the fourth position globally in terms of lead...
WB chief focused on job creation ahead of annual meetings
The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week鈥檚 gathering of the world鈥檚 finance ministers and central bankers in...
Inflation, low job harm worker welfare: WB
High inflation and reduced employment have worsened family welfare, with industry and service sector workers hit hardest, the World Bank said in its latest Bangladesh Development Update...
DU holds meeting with UGC, WB for dev projects
The Dhaka University held a meeting with the University Grants Commission of Bangladesh and World Bank about issues, including the implementation of different development projects at the DU with the financial assistance from the WB at DU vice-chancellor鈥檚 meeting room on Sunday...
Bangladesh鈥檚 economic growth to decrease to 4 per cent in FY25: World Bank
The World Bank predicted that economic growth in Bangladesh would decline to 4 per cent in the current financial year due to recent flood and uncertainty in the production sector.
Beyond LDC hype: is Bangladesh ready for challenges?
THE World Bank measures per capita national income using the Atlas method. The total national income (GNI) of a country in local currency is converted into US dollars. In this case, the average exchange rate for three years is adjusted, accounting for inflation and fluctuations in the exchange rate. There is often a difference...
Sri Lanka secures $200m World Bank loan
Sri Lanka said on Monday it had secured a new $200 million World Bank loan to bolster economic recovery, the first foreign funding since leftist president Anura Kumara Dissanayake won elections.
Roadmap for recovery of laundered money a must
IT IS promising that the government has reconstituted an inter-agency task force meant to bring back money that has been illegally taken abroad. In January 2023, the taskforce was formed by the deposed Awami League government but remained ineffective in repatriating stolen funds. In what follows, the reconstitution of the taskforce is a right step forward...
Dialogue with parties before reform bodies start working
The advisory council of the interim government will hold another round of dialogue with the political parties before the six reform commissions begin their work in full swing.
WB, IFC to give loans under conditions: finance adviser
Finance adviser Salehuddin Ahmed on Sunday said that the World Bank and its private sector investment wing International Finance Corporation would provide loans under certain conditions to help the interim government carry out reforms in the financial sector...
WB to provide $300m for Bangladesh Clean Air Project
World Bank will provide $300 million to support the Bangladesh Clean Air Project, aiming to strengthen air quality management and reduce emissions from key sectors...
World Bank to provide $3.5 billion for Bangladesh鈥檚 reform initiatives
World Bank Group president Ajay Banga on Thursday said that the global lender would provide $3.5 billion to support reform initiatives of Bangladesh鈥檚 interim government.
Govt working to make SMEs more active: Adilur
Industries adviser Adilur Rahman Khan on Wednesday said that the government was working to make the small and medium enterprises more active and vibrant...
Sakhawat seeks WB investment in jute, shipbuilding sectors
Shipping, jute and textiles adviser Brigadier General (retired) M Sakhawat Hussain on Wednesday called upon the World Bank to invest in Bangladesh鈥檚 jute and textiles sectors and shipbuilding industry...
World Bank offers to assist ACC to recover laundered money
The World Bank offered assistance to the Anti-Corruption Commission in collecting documentary evidence for the recovery of laundered money...
BSEC moves to upgrade market surveillance system
The Bangladesh Securities and Exchange Commission on Sunday said that it would upgrade its the surveillance system for a better monitoring of the market and the commission sought support from the World Bank to improve the system...
BBS should in no way tweak data for cosmetic face of economy
THE Bureau of Statistics has come to be criticised and its calculation of nationally, and internationally, important figures questioned for years during the 15 years of the authoritarian regime of the Awami League, overthrown on August 5 through a student-mass uprising, for the manipulation of data that has been nothing short of deceit...
WB to lend $2.3 billion聽in FY25
The World Bank on Thursday said that it could lend around $2.3 billion to Bangladesh to help the country to carry out critical reforms for improving governance, transparency and accountability.
WB pledges support for govt鈥檚 key reform initiatives
World Bank is ready to be part of key economic reforms of Bangladesh鈥檚 interim government, a visiting top official of the multilateral lender said on Thursday.
WB to help Bangladesh move to reform banking sector: finance adviser
The World Bank will provide support in reforming banking and other sectors in Bangladesh, finance and commerce adviser Salehuddin Ahmed said on Thursday...
Salehuddin聽asks WB for implementable loan conditions聽
Finance adviser Salehuddin Ahmed on Tuesday said that they expected easy and implementable action plans from the World Bank with its new loans.
World Bank commits over $2b in new support to Bangladesh
The World Bank on Tuesday committed $2 billion loan assistance to support the reform agenda of the interim government led by professor Muhammad Yunus.
WB, ADB to lend $2.5b
The World Bank and the Asian Development Bank on Sunday pledged a combined loan of $2.5 billion to Bangladesh to support reforms in the country鈥檚 banking and...
Demographic transition and its global impact
IN THE 21st century, demographic transition, not an esoteric fact any more, has become a critical issue for policymakers and economists worldwide. The process affects every aspect of society, from the labour market and economic growth to healthcare systems and social security to the extent that supranational organisations such as the World Bank...
Containing food inflation must be high on agenda
A SLIGHT decrease in prices, largely because of an improved supply and a halt in extortion on highways and at markets, comes as a relief amidst the food inflation that has pushed the poor and low-income people into a tight spot. Prices of vegetables decreased by Tk 10鈥�20 a kilogram in the capital on August 9 while prices of chicken and eggs also decreased...
Int鈥檒 financial institutions鈥� culpability
THE International Monetary Fund, World Bank and Asian Development Bank are complicit in the gross human rights violations and death of democracy in Bangladesh. They continued to supply financial blood line to the regime, well-documented for its corruptions, human rights violations 鈥� such as forced disappearances and tortures...
Rising food insecurity shows hollowness of development
The World Bank food security update that has put Bangladesh in the red zone for a year until May 2024 suggests the worsening food insecurity in Bangladesh. The update says that persistent high food inflation has pushed the large majority of low- and fixed-income people into food insecurity. Bangladesh is placed in the red zone with 18 other countries...
Bangladesh in red zone for past one year聽聽聽
The persistent high food price has kept the country in the red zone for the past one year until May 2024 in the food security update of the World Bank.
World Bank offers roadmap to avoid 鈥榤iddle-income trap鈥�
More than 100 countries, including China, are at risk of entering a 鈥榤iddle-income trap鈥� and failing to become wealthy nations, the World Bank said Thursday as it unveiled a 鈥榗omprehensive roadmap鈥� to reach high-income status...