World Bank (WB)
WB criticises tax provision on legalising black money
At present, taxpayers show their undisclosed assets in their tax returns through investment in apartments, buildings and economic zones and high-tech parks.
Bangladesh lost Tk 2 lakh crore in potential VAT
The WB measured VAT losses based on an analysis of the VAT gap -- an estimate of the overall difference between theoretical VAT revenue and the amount actually collected.
World Bank set to issue up to $1 billion in debut hybrid note this year
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters
Bangladesh can raise three times more VAT if policy and compliance gaps addressed: World Bank
The recently updated Income Tax Act (2023) is an opportunity to increase income tax collection by expanding the tax base through improved compliance and tax services, it said in its Bangladesh Development Update report
World Bank emphasises further reforms in financial sector: finance minister
Finance Minister Abul Hassan Mahmood Ali said about World Bank's emphasis on reforms
Bangladesh to post sixth highest GDP growth in Asia in FY24
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
Bangladesh’s economic growth to slow to 5.6% in FY24: World Bank
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
World Bank releases $250 mn to boost Sri Lanka reforms
The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
No good news in investment as well
With major indicators showing stress in the economy, there is no good news in the investment flow too as investors now prefer to stay away from taking new projects or expanding their existing capacity.
WB to give $102m for navigability of Jamuna
World Bank will provide Bangladesh a loan of $102 million to improve navigability of the Jamuna river and protect the river bank.
Turn dirty power plants into clean ones
We need to invest in renewables now
WB is right to flag up project delays in Bangladesh
Project delay has been a persistent problem, but it is not an irreversible one
Bangladesh, World Bank sign $2.25 billion loan deal for 5 dev projects
The World Bank has agreed to provide a loan of $2.25 billion to Bangladesh
Agricultural, cereal, export prices up globally
World Bank report shows
World Bank to give over $8 billion in next 4 years
The World Bank Group is set to provide Bangladesh with upwards of $2 billion every year over the next four years to help the country gear up for its next phase of development.
Is World Bank ready for the New World?
Attempting to tackle poverty and climate change simultaneously could lead some governments to make costly and counterproductive decisions.
How forestry projects destroy forests
Though eucalyptus was eradicated from the public forest land, social forestry continues at a very high cost to natural ecosystems.
Avoid middle-income trap at all costs
Bangladesh should be careful about falling into the middle-income trap, said Axel van Trotsenburg, the World Bank’s managing director of operations.
WB forecasts 5.2pc GDP growth
The World Bank yesterday delivered yet another bad news for the economy as the Washington-based multilateral lender pared back Bangladesh’s growth forecast for this fiscal year by 1.5 percent to 5.2 percent.
