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Category Archives: WB- IMF-WTO

Bangladesh ranked 90 of 118 countries

businessnews24bd.com Bangladesh has been ranked as a country with “serious” hunger level of its population undernourished on the 2016 Global Hunger Index released Tuesday. Placed 90 in a ranking of 118 developing countries, Bangladesh performed worse than most of its South Asian neighbours in eliminating hunger. On a 0-100 point scale (with 100 being the worst in hunger levels), Bangladesh ... Read More »

BD’s extreme poverty rate drops by 12.9 pc: WB

Bangladesh’s extreme poverty rate has dropped to 12.9 percent of the total population in 2015-16, the World Bank says.  In its ‘Bangladesh Development Update’, released on Monday, the multi lateral lending agency said it has come down from 13.8 percent in the previous 2014-15. WB Dhaka office’s Lead Economist Zahid Hussain highlighted the key features of the report on Monday ... Read More »

Cautionary stance on hard loans

businessnews24bd.com The government has taken on a cautionary approach for hard-term external borrowing to mitigate future risks even though there is no longer such condition from the International Monetary Fund. From now, the government has decided to consider foreign loans with grant element lower than 35 percent to be hard-term ones. The IMF set the condition in its Extended Credit ... Read More »

WB approves additional $150m for health sector

businessnews24bd.com The World Bank (WB) approved $150 million in additional financing to help strengthen Bangladesh’s health systems and improve health services, particularly for the poor.”This additional financing to the Health Sector Development Programme will continue support to implement the government’s Health Sector-wide Programme,” a WB release said today. It also mentioned that the support would help the government address health ... Read More »

$130m more as loan from WB for economic zones

businessnews24bd.com The government has signed a $130 million additional financing agreement with the World Bank for the development of the recently licensed and new economic zones in Bangladesh. The loan was given to the Private Sector Development Support Project (PSDSP), according to a media statement from the global lender. Economic Relations Division Additional Secretary Kazi Shofiqul Azam and Acting World ... Read More »

Dhaka to seek more IDA assistance for infrastructure development

businessnews24bd.com The World Bank (WB) and International Development Association (IDA) will begin their IDA-18 meeting in Myanmar’s capital Naypyidaw today (Tuesday) where Bangladesh is joining to seek more assistance for infrastructure development. The country for the first time is attending the meeting known as IDA-18 where the WB and its donor partners discuss mobilisation of the fund and its utilisation ... Read More »

WTO chief warns UK of Brexit risks

businessnews24bd.com The UK outside the European Union would face uncertain trade relations, according to the World Trade Organization (WTO). In a BBC interview, the WTO’s director general, Roberto Azevedo, said Britain would not have the same negotiating leverage as the EU. Britain could have to impose £9bn worth of additional tariffs on imports, raising the cost of living. Exporters could ... Read More »

WB approves US$ 213 m for weather, education projects

businessnews24bd.com The World Bank has approved US$ 213 million for two projects in Bangladesh to improve weather and climate information services and to strengthen college education provided through affiliates of the National University. The US$ 113 million Weather and Climate Services Regional Project will help Bangladesh provide reliable weather, water and climate forecasts and enable communities, especially farmers, to access ... Read More »

BD gets $176 m WB loan to help poor farmers

businessnews24bd.com Bangladesh has signed a $176 million deal with the World Bank to help more than a million of its poor farmers boost output and gain better access to markets. Funding from the World Bank’s International Development Association (IDA) will increase and diversify the productivity of crops, livestock and fisheries, besides enhancing market access, the World Bank said in a ... Read More »

$176.06mn deal signed with WB to boost agri productivity

businessnews24bd.com The government of Bangladesh on Tuesday signed a $176.06 million financing agreement with the World Bank to increase the agricultural productivity and have access to markets for over one million poor farmers, particularly women.Economic Relations Division (ERD) Senior Secretary Mohammad Mejbahuddin and World Bank Country Director Qimiao Fan signed the deal on behalf of the government and the World ... Read More »

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