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Children thought abandoned bombs were toys

Last month three-year-old Lima Akhter found a ball in the street in Dhaka, Bangladesh. Like any young child might, she picked it up to play. But within moments the ball exploded in her tiny hand, blowing away all her fingers. Tragically, Lima had mistaken an abandoned homemade bomb for a toy. bangladeshi-kidsRushed to hospital with further injuries to her stomach and ...

WB to come with robust portfolio in 2nd half of current fiscal

The World Bank (WB) is expected to come up with a robust portfolio in the 2nd half of the current fiscal year (2013-14) in Bangladesh with significant funding in a couple of projects including municipality governance improvement and emergency cyclone recovery. For FY 14, the World Bank have a robust portfolio including US$ 410 million for Municipality Governance Improvement Project and $140 million additional financing for Emergency Cyclone Recovery and Remonstration Project, among others, an official of the World Bank’s Dhaka office told UNB.

Foreign aid utilisation hits record low

Utilisation of foreign aid has hit a record low in the current fiscal year because of the stagnation in development activities amid political unrest due to conflict between the ruling party and opposition over holding the general elections. Finance ministry officials said only 11 per cent of total foreign aid disbursed until October was utilised, seven per cent lower than the same period of the last fiscal year. remmitanceThe trend is the lowest in recent past as utlisation rate o...

Shelter from storms in Bangladesh

Bangladesh, due to its geographical location, is in the frontline of the battle against climate change. The country has faced over 200 natural disasters in the last 40 years with increasing frequency and intensity. Cyclone Sidr in 2007 was amongst the most devastating, affecting nine million people across 30 districts in southern Bangladesh. The Emergency Cyclone Recovery and Restoration Project (ECRRP) is helping the affected community recover from the damage caused by the Cyclone Sidr by providing support for infrastructure and agricultural livelihoods. The project is also working for better long-term disaster preparedness through building and reconstructing of cyclone shelters and embankments that will protect coastal population from...

$ 40m fund for Bangladesh building collapse victims

Prominent retailers and labor groups has created a $40 million fund to aid the families of victims of the garment factory building collapse in Bangaldesh that killed 1,100 people, officials said. The Bangladeshi government, several prominent retailers and labor groups joined together to create the fund to compensate the families of those killed and those injured in the April 24 collapse, the New York Times reported Monday. RMG Rana PlazaThe accident was the deadliest disa...

US envoy for joint efforts to curb terrorist financing

The US Ambassador in Dhaka, W Dan Mozena emphasized on joint efforts of world’s democratic nations to curb terrorist financing and money laundering. “The best way to win this battle against the terrorists is for the democratic nations of the world to work together to deny these terrorists the money they seek to finance their war on us,” he said while addressing the launching of a training for non-financial businesses and professionals. mozenaThe training was jointly organised by Bangladesh Bank (BB) and US Depar...
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