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UK hails Bangladesh to support end sexual violence

The United Kingdom (UK) has welcomed Bangladesh’s endorsement of the Declaration of Commitment to End Sexual Violence in Conflict. Bangladesh, Nigeria and Pakistan have announced their endorsement of the Declaration this week, launched as part of the UK’s Preventing Sexual Violence Initiative. “I thank and congratulate the foreign ministers and governments of Bangladesh, Nigeria and Pakistan for taking this important and welcome step this week,” said British Foreign Secretary William Hague on Friday. UK_BDThe Foreign Secretary mentioned that these three...

German-Bangladesh consultation from May 7 to review projects

The two-day biennial German-Bangladesh consultation, 2014 will be held in the capital on May 7-8 to review the implementation of the existing German-funded projects in Bangladesh as well as their possible future funding. “The two-day consultation will focus on review of the German-funded projects as well as future funding by Germany…representatives of the line ministries will attend the meeting,” Economic Relations Division Additional Secretary Abul Mansur Md Faizullah told the news media UNB. bd-zermanThe consultation will take place at the NEC-II...

GDP to be lower than 6pc 

Experts blamed political unrest and uncertainty surrounding elections held in January for economic slowdown in Bangladesh. As predicted by International Monetary Fund (IMF), Gross Domestic Product (GDP) of Bangladesh this year is to be a little over five percent, lower than the six percent GDP last year. Dr.-Hossain-Zillur-RahmanApart from the political instability, investment stagnation and reduced remittance inflows are also quoted as major cause of slowdown. As per Bangladesh Bank, remittance flow has di...

Poll unrest deals economic blow  

The country’s economy lost Tk. 108.5 billion ($1.4 billion) during the violent run-up to the January 5th general election, according to the World Bank. The service sector represented 86% of losses, followed by 11% in industry and the rest in agriculture, due to the political turmoil and uncertainty during 2013’s last quarter, the bank reported in its “Bangladesh Development Update”, released April 9th. violance BDThe loss equals nearly half the total estimated cost of Tk. 226 billion ($2.92 billion) to build the ...

Govt exploring options to mobilise more foreign aid  

The government is exploring the options to mobilise greater volume of external aid, up to 3.0 per cent of Gross Domestic Product (GDP), to help meet the additional resources needed for developing infrastructure and cutting poverty, officials said Thursday. Presently, utilisation of the overseas financial support is estimated at nearly 2.0 per cent of the GDP. Development analysts, however, said it is difficult to raise the external aid inflow as the government’s development agencies have been inefficient in using loans and grants available in the pipeline. foreign... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

ILO unhappy over slow progress in compensating Rana Plaza victims

A top official of the International Labour Organization (ILO) on Thursday expressed displeasure over the slow progress in compensating the Rana Plaza victims saying it will be a ‘shame’ for all the stakeholders. “It’s very hard…very difficult to speak here today and say that the victims still can’t be compensated adequately,” said visiting ILO Deputy Director General for Field Operations and Partnerships Gilbert Fossoun Houngbo. ranaplazaHe was speaking at a function, titled ‘One Year after Rana Plaza: Progress and the way Forward’, at Ru...
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