World Bank

Commendable poverty reduction in Bangladesh

Recent World Bank poverty estimates reflect the remarkable achievements made by Bangladesh. From 40 million poor people seven years ago, the figure has come down to 28 million today.
7 October 2016, 18:00 PM

WB funds Bangladesh $360m for improving inland waterways

The World Bank approves US$360 million to help Bangladesh improve the navigability, year-round safe transport for passengers and cargo along Bangladesh’s busiest waterways.
17 June 2016, 08:05 AM

PM joins G7 outreach meeting with other world leaders

Prime Minister Sheikh Hasina attends the Outreach Meeting of the G7 countries, representing world's seven major advanced economies.
27 May 2016, 04:19 AM

WB launches financial move for pandemics

The World Bank Group has launched Pandemic Emergency Financing Facility (PEF), a “fast-disbursing global financing mechanism” to protect the world against deadly pandemics.
24 May 2016, 06:06 AM

WB warns of water scarcity-driven growth curb

Water scarcity, exacerbated by climate change, could cost some regions up to 6 percent of their GDP, spur migration, and spark conflict, World Bank says in a report.
4 May 2016, 06:22 AM

Bangladesh can create millions of jobs in RMG sector: WB study

Bangladesh can create millions of jobs for garment workers through improving the productivity and social and environmental compliance, according to a new study by the World Bank (WB).
2 May 2016, 15:02 PM

Those who conspired to kill Joy won’t be spared: PM

Prime Minister Sheikh Hasina vows to bring to justice those who conspired both at home and abroad to abduct and kill her son Sajeeb Wazed Joy in the USA.
30 April 2016, 09:24 AM

WB doubts 7.05% growth prediction

World Bank expresses doubt about the 7.05 percent provisional estimate for Bangladesh’s GDP growth for 2015-16 fiscal year. The question is whether the official estimate is consistent with other growth-related indicators, says Zahid Hussain, the lender's lead economist.
30 April 2016, 06:18 AM

Ecaudor earthquake toll rises to 646

A week after Ecuador's devastating earthquake, President Rafael Correa has said the number of fatalities has risen to 646.
24 April 2016, 07:02 AM

BB heist: WB for including casinos in Philippines dirty money law

The Philippines must make sure casinos are covered by anti-money laundering legislation, the World Bank says, joining calls for the government to better regulate its gambling industry after stolen millions from Bangladesh found their way to Manila.
11 April 2016, 11:38 AM

ACC filed Padma graft case under WB pressure: outgoing chairman

The Anti-Corruption Commission (ACC) filed the Padma bridge graft case in 2012 in the face of the pressure of the World Bank, the ACC’s outgoing Chairman M Bodiuzzaman says, adding that the move was made only to ensure the bank's funding in the Padma bridge project.
13 March 2016, 11:37 AM

New WB country director starts tomorrow

Qimiao Fan starts tomorrow as the World Bank’s new country director for Bangladesh, Bhutan and Nepal.
6 March 2016, 10:17 AM

Padma bridge ‘conspirators’ to be tried: PM

Prime Minister Sheikh Hasina tells parliament that the ‘conspirators’ of the Padma bridge project will be tried under the country’s existing laws.
10 February 2016, 12:52 PM

Annisul for bringing storm drainage system under city corporations

If entrusted with the management of city’s storm drainage system, Dhaka city corporations will play a role in resolving the acute urban flooding and water logging problem in the capital city, said Dhaka North City Corporation Mayor Annisul Huq.
25 January 2016, 14:03 PM

Bank MD’s removal led to Padma fund cancellation threat: PM

Prime Minister Sheikh Hasina alleges that she had been threatened that funding to Padma Bridge project would be stopped if a particular person was not there as the managing director of a particular bank.
16 January 2016, 11:44 AM

WB okays $1.5b loan for toilets in India

The World Bank has approved a $1.5 billion loan for a sanitation programme in India, where millions of people have no access to toilets.
16 December 2015, 12:33 PM

‘Poor infrastructure, slow bureaucracy major challenges’

World Bank Senior Vice President and chief economist Dr Kaushik Basu says poor infrastructure and slow bureaucracy are two major challenges for Bangladesh’s economy, which is according to him, is standing at the ‘takeoff stage’.
15 December 2015, 14:59 PM

ADP implementation slows down

The World Bank in its latest Public Expenditure review has found that 22 per cent of the development projects over the last five years...
1 December 2015, 18:00 PM

Waterlogging can be solved

The picture published in yesterday's paper portrays a menace we are all too familiar with: canals blocked by garbage. The inevitable waterlogging...
24 November 2015, 18:00 PM

WB giving $177m more for power sector

The World Bank approves an additional tranche of $177 million for Bangladesh’s power sector to increase reliable and low-cost electricity.
14 November 2015, 12:19 PM