The government of Bangladesh and the World Bank on Sunday signed a $300 million financing agreement to equip about 900,000 economically disengaged rural youth, especially women, with skills and alternative education needed for employment and entrepreneurship. Economic Relations Division secretary Sharifa Khan and World Bank Country Director for Bangladesh and Bhutan
Tag: World bank
World Bank climate finance plan little help, unfair
Rich nations have contributed most to the current climate crisis. They are primarily responsible for the historical emissions and greenhouse gas (GHG) accumulation of the last two centuries. Developing countries, especially in the tropics and sub-tropics, are the main victims of global warming today. Most need finance and other means to
Bangladesh’s dev model can inspire others: WB
World Bank (WB) Executive Director Parameswaran Iyer Thursday said developing countries can follow Bangladesh's development model as he paid a courtesy call on Prime Minister Sheikh Hasina at her official Ganabhaban residence here. "Bangladesh made phenomenal transformation in development with specific plans under Prime Minister Sheikh Hasina's prudent leadership. Other developing
IMF, WB under pressure to boost climate change financing
International Monetary Fund (IMF) and World Bank officials are joining dozens of economic leaders for a two-day summit in Paris, aiming to tackle the interlinked challenges of poverty alleviation and climate change. The meetings, hosted by French President Emmanuel Macron, have been billed as an opportunity to refocus the global financial
Dhaka made significant progress in bridging gaps: WB
Bangladesh has made significant progress in bridging gaps between low and high opportunity groups, particularly in the education sector, said Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan. "However, much remains to be done," he said adding, "South Asian countries must continue to reduce socio-economic disparities as they lead
Bangladesh, WB sign US$ 2.25 b loan deal
World Bank will provide USD 2.25 billion as loan to Bangladesh to develop various sectors, including regional trade and connectivity, disaster preparedness and environmental management. A loan agreement was signed on Monday between Bangladesh and the World Bank for implementing five projects. Prime Minister Sheikh Hasina and World Bank President David Malpass
WB okays $1.25b in 3 projects for Bangladesh
The World Bank has approved $1.2 billion financing for Bangladesh in three new projects under a new Country Partnership Framework for Bangladesh (2023-2027). The approval came on Thursday at a meeting of the global lender's Board of Directors in Washington, said WB press release. The Country Partnership Framework (CPF), anchored in the
Boosting trade reforms will help to navigate challenges: WB
Bangladesh made a rapid recovery from the Covid-19 pandemic, supported by prudent macroeconomic policies, but the economy now faces considerable challenges with global uncertainty, rising inflationary pressure, energy shortage, a balance-of-payments deficit, and a revenue shortfall, says the World Bank in its half yearly update released today. The Bangladesh Development Update
Air pollution causes for 20pc deaths in country: WB
A new World Bank (WB) report shows that air pollution is responsible for about 20% of the total premature deaths in Bangladesh. In South Asia, it causes an estimated two million premature deaths each year and incurs significant economic costs. The report titled "Striving for Clean Air: Air Pollution and Public Health
WB agrees to finance for dev of metro rail
The World Bank has agreed to provide fund for developing the metro rail-centric communication system, constructing walkways beside canals and procurement of electronic buses. It will provide support under the Integrated Corridors Management (ICM) project to turn every metro rail station from Mirpur-12 to Banglamotor integrated communication center, said a press