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Bangladesh now a lower middle income country

Bangladesh yesterday graduated from the low income status to lower middle income nation (LMIC), meeting the World Bank’s requirements comfortably. This will be seen as a giant leap forward for the country to become a middle income nation after being bracketed as a low income country for decades. The promotion came on the back of the country’s stride towards higher per capita income in recent years, riding on stable economic growth. A playful child on a rickshaw. Dhaka, Bangladesh. May 16, 2007. (photo)The WB used last year’s data to determine this year’s ...

ADB to provide $505m loan for improving railway

The Asian Development Bank (ADB) and the government today (Sunday) signed agreement for $505 million loan to further improve the country’s railways that will help the national economy and boost subregional trade, reports BSS. Mohammad Mejbahuddin, Senior Secretary, Economic Relations Division (ERD), and Kazuhiko Higuchi, Country Director, Bangladesh Resident Mission of ADB, signed the agreement on behalf of Bangladesh and ADB respectively, at a programme at ERD, Sher-e-Bangla Nagar, Dhaka. adb1“The assistance will help railways better serve needs of...

WB’s budget support appears unlikely

The World Bank (WB) appears reluctant to come forward with a $500 million credit line under the budget support programme, to the frustration of the government policymakers who for nearly one year tried to persuade the bank into giving the budget support loan. Slow pace of reforms in the overall economy, along with fund shortage of the bank are known to be the two principal reasons for the creditor’s unwillingness to sign the ‘budget support’ loan agreement with the government, a senior finance ministry official said. wbAt least three or four meetings we...

Giving a voice to women representatives

Around 2,000 female public representatives of rural Bangladesh will be trained this year for promoting their leadership skills, says Unicef. The UN body and the National Institute of Local Government (NILG) have initiated the programme for the elected women representatives of Union Parishads (UPs) and Upazila Parishads (UZPs) in 20 women bdselected districts. The overall goal of the initiative is to build capacity of elected women representatives and officials of local government institutions focussing on improved awareness of child rights...

Workshop on EU-BD cooperation in aquaculture sector

A consultative workshop organised by the delegation of the European Union to Bangladesh was held in the city on Wednesday to explore the potential for EU-Bangladesh cooperation in the aquaculture sector and exchanging views among representative counterparts. The workshop presentations focused on challenges and interests in seafood security issues in Europe and Asia: identification of common areas of interest and scope for cooperation with bd-euBangladesh; EU instruments for international cooperation, and European Aquaculture technology and Innovation platfor...

ADB appoints 2 new Vice-Presidents

The Asian Development Bank (ADB) has appointed Diwakar Gupta as Vice-President for Private Sector and Cofinancing Operations, and Bambang Susantono as Vice-President for Knowledge Management and Sustainable Development. Mr. Gupta will be responsible for operations of the Private Sector Operations Department and the Office of Cofinancing Operations. He succeeds Lakshmi Venkatachalam, who just left ADB. [caption id="attachment_17232" align="alignleft" width="300"]adb new vps Diwakar Gupta (L), new ADB Vice-President for Private Sector and Cofina...
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