ADB to fund $ 1.5b for Bangladesh-Myanmar railways
Militancy threatens Bangladesh economic growth - World Bank economist Kaushik Basu Bangladesh economy could grow 8 pct in next four years - WB economist ADB to lend Bangladesh $45 mln for water resource project Bangladesh bring in Rony, Nurul for World T20 Bangladesh president says media ensures good governance
The Asian Development Bank (ADB) will fund $1.5 billion for building a rail line that will connect Cox’s Bazaar, Bangladesh’s beach resort, to neighbouring Myanmar as part of a larger Trans-Asian Railway network.
Bangladeshi Prime Minister Sheikh Hasina in 2011 opened construction work on the rail line
Economy to grow by 6.3pc in current FY- IMF
The Bangladesh economy will grow by 6.3 percent in the current financial year to end-June, the International Monetary Fund said on Monday, lower than the government target of 7 percent.
IMF said Bangladesh’s growth is projected to accelerate gradually to 7 percent over the medium term, as public investment is further ramped up and constraints on investment ease, with private investment also supporting a recovery in private-sector credit.
“Provided calm prevails, prudent policies remain in place, and ...
EU approves EUR 118m grants for Bangladesh
Grants worth EUR 118 million (11 Crore 80 Lac Taka) has been announced by the European Union for Bangladesh.
The grants have been allocated for for Civil Society Participation in Decision Making, Food and Nutrition Security, and Skills Development.
Three programs have been adopted under the grants which are Platforms for Dialogue Project – Strengthening Inclusion and Participation in Decision Making and Accountability Mechanisms in Bangladesh, Food and Nutrition Security program for Bangladesh 2015 and Skills 21 – Empowering citizens for inclusive and sustaina...
ADB to help develop regional transport projects
Bangladesh will receive a $30 million loan from the Asian Development Bank (ADB) to help develop transport corridors to stimulate trade in the region, a senior official said on Friday.
Senior finance ministry official Mohammad Mejbahuddin and Kazuhiko Higuchi, Bangladesh country director for the Manila-based ADB, signed the agreement in Dhaka.
"The assistance will be used to undertake technical studies and to prepare designs for future investments in large infrastructure projects in railways and roads sectors," Mejbahuddin told Reuters.
“The assistance...
Offshore Taka bond program, IFC to strength capital markets
IFC, a member of the World Bank Group, announced on October 11 that it has received an approval from Bangladesh’s Ministry of Finance for the first ever offshore Taka bond program. The $1 billion-equivalent bond program aims to strengthen capital markets and increase foreign investment in Bangladesh.
Under the program, IFC will issue the first Taka-linked bonds in the offshore market and bring the proceeds back to finance investment in Bangladesh. The bonds will be listed on the London Stock Exchange, according to IFC.
“Domestic capital markets are critica...