Govt to further strengthen delta management with WB, Netherlands
The government of Bangladesh signed an agreement on Tuesday with the Netherlands and the World Bank Group including its private sector arm, International Finance Corporation (IFC) with the 2030 Water Resources Group to strengthen management of the Bangladesh Delta, Asia’s largest and the world’s most populated delta. The partnership will help to develop and implement the Bangladesh Delta Plan 2100, a long term and holistic vision for the Bangladesh Delta, and help to realize Bangladesh’s goal of becoming a middle-income country by 2021 while maintaining the unique biodiversity and physical characteristics of the delta.
Dutch ministers for good tie with Bangladesh
Dutch Minister for Foreign Trade and Development Cooperation Lilianne Ploumen and Minister of Infrastructure and the Environment Melanie Schultz van Haegen are visiting Bangladesh from 14 to 18 June. Textiles and water form the focus of the trip, which aims to strengthen bilateral trade and development ties. A multi-stakeholder delegation comprising representatives of Dutch water companies, textile companies, trade unions, NGOs and pension funds will accompany the ministers.
Bangladesh’s position as a delta country with...
Bangladesh’s position as a delta country with...
Revenue, investment major challenges: WB
Financing may be a major constraint for implementation of the proposed budget, in view of revenue earning scenario, the World Bank said on Monday.
It observed that the government’s growth target may also be affected by investment shortage and persistent weakness in business regulation and service delivery.
In its budget analysis, the lending agency stuck to its earlier projection of Bangladesh growth at 6.3 per cent for 2015-16 fiscal year, as against the budget target of 7 per cent.
The WB earlier estimated the GDP growth for 2014-15 fiscal at 5.6...
The WB earlier estimated the GDP growth for 2014-15 fiscal at 5.6...
World Bank FSSP to improve financial market infrastructure
The World Bank approved a total of $476 million for two projects in Bangladesh to develop a strong financial sector and to improve agricultural productivity for one million poor farmers. The projects approved by the Bank’s Board of Executive Directors are $300 million for the Financial Sector Support Project (FSSP) and $176.06 million for the Second National Agricultural Technology Program.
“These two projects will support Bangladesh to reach middle-income status by strengthening the financial sector and ensuring greater food security. These, in turn will create more and
WB to finance $ 476m for 2 projects
The World Bank (WB) has approved $476 million for two projects in Bangladesh to develop a strong financial sector and to improve agricultural productivity for a million poor farmers.
On June 5, the projects approved by the Bank’s Board of Executive Directors are $300 million for the Financial Sector Support Project and $176.06 million for the Second National Agricultural Technology Program, a press release issued today said.
“These two projects will support Bangladesh to reach middle-income status by strengthening the financial sector and ensuring gre...
$300 million for the Financial Sector Support Project and $176.06 million for the Second National Agricultural Technology Program, a press release issued today said.
“These two projects will support Bangladesh to reach middle-income status by strengthening the financial sector and ensuring gre...
ADB loan to address severe power shortages in Bangladesh
The Asian Development Bank (ADB) today signed the finance agreements for a loan of $75 million to Summit Bibiyana II Power Company Limited for a private sector gas-fired power plant in Bangladesh to help the country address severe power shortages.
“The project will benefit households, business and industry by improving access to electricity,” said Hayato Hoshi, senior investment specialist with ADB’s Private Sector Operations 
Department. “It will also help to further promote private sector investment in Bangladesh’s energy sector where few major in...
Department. “It will also help to further promote private sector investment in Bangladesh’s energy sector where few major in...
