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Category Archives: WB- IMF-WTO

WB forecast Bangladesh’s 6.5 percent growth The World Bank says Bangladesh’s GDP growth will be 6.5 percent in the current fiscal.The government has said it is expecting a 7 percent GDP growth this fiscal. The World Bank’s Dhaka office released its report ‘Bangladesh Development Update’ on Tuesday, suggesting that the government should boost private sector investments. In its ‘Global Economic Prospects’ report, released in June ... Read More »

WB to scale up funding in BD The World Bank (WB) most likely will scale up its funding to Bangladesh, with pleading new financing commitments amounting to $1.9 billion for the current 2015-16 financial year (FY16). Referring to a meeting between finance minister Abul Maal Abdul Muhith and WB senior vice president Kyle Peters, the multi-donor agency in a press release issued on Sunday said the ... Read More »

WB to give $250 m. half of what BD sought as budgetary support: Muhith

The World Bank might give Bangladesh $250 million in budgetary support, not $500 million as it had offered earlier this year, Finance Minister AMA Muhith says, reports However, there are no problems over issuing the $1 billion Taka Bond by its lending arm, the International Finance Corporation (IFC), he said while speaking to at the Peruvian capital. Muhith ... Read More »

WB sees much geo-economic leverage for Bangladesh

Bangladesh’s location gives it an unique geo-economic advantage that can be leveraged for national economic growth, say World Bank experts, who are attending the three-day South Asia Economic Conclave in Delhi, reports Bangladesh is located strategically between South and South-East Asia. It can leverage that advantage for developing its trade and commerce, connectivity and infrastructure,” said Annette Dixon, the ... Read More »

WB okays $476m for two projects The World Bank on Friday (June 5, 2015) approved a total of $476 million for two projects in Bangladesh to develop a strong financial sector and to improve agricultural productivity for one million poor farmers. The projects approved by the Bank’s Board of Executive Directors are $300 million for the Financial Sector Support Project and $176.06 million for the ... Read More »

Asia to lead growth in 2015 despite China slowdown : IMF

Tokyo : The International Monetary Fund says Asian economies will grow at a 5.6 percent pace in 2015 as recoveries in India and Japan help to offset the slowdown in China. IMF economists expressed concern Thursday, however, over the potential for weaker growth if policy makers in the region fail to follow through with needed changes, saying it was a ... Read More »

WB to finance $200 mln in project to benefit 5 mln in rural areas The Government of Bangladesh on Tuesday signed a $200 million financing agreement with the International Development Association (IDA) of the World Bank for the Nuton Jibon Livelihood Improvement Project to benefit approximately 5 million poor people in the rural areas.IDA is the World Bank’s concessional loan arm. A loan agreement was signed in this regard by Economic Relations Division ... Read More »

Mustafa Kamal joins Muhith to disagree with WB forecast

Planning Minister AHM Mustafa Kamal has joined Finance Minister AMA Muhith to dismiss the Wold Bank’s forecast on the country’s growth prospects, reports He said Bangladesh’s economy grew at the rate of 6.5 percent in the first nine months (July-March) of the 2014-15 fiscal year. He claimed the political turmoil since the beginning of January had resulted in only ... Read More »

WTO cuts world trade growth forecasts for 2015 -16

Global goods trade will grow by 3.3 percent this year and by 4.0 percent in 2016, less than previously forecast, mainly due to sluggish economic growth, the World Trade Organisation said on Tuesday, reports “We expect trade to continue its slow recovery but with economic growth still fragile and continued geopolitical tensions, this trend could easily be undermined,” WTO ... Read More »

IMF worried over BD’s growth

IMF Desk Bangladesh has been wracked by political protests over the past two years. Paradoxically, despite the country’s dysfunctional politics, its economy has done well. Last year, the all-important garment sector defied the odds and actually grew around 14% between July 2013 and May 2014. This insulation of the economy from the country’s toxic politics may be coming to an ... Read More »