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Dev Partners

WB to help BD improve microenterprises

The World Bank approved $560 million for two projects in Bangladesh to improve reliable power supply and help micro enterprises become environmentally sustainable. “The World Bank is helping Bangladesh overcome barriers to higher growth. Unreliable power supply and environmentally-unstainable enterprises hinder a county’s competitiveness and poverty reduction efforts,” said Zahid Hussain, World Bank Acting Country Director for Bangladesh. “By improving electricity transmission and helping in micro-enterprises adopt environment-friendly technologies, these projects will help Bangladesh achieve sustainable growth and advance towards upper middle-income country vision.”

WB to finance BRT project

The World Bank has shown their interests to finance the Bus Rapid Transport (BRT) project, designed for quick transportation between Gazipur and Dhaka Airport which would take only 20 minutes. Road Transport and Bridges Minister Obaidul Quader said this to reporters after a meeting with the World Bank representative led by acting World Bank country director Rajsree Palongkar at the conference room of his office in Dhaka on Sunday. “We have asked the concerned authority to start the project work soon as the World Bank is wb

WB to provide additional $ 1b for childcare

World Bank President Jim Yong Kim today declared an additional USD 1 billion fund for Bangladesh to develop childcare in the country. The financing will be disbursed in the next two years and will be to develop the situation of child health and nutrition, the visiting WB chief said in a briefing. kim-wb-afp-wbKim made the announcement at a joint press conference after holding talks with Bangladesh Finance Minister AMA Muhith at his ministry office in Dhaka. ‘PADMA BRIDGE TROUBLES OVER’ Finance Minister M...

Dhaka-Beijing ties heading towards promising future: Xi

Chinese president Xi Jinping on Friday said the Bangladesh-China relations are now at ‘new historical’ turning point and heading towards a ‘promising future’. “China-Bangladesh cooperation will deliver more fruits for the people of the two countries, and will contribute to peace and stability and development in the region,” he said. The Chinese president made the remarks after official talks with prime minister Sheikh Hasina and signing of 27 china-bdMoUs and agreement between the two countries at the Prime Minister’s O...

Xi to upgrade ties with Bangladesh

Chinese President Xi Jinping’s groundbreaking visit to Bangladesh this week is expected to raise bilateral relations to new heights and result in investment to boost Bangladesh’s economic growth. The visit, ahead of the eighth BRICS summit in Goa starting Saturday, will be a “milestone,” Assistant Minister of Foreign Affairs Kong Xuanyou said at a press briefing on Monday in Beijing, the Xinhua News Agency reported, adding that deals would be inked, and that bilateral relations would be strengthened. During his state visit, Xi will meet with President Abdul Hamid, National Assembly Speaker Shirin Sharmin Chowdhury, and hold talks with Prime Minister Sheikh Hasina. “This is the first state visit [to Bangladesh] from a Chinese head of State for the past three decades,” Jiang Jing...

Gulshan siege highlights Japan’s dev aid overseas

The militant attack at an upscale Gulshan cafe in Bangladesh’s capital, where Japanese and other foreign diners were taken hostage, highlights Japan’s major role in development work overseas, particularly in Asia. Eight outside consultants for Japan’s development agency were eating together at Holey Artisan Bakery in a diplomatic zone in Dhaka when the attack began around 9:20 p.m. Friday. One, who had been shot, was among 13 hostages rescued after security forces stormed the restaurant Saturday morning. Before the fates of the others were confirmed, Japanese Prime Minister Shinzo Abe described the situation as dire. “These people are those who worked hard for the development of Bangladesh, and so this is the