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...
Tags : World Bank
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...
Adequate policy attention on social protection system must
INADEQUATE budgetary allocation for social protection that a recent World Bank research has reported indicates the government鈥檚 exclusionary development policy. The report says that the social protection expenditure in Bangladesh is the lowest in South Asia. Bangladesh spends 2 per cent of its gross domestic product...
Bangladesh spends least on social protection in South Asia
A new World Bank report has found that social protection expenditure in Bangladesh is the lowest in South Asia...
WB approves $650m to help Bangladesh develop Bay Terminal
The World Bank鈥檚 board of executive directors approved $650 million to help Bangladesh invest in infrastructure critical for developing the bay terminal deep seaport...
WB to provide $900m loan聽聽聽
The World Bank on Saturday said that its board approved disbursement of $900 million for two projects in Bangladesh.
Nat鈥檒 budget yet to be passed, things can be revised: finance minister
Finance minister Abul Hassan Mahmood Ali on Thursday said that the government was considering all realistic criticism and suggestions regarding the national budget before passing it in the parliament...
Wanted: mass uprising against neoliberal Matrix
A FEW months before the coronavirus shut down the world, Chile exploded against neoliberalism. A World Bank economist, Sebastian Edwards, was on the ground to record the rebellion:..
Green growth needed for sustainable dev: WB
To implement its vision of upper middle-income country by 2031, Bangladesh will need green growth, which can be achieved through institutional strengthening, regulatory reforms, climate-responsive public and private finance and enabling policy framework, said a new World Bank report launched on Thursday....
Bangladesh needs green growth to become upper middle-income country by 2031: WB
Bangladesh will need green growth to achieve its vision of upper middle-income country by 2031, which can be achieved through institutional strengthening, regulatory reforms, climate responsive public and private finance and enabling policy framework, says a new World Bank report launched on Thursday...
Perils and promise of emerging multipolar world
THE World Bank鈥檚 release on May 30 of its latest estimates of national output, up to the year 2022, offers an occasion to reflect on the new geopolitics. The new data underscore the shift from a US-led world economy to a multipolar world economy, a reality that US strategists have so far failed to recognise, accept or admit...
Reset looms of unfit global monetary system
SINCE 2008, our world has been in a permanent crisis. There is, however, no consensus about the reasons for the constant presence of an economic crisis. Some think that during the past decade or so there have been several crises; others say that these are only different stages of the same crisis...
World Bank approves $700m for Rohingya crisis in Bangladesh
The World Bank鈥檚 board of executive directors on Wednesday approved two projects totaling $700 million to provide basic services and build disaster and social resilience for both the host communities and displaced Rohingya population in Bangladesh...
One in four Syrians extremely poor: WB
More than a quarter of Syrians live in extreme poverty, the World Bank said on Saturday, 13 years into a devastating civil war that has battered the economy and impoverished millions...
Improved international financial architecture needed
THIS year鈥檚 International Monetary Fund and World Bank Group Spring Meetings opened amidst news of two startling findings...
No more WB-IMF loans to avoid debt catastrophe: civil society
As the World Bank-IMF spring meetings got underway in Washington civil society groups worldwide on Friday launched protests saying money borrowed from the lenders must not lead to...