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 gives $200m for healthcare services, dengue prevention in Bangladesh
The World Bank has approved a $200 million loan to help improve primary healthcare services and prevent mosquito-borne diseases like dengue in Bangladesh.
World Bank to boost employment opportunities for 900,000 Bangladeshi youths
Bangladesh and the World Bank today signed a $300 million financing agreement to equip about 900,000 economically disengaged rural youths with skills and alternative education needed for employment and entrepreneurship
US politics and the Paris finance summit
The leaders at the Paris summit recognised the urgent need for a massive expansion of official development financing from the Multilateral Development Banks (MDBs).
Trade, connectivity in SA: $1.03b WB project to boost national income by 16pc
The World Bank has launched a $1.03 billion inter-country connectivity project in the South Asia region that will lead to an increase in national income by over 16 percent in Bangladesh.
World Bank VP reiterates strong support for Bangladesh
“We stand ready to redouble our support under our new country strategy and accelerated implementation of our large existing portfolio,” said Martin Raiser.
'WB needs new playbook to boost private investment in emerging markets'
New World Bank President Ajay Banga says
$858 million WB financing for climate resilient agri growth, road safety
Bangladesh and the World Bank today signed two financing agreements in this regard
Turning plastic perils into a prize
The country has been seeing a worsening plastic waste problem over the last decade and a half, and recently, a small step has been taken towards possible mitigation.
World bank loan: $4.9b next fiscal
Bangladesh will get $4.9 billion in loan from the World Bank for a dozen projects in the next fiscal year, given that those are ready on time for implementation as stipulated by the global lender.
We must curb rising inequality
Reforms following the IMF prescription should not harm disadvantaged groups
