World Bank
Sri Lanka recovering but poverty enduring: World Bank
Crisis-hit Sri Lanka will return to growth this year, the World Bank said Tuesday, but around a quarter of the country's citizens will remain living in poverty
5 lakh Bangladeshis likely to face extreme poverty: World Bank
Around 5 lakh people in Bangladesh likely fell into extreme poverty between the fiscal years 2022-23 and 2023-2024 due to the erosion of purchasing power, said the World Bank
Economy to post subdued growth for at least three years
The multilateral lender said the economy would grow at 5.6 percent in 2023-24, lower than the South Asian average of 6 percent for 2024. Annual GDP growth averaged 6.6 percent in the decade before the pandemic struck the world in 2020.
Forced bank mergers could be counterproductive
The government should come up with a clear guideline complying with the global best practices before compelling banks to merge, the World Bank has said.
Forced bank mergers may be counterproductive: World Bank
The WB said before initiating any merger processes, detailed guidelines on mergers and acquisitions need to be issued, allowing banks a clear idea about the process involved
Bangladesh economy to grow below 6% for two consecutive years: World Bank
Bangladesh’s real GDP growth is projected to remain relatively subdued at 5.6 percent in the current fiscal year, compared to the average annual growth rate of 6.6 percent over the decade preceding the Covid-19 pandemic, the World Bank said today.
World Bank to share more data to attract private investors to developing countries
Economic growth has slowed in developing countries, with growth falling to barely 4% from 6% in two decades, Banga said, noting that each lost percentage point dragged 100 million people into poverty, while debt levels were rising
Bancassurance: a win-win solution for Bangladesh
With a gross domestic product growth rate of nearly 5.8 percent in 2023, Bangladesh is one of the fastest-growing economies in the world. Driving Bangladesh’s prospects is our extremely active domestic consumer market, which accounts for nearly 70 percent of GDP and is rapidly expanding on the back of a growing middle and affluent class. Fuelling this growth is a digital economy that is also expanding rapidly.
Empowering women through digital financial inclusion
To fully harness the benefits of these digital financial services (DFS) to close gaps in gender equality, policymakers must consider the unique challenges women face in accessing formal financial services.
World Bank, ADB promise more support but call for reforms
Both the World Bank and Asian Development Bank (ADB) have assured they will continue supporting Bangladesh’s growth but stressed the need for economic reforms that are crucial for the country to become a developed nation.
World Bank forecasts 2024 global growth to slow for third consecutive year
According to the World Bank 2024 forecast, global growth is on course for a slow growth, third year in a row
Private sector funding key to climate transition, World Bank chief says
It currently takes 27 months, on average, before "the first dollar goes out the door," Ajay Banga said in an interview in his brightly lit office in the Bank's headquarters close to the White House.
Bangladesh falls behind peers in receiving non-resident deposits
Bangladesh is lacking among four South Asian countries to attract deposits and investments from Bangladeshi migrants, according to a World Bank report
World Bank warns of frauds misusing its name in Bangladesh
The global lender came up with the warning in a statement yesterday in light of recent reports of online loan scams using its name and logo in Bangladesh.
Fixing global economic governance
Rarely have the shortcomings of world leaders and existing institutional arrangements been so glaringly obvious.
How stable is the global financial system really?
The global financial system looks stable, because central banks have shifted more and more debt onto their books.
High inflation to persist in Bangladesh: World Bank
WB Country Director Abdoulaye Seck says at AmCham meeting
World Bank to give $500 million budget support
WB country director shared the information in a meeting with Planning Minister MA Mannan
WB lowers Bangladesh’s economic growth projection
Bangladesh's economy may grow at a slower pace in the current fiscal year than it did in the previous year as it faces significant economic headwinds such as high inflation, external payment pressure, financial sector vulnerabilities and uncertainty, the World Bank said today.
