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
World Bank report shows
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.
Attempting to tackle poverty and climate change simultaneously could lead some governments to make costly and counterproductive decisions.
Though eucalyptus was eradicated from the public forest land, social forestry continues at a very high cost to natural ecosystems.
Bangladesh should be careful about falling into the middle-income trap, said Axel van Trotsenburg, the World Bank’s managing director of operations.
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.
Air pollution is killing around 80,000 people every year in Bangladesh by causing respiratory problems as well as depression, and wiping out around 4 percent of the country’s GDP, said a World Bank report yesterday.
The government has taken an initiative to set up four new vehicle inspection centres (VICs) to control emissions.
The World Bank has agreed to take lead in a landmark project to breathe life back into the five rivers surrounding Dhaka city involving about $20 billion.
Around 30 percent people in Bangladesh are facing food scarcity though the country’s economy made a recovery from the pandemic-induced shocks, says a World Bank survey.
