World Bank

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

The Poverty Line's Battle Lines

Being in the business of measuring poverty is a challenge for the World Bank. If poverty declines, critics accuse us of trying to showcase our success. If it rises, they say we are ensuring that we stay in business. And if it stays the same, they accuse us of trying to avoid these two charges.
12 November 2015, 18:00 PM

Global warming can push 100m more into poverty: World Bank

Global warming could elevate disease, ravage crops and push 100 million more people into poverty without action to prevent it, the World Bank warned in a disturbing new report Sunday.
9 November 2015, 04:44 AM

Down two points in ranking

According to the World Bank's (WB) latest edition of business-environment ratings, the country slipped down two notches to rank 174 out of 189...
29 October 2015, 18:00 PM

WB estimates 6.5% GDP growth in FY 2015-16

The World Bank projects the gross domestic product (GDP) growth in FY16 at 6.5 percent.
20 October 2015, 08:31 AM

Bangladesh's growth prospect 2nd highest in SAARC

Bangladesh's growth prospect is the second highest among the eight-nation SAARC (South Asian Association for Regional Cooperation) region, according to the latest report of the World Bank.
13 October 2015, 13:44 PM

WB official meets Muhith, talks $1.9bn financing

A senior World Bank official has met Finance Minister AMA Muhith in Peru and discussed a new financing scheme of $1.9 billion.
11 October 2015, 04:37 AM

Women workforce growing fast

World Bank President Jim Yong Kim has hailed Bangladesh's efforts to integrate more women in the workforce and singled it out as an
10 October 2015, 18:00 PM