The World Bank has intended to evaluate the asset quality of four state-owned banks in Bangladesh, with a particular focus on the scam-hit Janata Bank, using international audit firms.
Developing economies, which fuel 60 per cent of聽global growth, are projected to finish the first quarter of the 21st century聽with the weakest long-term growth outlook since 2000, according to the...
THIS is unfortunate that the proposed National Small and Medium Enterprise Policy 2025 offers almost no new strategies to facilitate the growth of the sector. The proposal appears to echo the strategies of the 2019 policy that failed to help the sector grow. Such a repetition of failed strategies reflects, as experts say, the government鈥檚 lack of commitment to...
A LOW intake of animal protein by the large majority of people because of serious erosion in their purchasing power consequent on persistent high inflation is worrying. High inflation, which has remained more than 10 per cent for months, has pushed many people below the poverty threshold while the number of extreme poor has increased. Inflation...
World Bank country director in Bangladesh Abdoulaye Seck made a farewell call on chief adviser Professor Muhammad Yunus at the State Guest House Jamuna on Monday.
The finance ministry on Sunday said that it expected聽$1.1 billion in loan support from the World Bank and the Asian Development Bank would be disbursed in the current month.
Bangladesh and the World Bank signed two financing agreements totaling US$900 million on Sunday to help the country achieve environment sustainability, climate resiliency, including in urban infrastructure and inclusive growth.
World Bank鈥檚 Board of Executive Directors has approved three projects worth $1.16 billion to help Bangladesh improve health services, boost water and sanitation services and achieve greener and climate-resilient development...
The World Bank on Friday approved $1.1 billion in loans to help Bangladesh under its three programmes.
The planning and education adviser Wahiduddin Mahmud on Saturday expressed hope that Bangladesh would see an elected government next year.
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world鈥檚 poorest nations, which it can leverage to generate a record $100 billion in total spending power.聽
The disbursement of foreign loans in the first four month of the current financial year dropped by 26 per cent due mainly to the regime change in the country, economists said...
The Asian Development Bank and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said finance secretary Md Khairuzzaman Mozumder on Tuesday...
A delegation from Bangladesh University Grants Commission and World Bank visited the Shahid Sergeant Zahurul Huq Hall and Bangladesh-Kuwait Maitree Hall of Dhaka University on Wednesday...
THE 16th BRICS summit in Kazan, Russia, felt like a deliberate contrast to the annual IMF and World Bank meetings taking place in Washington. The timing couldn鈥檛 have been more telling. The optics of this contrast were hard to miss, giving off the impression of a bloc standing firmly apart from the US-dominated global order. While the West may see Kazan...
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...
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...
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...
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...
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...
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.
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 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.
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...
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.
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...
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 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.
Industries adviser Adilur Rahman Khan on Wednesday said that the government was working to make the small and medium enterprises more active and vibrant...
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...