There has been a slowdown in growth of remittances to Bangladesh — one of the lifelines of the country’s economy — fuelled mostly by the slow outmigration of migrants who returned home amid the Covid-19 pandemic, says a new report by the World Bank. The “COVID-19 Crisis Through a Migration Lens”,
Tag: World bank
Govt, WB ink $250m deal to create jobs in Bangladesh
The government Thursday signed a $250 million financing agreement with the World Bank on creating more and better jobs, recovering faster from the COVID 19 pandemic and building resilience for future crises. The agreements were signed by Economic Relations Division secretary Fatima Yasmin and World Bank Country Director for Bangladesh Bhutan
Over $1bn deal with WB for pandemic response
The government of Bangladesh signed a total of three financing agreements totaling $1.04 billion with the World Bank to respond to the pandemic and build resilience to future crises including vaccination. Economic Relations Division secretary Fatima Yasmin and World Bank Country Director for Bangladesh and Bhutan Mercy Tembonsigned the agreements on
WB okays $120 mn to help Bangladesh improve food security
The World Bank has approved $120 million to help Bangladesh improve food security by enhancing climate resilience and productivity of irrigated agriculture and fisheries. The Climate-Smart Agriculture and Water Management Project will rehabilitate and modernize public Flood Control, Drainage, and Irrigation (FCDI) infrastructures, according to a press release. This will help improve
Bangladesh to gain from seamless transport connectivity with India: WB
Seamless transport connectivity between India and Bangladesh has the potential to increase national income by as much as 17 percent in Bangladesh and 8 percent in India, according to a new World Bank (WB) report. ''Connecting to Thrive: Challenges and Opportunities of Transport Integration in Eastern South Asia'' analyses the Bangladesh-Bhutan-India-Nepal