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Dev Partners

WB new country director starts tomorrow

Qimiao Fan would start working tomorrow as the World Bank’s new country director for Bangladesh, Bhutan and Nepal. In his first visit to Bangladesh tomorrow, Fan will accompany Annette Dixon, World Bank South Asia Vice President, who will introduce Fan to the government, said a WB press release today, reports BSS. wbDuring her visit, Dixon along with Fan will also meet the Finance Minister and other senior government officials. Fan brings a wide range of development experience to the job. A Chinese national, Fan joined the World Ban...

British business delegation visits BD

A British business delegation is visiting Bangladesh for three days to drive forward partnerships between the UK and Bangladesh for the growth and prosperity of both countries. The visiting UK companies, experts in the field of development and humanitarian aid-work, will meet with a wide range of development partners, government officials, and non-government organisations. The delegation will engage with the parties to understand the scope of projects taking place and identify what opportunities are available for the supply of services and resources. UK_BD

ADB to fund $ 1.5b for Bangladesh-Myanmar railways

Militancy threatens Bangladesh economic growth - World Bank economist Kaushik Basu Bangladesh economy could grow 8 pct in next four years - WB economist ADB to lend Bangladesh $45 mln for water resource project Bangladesh bring in Rony, Nurul for World T20 Bangladesh president says media ensures good governance The Asian Development Bank (ADB) will fund $1.5 billion for building a rail line that will connect Cox’s Bazaar, Bangladesh’s beach resort, to neighbouring Myanmar as part of a larger Trans-Asian Railway network. Bangladeshi Prime Minister Sheikh Hasina in 2011 opened construction work on the rail line

Economy to grow by 6.3pc in current FY- IMF

The Bangladesh economy will grow by 6.3 percent in the current financial year to end-June, the International Monetary Fund said on Monday, lower than the government target of 7 percent. IMF said Bangladesh’s growth is projected to accelerate gradually to 7 percent over the medium term, as public investment is further ramped up and constraints on investment ease, blue economywith private investment also supporting a recovery in private-sector credit. “Provided calm prevails, prudent policies remain in place, and ...

EU approves EUR 118m grants for Bangladesh

Grants worth EUR 118 million (11 Crore 80 Lac Taka) has been announced by the European Union for Bangladesh. The grants have been allocated for for Civil Society Participation in Decision Making, Food and Nutrition Security, and Skills Development. Three programs have been adopted under the grants which are Platforms for Dialogue Project – Strengthening Inclusion and Participation in Decision Making and Accountability Mechanisms euin Bangladesh, Food and Nutrition Security program for Bangladesh 2015 and Skills 21 – Empowering citizens for inclusive and sustaina...

ADB to help develop regional transport projects

Bangladesh will receive a $30 million loan from the Asian Development Bank (ADB) to help develop transport corridors to stimulate trade in the region, a senior official said on Friday. adb1Senior finance ministry official Mohammad Mejbahuddin and Kazuhiko Higuchi, Bangladesh country director for the Manila-based ADB, signed the agreement in Dhaka. "The assistance will be used to undertake technical studies and to prepare designs for future investments in large infrastructure projects in railways and roads sectors," Mejbahuddin told Reuters. “The assistance...