Browse Category

Dev Partners

Steady pursuit of justice and freedom in Bangladesh    

Last week, at the invitation of my friend Muhammad Yunus, I traveled to Bangladesh, a truly humbling and inspiring experience. I met so many incredible people struggling to improve their country and their lives. I wrote a letter to my daughters about my travels, which follows: Dear Cara, Mariah and Michaela, [caption id="attachment_7748" align="alignleft" width="300"]Ms Kennedy with Grameenwomen Kerry Kennedy, President of the Robert F. Kennedy Center (third from right), with Grameen Bank members.[/caption] ...

BD has potential to achieve higher inclusive growth: IMF

The International Monetary Fund (IMF) on Wednesday said Bangladesh has a vibrant economy and strong potential to achieve a higher and sustained inclusive growth. “Realising this potential will require safeguarding macroeconomic stability; further strengthening the financial sector, business climate and labour conditions,” said IMF Deputy Managing Director Naoyuki Shinohara in a statement at the conclusion of his two-day visit to Bangladesh. IMFHe also laid emphasis on building a fiscal space to increase the level and quality of spending on health, ed...

EIB to provide 100m Euro for water supply project

The European Investment Bank (EIB) has decided to lend Euro 100 million to the government of Bangladesh to finance a new sustainable surface water supply system in Dhaka. The financing contract was signed here on Monday. This is the second lending operation to the public sector in the country, the first one being the Euro 82 million in support of more efficient power generation was signed in November 2013. eibThe EIB is granting this loan under the current lending mandate for Asia and Latin America (ALA IV), which enables it to support investment des...

Bangladesh receives $ 78.4m to install more solar systems

The Bangladesh government Tuesday signed a $78.4 million additional financing to further scale-up support for the successful solar home systems (SHS) program of Bangladesh. The credit for the additional financing to the Bangladesh Rural Electrification and Renewable Energy Development II (RERED II) Project is from the International Development Association (IDA), the World Bank Group’s soft loan arm. The project will help install an additional 480,000 solar home systems that has emerged as a viable electrification option for areas without grid access to electricity. wb

ADB loans to tackle menace of river erosion

The Asian Development Bank (ADB) will fund state-of-the-art riverbank protection measures in Bangladesh to prevent land erosion, which is destroying livelihoods and costing the economy an estimated $250 million a year. An ADB multitranche loan financing facility of $255 million will help put in place riverbank protection structures and embankments along vulnerable portions of the Jamuna, Padma, and Ganges rivers—the country’s main waterways. adb-logoLow-lying Bangladesh is one of the most vulnerable countries in the world to floods and erosion, with u...

Capitalist solution for a capitalist failure

In April 2013, a horrendous collapse of a rickety garment factory in Bangladesh killed more than 1,100 workers. The year before, fire swept through another, killing 117 people, and despite such tragedies, improvements in that country’s garment sector have been few and far between. Bangladesh-rmg-workerThe reality is that capitalism and globalization have given Western consumers cheap goods and helped emerging economies grow, but that’s usually done through the exploitation of workers and the environment. Shop floor co...
Verified by MonsterInsights