The Asian Development Bank (ADB) has approved a $120 million loan in additional funding for a 6-year government-led program to improve the quality and reach of primary education in Bangladesh.
The loan will be complemented by cofinancing from the European Union, the Global Partnership for Education, the United Nations Children’s Fund, and the World Bank. The Government of Bangladesh will provide the remaining $1.7 billion for the country’s $9.8 billion Third Primary Education Development Program, launched in 2011.
ADB’s original financing was a $320 million loan, and it agreed in 2011 to make more funds available if implementation was successful. This was confirmed by a joint midterm review by the Government of Bangladesh and its development partners completed in September 2014, w...
Denied their traditional route out of poverty in the Gulf and often urged on by relatives, growing numbers of young Bangladeshis are joining the waves of Rohingya trying to reach Southeast Asia on horror boat journeys.
As the plight of millions has worsened in Bangladesh in recent years, smugglers organising the perilous sea voyages have grown increasingly sophisticated, keen to cash in on their misery.
Scores of men have left their grindingly poor villages throughout the country after the smugglers came calling, promising jobs i...
Bangladesh Bank governor Dr Atiur Rahman on Thursday recommended that British bank Standard Chartered should engage in selling different Bangladeshi bonds in the international market, particularly to the non-resident Bangladeshis living abroad.
“We want you to move a step further so that the NRBs, who are living all around the world, should have the access to investment in Bangladesh... They can be able to buy the premium bonds online sitting on their own desk instead of coming to Bangladesh embassies,” he told a function celebrating the 110<...
The gap between the rich and the poor keeps widening, the Organisation for Economic Cooperation and Development (OECD) says.
In its 34 member states, the richest 10% of the population earn 9.6 times the income of the poorest 10%.
There is no standard measure of inequality, but most indicators
suggest it slowed or fell during the financial crisis and is now growing again.
The OECD warns that such inequality is a threat to economic growth.
The report says this is partly because there is a wider gap in education in t...
Mobile phone operator Robi has bought the sponsorship rights of the Bangladesh cricket team.
Media planning agency Top of Mind, which had bought the sponsorship right for two years, sold it to Robi Axiata Ltd. that will
sponsor the team for the first time, announced Bangladesh Cricket Board (BCB) marketing committee chief Kazi Inam Ahmed on Thursday, reports bdnews24.com.
Top of Mind beat Grameenphone in the final tender with a bid of 414.1 million taka on Wednesday to earn the rights.
In June 2012, Indian firm Sahara had outb...
Falling prey to traffickers, Bangladeshis sailing to Malaysia are sold at four different destinations. It begins at Teknaf in Cox’s Bazar and ends at the Thai jungles bordering Malaysia. The victims say this last stop is the worst. If ransom is not paid, this is where their lives end.
Many Bangladeshis and Myanmar’s Rohingyas who were freed from this last stop known as “jungle camp”, are now languishing in Thai jails. Details of the trafficking route, the changing of hands and the human trading, were revealed by several...
