12:24 am - Thursday April 26, 2018
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$ 515m WB assistance to Bangladesh

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The government today signed two financing agreements totaling $ 515 million with the World Bank (WB) to help expand electricity transmission network and improve insurance coverage. The agreements were signed by Economic Relations Division (ERD) Additional Secretary Mahmuda Begum and World Bank Country Director Qimiao Fan on behalf of the government of Bangladesh and the World Bank, respectively, at the ERD. The $450 million Enhancement and Strengthening of Power Transmission Network in Eastern wbRegion Project will improve reliable ele...

Bangladesh, India sign 129.5 km oil pipeline deal

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Bangladesh and India signed an agreement here on Monday on their proposed 129.5 km oil pipeline aimed at pumping Indian oil to Bangladesh with a capacity of 1 million tonnes per annum. The deal was part of the six memorandum of understandings (MoUs) which Dhaka and New Delhi signed during a meeting between their Foreign Secretaries at State Guesthouse Padma in the capital, Xinhua news agency reported. [caption id="attachment_26499" align="alignleft" width="573"]e01e47305263fe8e8a... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

WB to help BD improve microenterprises

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The World Bank approved $560 million for two projects in Bangladesh to improve reliable power supply and help micro enterprises become environmentally sustainable. “The World Bank is helping Bangladesh overcome barriers to higher growth. Unreliable power supply and environmentally-unstainable enterprises hinder a county’s competitiveness and poverty reduction efforts,” said Zahid Hussain, World Bank Acting Country Director for Bangladesh. “By improving electricity transmission and helping in micro-enterprises adopt environment-friendly technologies, these projects will help Bangladesh achieve sustainable growth and advance towards upper middle-income country vision.”

WB to finance BRT project

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The World Bank has shown their interests to finance the Bus Rapid Transport (BRT) project, designed for quick transportation between Gazipur and Dhaka Airport which would take only 20 minutes. Road Transport and Bridges Minister Obaidul Quader said this to reporters after a meeting with the World Bank representative led by acting World Bank country director Rajsree Palongkar at the conference room of his office in Dhaka on Sunday. “We have asked the concerned authority to start the project work soon as the World Bank is wb

WB to provide additional $ 1b for childcare

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World Bank President Jim Yong Kim today declared an additional USD 1 billion fund for Bangladesh to develop childcare in the country. The financing will be disbursed in the next two years and will be to develop the situation of child health and nutrition, the visiting WB chief said in a briefing. kim-wb-afp-wbKim made the announcement at a joint press conference after holding talks with Bangladesh Finance Minister AMA Muhith at his ministry office in Dhaka. ‘PADMA BRIDGE TROUBLES OVER’ Finance Minister M...

Dhaka-Beijing ties heading towards promising future: Xi

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Chinese president Xi Jinping on Friday said the Bangladesh-China relations are now at ‘new historical’ turning point and heading towards a ‘promising future’. “China-Bangladesh cooperation will deliver more fruits for the people of the two countries, and will contribute to peace and stability and development in the region,” he said. The Chinese president made the remarks after official talks with prime minister Sheikh Hasina and signing of 27 china-bdMoUs and agreement between the two countries at the Prime Minister’s O...