As a long-standing partner, World Bank Group President David Malpass has said that they will support Bangladesh as it navigates a challenging global environment on its way to reaching upper-middle-income status by 2031. “I am confident that with the right set of policies and timely action, Bangladesh can achieve its growth aspirations,&rd...
Prime Minister Sheikh Hasina on Monday urged the World Bank and other development partners to find out viable alternatives to help economies like Bangladesh cope better with the stress, caused by the pandemic, armed conflicts and climate emergency. “The ongoing global multiple crises, caused by the pandemic, armed conflicts and climate em...
Prime Minister Sheikh Hasina on Monday blamed the external pressure for the cancellation of $1.2 billion credit the World Bank had committed to financing the iconic Padma Bridge that Bangladesh finally constructed with its own money. "I regret that the World Bank moved away from financing this most important project (Padma Multi-purpose Bridge)...
Bangladesh has come of age as a huge turnaround story with the formal inauguration of the 6.15-km rail-road bridge on the Padma River on June 25, Saturday. This is the country's biggest infrastructure project since independence from Pakistan, which left Bangladesh bloodied and battered. But in 50 years down the line and with Sheikh Hasina at th...
Tonmoy Ahmed: I was extremely dumfounded by the extremely derogatory remarks used by a good number of self-claimed civil society members, in collusion with most of the anti-graft watchdogs, against some of the key government officials including the Prime Minister when the fabricated allegation of Padma Bridge graft brought into fore by the Worl...
Seamless transport connectivity between India and Bangladesh has the potential to increase national income by as much as 17% in Bangladesh and 8% in India, says a new World Bank report. The report was published at a virtual press conference on Tuesday. The study, “Connecting to Thrive: Challenges and Opportunities of Transport Integratio...
World Bank, in one of its reports, projects that Bangladesh will see increased remittance flow and secure eighth position in the world in terms of it in 2020. WB revealed the prediction in the report titled "COVID-19 Crisis Through a Migration Lens" published on October 29. According to the projection, two South Asian countries will see an inc...
Noting that Bangladesh made incredible development in the last decade, the visiting executive directors (EDs) of the World Bank Group said they will continue support for Bangladesh’s uplift. “We witnessed ‘incredible development’ in Bangladesh and the country is much ahead in all social indices than other countries in So...
The World Bank (WB) will provide $100 million to Bangladesh government for improving public service delivery through an effective, efficient and transparent public financial management system, a statement of WB said. A financing agreement was signed between the Government of Bangladesh and World Bank at the Economic Relations Division (ERD) in ...
Prime Minister Sheikh Hasina said the quarters who hatched a conspiracy over the construction of the Padma Bridge now awaited a befitting reply as the landmark structure was set to be erected completely eventually with completion of its 60 percent works. “We will give them a befitting reply who wanted to tarnish Bangladesh’s image a...
World Bank President Jim Yong Kim expresses his organization’s confidence in the leadership of Prime Minister Sheikh Hasina. He said Bangladesh was the second largest recipient of the World Bank loan which shows our (WB) faith in your leadership”. World Bank Group President Jim Yong Kim said this during his meeting with HPM Sheikh ...
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