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
Tag: World bank
Big-time shake-up in top echelons of World Bank
The World Bank’s senior leadership is undergoing a major reshuffle as calls for the institution to reform grow louder. If development finance institutions were students in a class on transparency, let’s just say a lot of them would be held back a few grades. And the World Health Organization kicks off
WB MD reiterates strong support to Bangladesh
World Bank Managing Director for Operations Axel van Trotsenburg on Tuesday reaffirmed the World Bank's strong support for Bangladesh to help achieve its vision of upper-middle income status by 2031.He came to Dhaka on Saturday on a three-day visit, marking the 50 years of partnership between the World Bank and
BGMEA seeks WB support for RMG development
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan on Monday sought the support of the World Bank for the RMG industry in the areas of sustainability, skills development, technological upgradation and innovations. He also urged the World Bank for supporting the SMEs with low-cost finance so that they could
PM urges WB to raise support to pandemic, war hit nations
Prime Minister Sheikh Hasina on Monday urged the World Bank and other international organisations to boost their support for the countries hit by the Covid-19, the Russia-Ukraine war and climate changes.The premier made this call when World Bank Managing Director for Operations Axel van Trotsenburg paid a courtesy call on
WB to continue to support Bangladesh’s digital journey
Visiting World Bank (WB) Managing Director Axel Van Trotsenburg on Sunday praised the excellent progress of 'Digital Bangladesh' and promised to continue their support in Bangladesh's digital journey to flourish the ICT sector.His assurance came at a function organised by ICT Division, marking the `Celebration of 50 years of Bangladesh
WB predicts 5.2pc growth for Bangladesh in FY’23
The World Bank on Wednesday cut Bangladesh's economic growth (gross domestic product -GDP) forecast for the 2022-23 fiscal year further by 0.9 percent to 5.2 percent, due to a combination of factors including elevated inflation, energy shortages and tightening of the monetary policy.The GDP growth has been predicted in the
Bangladesh is true global champion: WB
New World Bank Country Director to Bangladesh and Bhutan Abdoulaye Seck Tuesday lauded highly the economic development of Bangladesh over the years and thus termed the country as a 'true global champion' on various fronts.He explained that Bangladesh is a 'true global champion' on various fronts like attaining GDP growth,
Economy offers reasons for optimism despite problems
Economists are hopeful that Bangladesh's economy will regain the growth momentum while reducing inflation and stabilising the exchange rate in the New Year. Despite higher inflation and fluctuating currency exchange rate, record defaulted loans, they are optimistic about the overall growth of the domestic economy, which is predicted by the
