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ADB forecasts 6.7pc GDP growth

Bangladesh economy is expected to perform strongly this year, according to the latest figures from the Asian Development Bank (ADB). ADB in its outlook update 2015 forecasted that Bangladesh’s Gross Domestic Product (GDP) growth will be 6.7 percent this fiscal year, up from 6.5 percent in the previous year. adb1“Brisk domestic demand, supported by remittances, public investment and manufacturing for domestic market pulled the economic growth in FY2015,” Kazuhiko Higuchi, country director of ADB, said at a media briefing at the Bank’s Dhaka office today. T...

IMF plans to empower emerging markets: report

The International Monetary Fund (IMF) is looking at a compromise deal on governance reforms by increasing the quota for emerging economies as an interim measure before a deadline for US action expires, sources quoting key officials at the IMF said. Under the compromise deal, the quotas of emerging economies will increase without any reduction in the US quota as proposed in 2010 and reaffirmed during the 2013 Spring Meeting of the IMF and the World Bank in Washington 0n 18 April 2013. IMFThe plan to double IMF’s resources and boost the voting rights of emergin...

ILO starts labour inspection training course

The Department of Inspections for Factories and Establishments (DIFE) along with Bangladesh Institute of Administration and Management (BIAM) and International Labour Organization’s (ILO) Improved Working Conditions in the Ready-made Garments Sector Programme, have designed a 40-day course called Foundational Training for Labour Inspection Officials. The course aims to improve the professional skills of inspectors and focuses on labour market-related policies and programmes, occupational safety and health, international labour ILOstandards and bangladesh labour l...

Qatar Charity provides water in Bangladesh

Qatar Charity (QC) has reached out to Bangladesh which is caught in the grip of a drought. QC started a project in Nouga, which has suffered a shortage of drinking and irrigation water and other basic services, resulting from a drought in the region. The project is wide-ranging in the facilities it is offering. It comprises 12 water units with networks for the people and lands, a health centre with outpatient clinics, inpatient beds and laboratories and a school for children, at a cost of over QAR2m. People collect water at a refugee camp for Muslims ... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

$180m USAID program for food security

US Ambassador Marcia Bernicat today announced that the USAID will launch a new $180 million five-year phase of its Food for Peace (FFP) program this year to face food insecurity of the poorest and most vulnerable people in Bangladesh. She made the announcement at a function - USAID Food for Peace Program in Bangladesh, 2010-2015: Exploring Successes and Challenges - at a city hotel, reports BSS. us AmbassadorLGRD and Cooperatives Minister Khandkar Mosharraf Hossain attended the function as the chief guest while USAID Bangladesh Mission Di...

WB to help 1.1m Bangladeshi villagers to access energy

The World Bank has signed a $15 million grant agreement with Bangladesh to increase access to clean energy for targeted rural areas through output-based aid (OBA) subsidies. The grant is expected to benefit 1.1 million people living in poor, remote areas of Bangladesh currently lacking electricity from the power grid, a statement from the bank said on Saturday. The project will make clean energy affordable to low-income households without using the grid by bringing down the cost of 225,000 solar home systems and 2,500 mini-grid connections. wbThe grant will f...
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