Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
“The announcement of mandatory military conscription in February 2024 has accelerated migration to rural areas and abroad, fueling reports of worker shortages in some industries,” the World Bank said. The junta also lost access to some key land borders with China and Thailand, resulting in a sharp decline in overland trade. “Except for natural gas, […]
“The long-term displacement crisis that the Government of Bangladesh is dealing with is ultimately a challenge to assist people, whether they are in the host community or among the displaced Rohingya population,” said S. Amer Ahmed, World Bank Task Team Leader for the ISO project. “The ISO project will help vulnerable families in both communities […]
Calculations have shown that if a country takes a $1 billion loan from China, it will have to pay an average of $100 million of principal per year for the next 10 years, excluding the grace period, while the World Bank says This is $33.3 million annually. , Talking about this, Zahid Hussain, former chief […]
As updated by the Finance Ministry, lenders provided a total of US$ 1.77 billion in FY 2022-23. The highest amount received as budget support was US$ 2.6 billion in FY 2021-22, up from US$ 1.09 billion in the previous fiscal year and US$ 1 billion in FY 2019-20. In the last fiscal year, Bangladesh has […]
According to the World Bank, Bangladesh's economy is currently facing four challenges – high inflation, foreign exchange deficit, import restrictions and risks to the financial sector. However, the WB estimated that Bangladesh's economy would grow at 5.6 percent, although the government has targeted a growth of 7.5 percent. The Washington-based global lender highlighted these in […]
While unveiling the World Bank report, the minister expressed disappointment saying that he has no pleasure in unveiling the report as it presents an issue that needs serious attention. There is no doubt that this is an important report. Citing the Constitution, the minister said, “As per the Constitution, we are committed to ensuring a […]
Despite the ongoing dollar crisis and dwindling foreign exchange reserves, a staggering amount of foreign aid – USD46.55 billion or Tk 5120 billion – remains untapped in Bangladesh. Funds were provided by donor agencies, but have not been released yet. It was revealed that due to some limitations on the part of the recipient and […]
Prime Minister Sheikh Hasina today asked the World Bank (WB) to provide more loans at concessional rates to create more women entrepreneurs for their socio-economic advancement and implement climate-related projects. “You (WB) can give a special fund for the socio-economic development of women in Bangladesh. The special fund will accelerate the government's efforts to create […]
The report says countries eligible to borrow from IDA may face a tough ride in the coming years: interest payments on their total external debt stock have quadrupled since 2012, the highest level ever. has reached US$23.6 billion. As interest rates rose in advanced economies, private lenders chased the money in 2022: They largely withdrew […]
The loan default rate in Bangladesh now stands at 10.11 percent of total loans. In Sri Lanka, which is facing economic crisis, this rate is 13.33 percent. In Pakistan it is 7.4 percent. Default loan rate is low in India. India’s loan default rate came down to 3.9 percent in the first quarter (January-March) of […]
World Bank Executive Director Parameswaran Iyer said on Thursday that Bangladesh’s development model can be followed by other developing countries. “Bangladesh has seen an unprecedented change,” he said while paying a courtesy call at Gana Bhavan, the official residence of Prime Minister Sheikh Hasina in Dhaka in the morning. After the meeting, PM’s press secretary […]
The fatality rate in road accidents involving motorcycles is high because most of the helmets used by the riders are substandard in the country. While 100 per cent riders in Dhaka city wear helmets, it is time to pay attention to the helmet standard and raise awareness about the need to wear helmets outside the […]
Let me start with a little reminder. It was the early nineties and the wave of economic reforms and liberalization was sweeping through the developing countries. My colleague Tapan and I had just returned from completing our higher studies abroad and joined the National Board of Revenue. At that time our economy was insular and […]
There he met King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema of Bhutan. In addition, Sheikh Hasina interacted with the Presidents of Egypt and Rwanda, Prime Ministers of Sierra Leone, Singapore, Sri Lanka, Gambia, Namibia and Uganda at the coronation event of King Charles III. Former UK Prime Minister Tony Blair and Commonwealth Secretary-General […]
