More ‘interest free’ loan for Bangladesh: WB
The World Bank (WB) gave approval for more $200 million ‘interest free’ loans for Bangladesh.
The loan will be given for projects regarding livelihood improvement.
Board of Directors of WB approved the loan at a meeting in Washington on Wednesday.
The loan has to be repaid by the Bangladesh Government by a period of 38 years. Grace period of 6 years starting from the time of handover of the loans was also approved. 0.75% service charge is applied on the loan.
The livelihood improvement project was constructed based on the success of the ‘Social ...
Board of Directors of WB approved the loan at a meeting in Washington on Wednesday.
The loan has to be repaid by the Bangladesh Government by a period of 38 years. Grace period of 6 years starting from the time of handover of the loans was also approved. 0.75% service charge is applied on the loan.
The livelihood improvement project was constructed based on the success of the ‘Social ...
What the future holds for ‘third arm’ of WB
World Bank President Jim Yong Kim’s shake-up of the World Bank’s organizational structure has elicited a wide range of emotions: hope, fear, confusion, doubt, optimism, inspiration.
Budget cuts, projected staff layoffs and the introduction of 14 new “Global Practices” had many inside and outside the institution expressing concern about the fate of bank-led development initiatives, which they feared might be sidelined or diminished as a new structure took hold.
Eight months after the most significant reforms took effect, bank staffers and development p...
Budget cuts, projected staff layoffs and the introduction of 14 new “Global Practices” had many inside and outside the institution expressing concern about the fate of bank-led development initiatives, which they feared might be sidelined or diminished as a new structure took hold.
Eight months after the most significant reforms took effect, bank staffers and development p...
IMF welcomes announcement of new VAT
International Monetary Fund (IMF) mission led by Rodrigo Cubero said during a meeting in Dhaka that IMF welcomes the Bangladesh’s strong commitment to launching the new value-added tax (VAT) in July 2016.
Cubero said that Bangladesh’s new value-added tax (VAT) will increase revenue while reducing costs for businesses.
Rodrigo Cubero, visited Dhaka from February 25 to March 10 to conduct discussions on the fifth and sixth reviews under a three-year Extended Credit Facility (ECF) arrangement.
He pointed out that VAT will significantly broa...
Cubero said that Bangladesh’s new value-added tax (VAT) will increase revenue while reducing costs for businesses.
Rodrigo Cubero, visited Dhaka from February 25 to March 10 to conduct discussions on the fifth and sixth reviews under a three-year Extended Credit Facility (ECF) arrangement.
He pointed out that VAT will significantly broa...
Canada thinks of Bangladesh a secular Muslim nation
When Canadians think of Bangladesh, they think of garment manufacturing and tragedy. In that vein, many will have seen headlines of the recent disaster where nearly 75 people perished in a ferry accident in the Muslim-majority nation of over 150 million — the most densely populated large country in the world.
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The country remains an ideal partner for Canada to increase its economic base and regional influence, and to help grow a healthy, educated, strong, free and secular Muslim...
The country remains an ideal partner for Canada to increase its economic base and regional influence, and to help grow a healthy, educated, strong, free and secular Muslim...
IMF supports Bangladeshi VAT from 2016
The International Monetary Fund (IMF) said recently that Bangladesh's new value-added tax (VAT) will significantly increase revenue while reducing compliance costs for businesses.
An IMF mission led by Rodrigo Cubero visited Dhaka from February 25 to March 10 to conduct discussions on the fifth and sixth reviews under a three-year Extended Credit Facility (ECF) arrangement.
At the conclusion of the visit, Cubero said that "the mission welcomes the authorities' strong commitment to launching the new VAT in July 2016...
An IMF mission led by Rodrigo Cubero visited Dhaka from February 25 to March 10 to conduct discussions on the fifth and sixth reviews under a three-year Extended Credit Facility (ECF) arrangement.
At the conclusion of the visit, Cubero said that "the mission welcomes the authorities' strong commitment to launching the new VAT in July 2016...
