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Dhaka can benefit from Indo-Pacific economic corridor: US

Bangladesh can benefit greatly from the establishment of an Indo-Pacific economic corridor if it can overcome the troublesome legacy of its past and come together around a democratic political transition in the coming months, said an US official. “Bangladesh, where I was earlier this week, stands to benefit greatly from the establishment of an Indo-Pacific economic corridor if it can conquer the divisive legacy of its past and come together around a democratic political transition in the coming months,” said US Assistant Secretary for South and Central Asian Affairs Nisha Desai Biswal. Biswal, who had been on a three-day visit here last week, made the remark at her swearing-in ceremony in Washington on November 21, according to the US State Department.

ADB grants $ 90m aid for Bangladesh edn programme

Asian Development Bank (ADB) Thursday signed a loan agreement worth $90 million with Bangladesh to overhaul the country's secondary education sector and build the foundation for developing a skilled labour force. The assistance is the first tranche of the $500 million Secondary Education Sector Investment Programme (SESIP) approved by ADB in September this year, said a statement from the Manila-based lender. Mohammad Abul Kalam Azad, secretary of Bangladesh's Economic Relations Division (ERD) and M. Teresa Kho, country director for ADB's Bangladesh Resident Mission, signed the loan agreement. "Skills shortage is a key challenge Bangladesh is facing to graduate to the next orbit of development," said Teresa Kho.

Debate in EU Parliament tonight for resolution on Bangladesh

Amid the growing political tension, a debate is going to be held in the European Parliament on Thursday night for a resolution on Bangladesh focusing human rights and forthcoming election issues. In the proposal, there are calls for formation of a neutral and impartial transitional government that has the confidence of all political parties and the international community to oversee the next crucial election. EU ParliamnetIt also calls for the national reconciliation and dialogue between all political parties and a peaceful electio...

ADB to provide $1.5m tech assistance grant for RHD

The Asian Development Bank (ADB) will provide $1.5 million for strengthening the Roads and Highways Department (RHD) as a support of the government’s institutional development initiatives. ADB and the Government of Bangladesh on November 14 signed a technical assistance (TA) grant agreement to this effect. ​The Government of Japan is financing the TA through the Japan Fund for Poverty Reduction. ADB will administer the fund, and provide technical support for project implementation, says a press release. The release said the technical assistance project will help modernize the RHD and streamline its business processes. It will also support RHD to improve its schemes for maintenance of roads and bridges, and overloading control.

Yunus not enjoying respect he deserves

Grameen Bank founder Dr Muhammad Yunus has not been enjoying the respect he deserves in his own country, said German Ambassador to Dhaka Dr Albrecht Conze. “It saddens me that the distinguished pioneer of microfinance and social business has not been enjoying the respect he deserves in his own country lately,” the German diplomat came up with the remark when he met Prof Yunus in Thursday morning to convey an invitation by German President Joachim Gauck to visit Berlin early next year. Yunus-German envoyDuring the meeting, the Germa...

Decisions to be taken in Nov to help RMG sector

Netherlands Ambassador to Dhaka Gerben De Jong on Wednesday said this November is extremely important for further development in the readymade garment sector as two important decisions will be taken during the period which will help Bangladesh become the number one producer in the world. “Because, in November there are two decisions to be taken – one on joint standards to inspect factories and secondly the discussion on the minimum wage,” the envoy told a function in the city. Ned envoyJong said it will be very difficult to explain in Euro...