Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan yesterday announced that the World Bank will provide USD 300 million to support the Bangladesh Clean Air Project (BCAP).
The Bay Terminal, the biggest expansion project in the Chattogram port’s history, made major progress as the World Bank’s board of executive directors approved a $650 million loan on Friday to finance the dredging of the access channel and construction of the breakwater.
The World Bank approved $650 million on Friday to help Bangladesh construct the breakwater of Bay Terminal, a mega expansion project of Chattogram port.
While a privileged minority, sitting in their high castles, continue to enjoy a larger and larger share of the fruits of “development,” it is becoming obvious that the vast majority are increasingly struggling.
World Bank (WB) yesterday approved two projects totalling $700 million to provide basic services and build disaster and social resilience for both the displaced Rohingya population in Bangladesh and the host communities.
As per the World Bank’s report on corruption in South Asian countries, almost 71 percent of the firms in Bangladesh are expected to give gifts to get an import licence, 42.5 percent to get a construction permit and 42 percent to get government contracts.
At present, taxpayers show their undisclosed assets in their tax returns through investment in apartments, buildings and economic zones and high-tech parks.
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.
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
The World Bank today slashed growth forecast for Bangladesh by 0.6 percentage points to 6.1 per cent for the current fiscal year ending in June 30, 2023, impacted by global economic slowdown and the war in Ukraine.
There are signs that Bangladesh’s stellar growth, which catapulted it among the 10 fastest growing economies over the past decade, may be losing steam soon unless critical reforms are undertaken to counter the decline, said a recent World Bank study.
An 11-member technical mission of the World Bank reached Chattogram port today to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships.
The World Bank has launched a youth competition, inviting solutions for climate-smart growth to mark 50 years of partnership with Bangladesh.
The Local Government Covid-19 Response and Recovery Project will benefit 39.9 million urban residents in all eight divisions, the World Bank said in a statement today.
One of the most common shortcomings of the general art of prediction among economists is that the information we rely on draws on a theoretical framework based on past data and future expectations.
The World Bank has approved a $500 million credit to help Bangladesh improve disaster preparedness against inland flooding in 14 flood-prone districts benefiting over 1.25 million people.
The World Bank yesterday approved a $1.03 billion financing to help improve regional trade in Bangladesh and Nepal by reducing trade and transport costs and transit time along the regional corridors.
The World Bank on Tuesday slashed its global growth forecast by 1.2 percentage points to 2.9 per cent for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the Covid-19 pandemic, with many countries likely to face recession.
The estimated poverty in Bangladesh has declined by 0.6 per cent in the 2021 fiscal year, riding on the strong economic recovery amid the Covid-19 pandemic, according to the latest report of the World Bank.
