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World Bank

WB okays $1.1b loan

The World Bank has approved approximately $1.1 billion for three projects to improve quality of primary education, build multipurpose shelters and promote child nutrition in Bangladesh. The projects will benefit about 3.6 crore people by improving the standard of primary education, building coastal communities' resilience to natural disasters, and increasing the nutrition and cognitive development of poor children, the Washington-based lender said in a statement yesterday. The projects are $300 million for the Income Support Programme for the Poorest (ISPP), $400...

WB approves $1b for Bangladesh's education, nutrition projects

WB approves $1b for Bangladesh's education, nutrition projects

The World Bank has approved approximately $1.1 billion for three projects in Bangladesh, said a WB press release today The fund would benefit almost 36 million people of the country by improving the quality of primary education, building coastal communities’ resilience to natural disaster, and increasing the nutrition and cognitive development of children from...

Hasina nudges US

Hasina nudges US

Prime Minister Sheikh Hasina yesterday said the US had made all-out efforts but failed to thwart the January 5 parliamentary election in Bangladesh. She also alleged that the World Bank cancelled its loan for the Padma Bridge project on Washington's instructions.

WB to roll out another $1.1b for Bangladesh

WB to roll out another $1.1b for Bangladesh

The World Bank is set to place a proposal at its board meeting on December 16 to inject fresh $1.1 billion into Bangladesh with the aim to alleviate poverty and facilitate tax reforms to boost the government's revenues. Of the $1.1 billion, $400 million will go to primary education, for which the multilateral lender...

Experts caution over Ebola hopes

Health authorities called Thursday for renewed vigilance over the Ebola epidemic and urged caution over claims it is retreating as the World Bank announced a $100-million fund for more health workers. The warning follows an announcement by the World Health Organisation (WHO) that data from funeral directors and treatment centres indicated lower admission rates and burials in Liberia, the nation hit hardest by the killer virus. But international aid agency Doctors Without Borders said the slowdown could be due to sick...

PM urges expats to abide by laws of countries where they live

PM urges expats to abide by laws of countries where they live

Terming the expatriate Bangladeshis the 'Golden Human of Bangladesh', Prime Minister Sheikh Hasina yesterday urged them to abide by the laws of the countries where they live so that Bangladesh’s image gets brightened abroad. "The country’s image is getting destroyed for some people…so please abide the laws and rules of the countries where you...

SUNDAY POUCH

Bangladesh joins AIIB: Implications

Last week, Bangladesh joined 20 other Asian countries in Beijing to sign an MOU to set up a $100 billion Asian Infrastructure Investment Bank (AIIB). By being one of the founding members, Bangladesh for the first time has decided to secure its infrastructure development funds from a source other than the World Bank (WB) or the Asian Development Bank (ADB). In many ways, it is a seminal move to get away from some of the 'conditionalities' that are usually...

All Padma bridge graft accused acquitted

All Padma bridge graft accused acquitted

A Dhaka court today acquitted all the seven government officials including former bridges division secretary Mosharraf Hossain who were accused of corruption in the Padma bridge project, 53 days after Anti-Corruption Commission cleared them of the graft charges. Acting on the final report placed by the ACC, Judge MD Zahirul Haque of the Senior...

Bangladesh signs China-led Asian bank MoU

Bangladesh signs China-led Asian bank MoU

Twenty one Asian countries, including Bangladesh, signed a Memorandum of Understanding (MoU) on establishing the China-led Asian Infrastructure Investment Bank (AIIB) today with three major countries skipping the event. Australia, Indonesia and South Korea skipped the launching ceremony as the United States said it had concerns about the new rival to Western-dominated multilateral lenders,...

Political motivation behind WB scrapping of Padma fund: PM

Political motivation behind WB scrapping of Padma fund: PM

  Prime Minister Sheikh Hasina today said that the World Bank scrapped its promised fund for the Padma bridge project after it was politically motivated by certain quarters. "World Bank could not even give us any proof in support of its claims of corruption in the project," the PM said at a meeting with railway...

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