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Category Archives: WB- IMF-WTO

Padma bridge corruption conspiracy: Acquittal sparks call for apology by WB Three former senior executives of SNC-Lavalin Group in Canada were acquitted in the Padma bridge corruption conspiracy case, a development that prompted calls for apology from those who were vocal against the alleged graft attempt. On Friday, Justice Ian Nordheimer of the Ontario Superior Court in Canada ruled that he had serious concerns about three applications the Royal Canadian ... Read More »

IMF, Greece split on outlook for economy

WASHINGTON, Feb 8, 2017 (BSS/AFP) – The International Monetary Fund and Greece are at odds over the outlook for the troubled European nation’s economy, a split that likely will continue to hold up further IMF financing. Greece Finance Minister Euclid Tsakalotos said the IMF report on the economy, released Tuesday, “fails to do justice” to his country by underestimating growth ... Read More »

WB to give $360 m to improve waterway connectivity With the aim to improve navigability of 900km waterways, the government on Wednesday signed a financial agreement of US$ 360 million with World Bank (WB). The improvement of waterways in Chittagong-Dhaka-Ashuganj Corridor and connecting routes would enable safe transport of passengers and cargo round the year. Senior Secretary of Economic Relations Division (ERD) Mohammad Mejbahuddin and Qimiao Fan, World Bank Country Director ... Read More »

IMF Board retains ‘full confidence’ in Lagarde’s leadership despite her conviction

WASHINGTON, Dec 20, 2016 (AFP) – The International Monetary Fund said Monday it retains “full confidence” in Christine Lagarde’s ability to continue to lead the organization, despite her conviction for negligence in a French court. The fund’s board met in the wake of the court decision finding her guilty in a 2008 case dating back to her tenure as French ... Read More »

IMF chief found guilty in French negligence trial

French judges found IMF chief Christine Lagarde guilty of negligence on Monday for failing to challenge a state arbitration payout to a business tycoon in 2008 when she was French finance minister, but they did not punish her, reports Reuters. “The context of the global financial crisis in which Madame Lagarde found herself in should be taken into account,” said ... Read More »

WB gets a pat on the back from Hasina for recognising Dhaka’s contribution

  Hasina, speaking at a ceremony in Dhaka to mark the End Poverty Day 2016 attended by senior officials of The World Bank Group including its president, listed the areas of successes in Bangladesh’s 45 years and hoped the international community would live up to its promises in helping reach climate change targets and SDGs, reports She said she ... Read More »

Additional WB $1b for Bangladesh childcare

BBC Online World Bank President Jim Yong Kim  today declared an additional USD 1 billion fund for Bangladesh to develop childcare in the country. The financing will be disbursed in the next two years and will be to develop the situation of child health and nutrition, the visiting WB chief said in a briefing. Kim made the announcement at a ... Read More »

IMF, WB now give more importance to BD’s views: Muhith

The IMF and the World Bank now attach greater importance to the views of Bangladesh and other developing countries, Finance Minister Abul Maal Abdul Muhith has said, reports  He was speaking to reporters on the final day of the Annual Meetings of the IMF and the World Bank Group in Washington DC on Sunday. World Bank President Jim Yong ... Read More »

WB President Jim Yong Kim visits Bangladesh on Sunday The World Bank president Jim Yong Kim is arriving in Dhaka on Sunday to observe the ‘International Day on Poverty Alleviation’ in Bangladesh the next day. He is also expected to deliver a ‘public lecture’ on poverty alleviation in Dhaka. Finance Minister AMA Muhith says Kim’s observing the day in Bangladesh will be great recognition for its achievements in ... Read More »

Global Handwashing Day Today

BBC Online The annual Global Handwashing Day, dedicated to increasing awareness and understanding about the importance of hand washing with soap as an easy, effective, and affordable way to prevent diseases and save lives, will be observed here on Saturday. The day marks the campaign to motivate and mobilize people around the world to improve their handwashing habits by washing ... Read More »