The leaders at the Paris summit recognised the urgent need for a massive expansion of official development financing from the Multilateral Development Banks (MDBs).

The World Bank has launched a $1.03 billion inter-country connectivity project in the South Asia region that will lead to an increase in national income by over 16 percent in Bangladesh.

“We stand ready to redouble our support under our new country strategy and accelerated implementation of our large existing portfolio,” said Martin Raiser.

New World Bank President Ajay Banga says

Bangladesh and the World Bank today signed two financing agreements in this regard

The country has been seeing a worsening plastic waste problem over the last decade and a half, and recently, a small step has been taken towards possible mitigation.

Bangladesh will get $4.9 billion in loan from the World Bank for a dozen projects in the next fiscal year, given that those are ready on time for implementation as stipulated by the global lender.

Reforms following the IMF prescription should not harm disadvantaged groups

The more than seven years average project implementation period for Bangladesh between 2016 and 2021 presents a risk to the effective implementation of the next country partnership framework, said the World Bank in a report recently.

A wide gap in formal and informal exchange rate has been one of the factors behind the sharp fall in the foreign exchange reserves in Bangladesh as it shifts remittances from official channels to unofficial routes and impedes repatriation of export proceeds, said the World Bank.

The multilateral lender says in its latest regional economic update

Bangladesh must make optimal use of the funds to benefit the people.

The World Bank has agreed to provide a loan of $2.25 billion to Bangladesh

Bangladesh’s policy responses to mitigate external imbalances have so far been inadequate although risks have deepened for the country owing to geopolitical tensions, said the World Bank today.

The key to the ACC’s effectiveness in delivering its mandate is independence, especially when setting the example that, in handling allegations of corruption, it is guided by equality before law, and not by the status or identity of the individual depending on their political, governmental, or other connections.

Malpass, appointed by former US President Donald Trump, will depart the multilateral development bank, which provides billions of dollars a year in funding for developing economies, by the end of June.

How much good did the World Bank do in our country?

The agricultural and cereal prices were 2 per cent higher than two weeks ago

Bangladesh has averted a potential major crisis by reaching out to the International Monetary Fund (IMF) in a timely manner, said Kaushik Basu, a former chief economist of the World Bank.

World Bank Managing Director for Operations Axel van Trotsenburg today reaffirmed the global lender’s strong support for Bangladesh to help achieve its vision of achieving upper-middle income status by 2031.