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
Finance Minister Abul Hassan Mahmood Ali said about World Bank's emphasis on reforms
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
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.
The World Bank has revised down its growth forecast for fiscal 2023-24 to 5.6 percent as the Bangladesh economy is expected to remain stressed throughout the year thanks to persistent inflationary pressures and external sector challenges.
World Bank will provide Bangladesh a loan of $102 million to improve navigability of the Jamuna river and protect the river bank.
We need to invest in renewables now
Project delay has been a persistent problem, but it is not an irreversible one
The World Bank has agreed to provide a loan of $2.25 billion to Bangladesh
