Browse Category

Economy

$ 202m WB addl financing to Increase food security

The World Bank’s (WB's) Board of Executive Directors on Saturday approved $202 million in additional financing for the Modern Food Storage Facilities Project to increase the storage capacity of Bangladesh’s national strategic grain reserves by 535,500 tons for 4.5 million households.

The project is helping Bangladesh address food insecurity in challenging times, such as frequent climate-induced disasters or crisis situations like the current COVID-19 pandemic. It is supporting the construction of eight public modern grain storage steel silo complexes for r...

Global Bangladesh Market research report published

The Global Bangladesh Market research report provides and in-depth analysis on industry- and economy-wide database for business management that could potentially offer development and profitability for players in this market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It offers critical information ...

Projects worth tk 3,075.33cr approved at ECNEC

Executive Committee of the National Economic Council (ECNEC) has approved seven projects with an outlay of Taka 3,075.33 crore, including a Tk 2,334.14 crore project to modernise the sewerage system and improve sanitation system in Khulna city. The approval came from the ECNEC meeting held virtually with Prime Minister and ECNEC chairperson Sheikh Hasina in the chair on Thursday, reports BSS. The Prime Minister and Planning Minister MA Mannan joined the meeting from Ganobhaban through a videoconferencing while other ECNEC members were connected from NEC Conference Room in t...

World Bank Group nominates Selima ‘Leadership Champion’

Ms. Selima Ahmad MP, President and Founder of Bangladesh Women Chamber of Commerce and Industry (BWCCI) and the Vice Chair person of Nitol-Niloy Group  has been nominated as a "Leadership Champion" by the WORLD BANK GROUP for the Women Entrepreneurs Finance Initiative (We-Fi) for the period June 2020 – May 2022 for her lifelong mission to empower women and extra ordinary contribution to promoting women’s economic empowerment in Bangladesh. This news has been officially declared by the Head of Women Entrepreneurs Finance Init...

Budget sets 8.2pc GDP growth target

Finance minister AHM Mustafa Kamal on Thursday set an ambitious target of 8.2 per cent GDP growth for the next fiscal with a comprehensive plan that includes four main strategies although he himself admitted that all calculations about the global economy have been turned upside down under the impact of the COVID-19 global pandemic. “The Asian Development Bank made a forecast of 7.8 per cent growth this year based on our performance in the first eight months. But unfortunately, all calculations about the global economy have been turned upside down under the impact of the COVID-19 global pandemic,” he said while placing his Tk 568,000 crore , which is 17.9 per cent of the GDP, budget proposal in parliament, REPORTS UNB.

Health sector needs to be empowered in next budget

Speakers in a pre-budget webinar emphasized on various aspects of health finance and urged for increasing development cost in health management. The webinar was held at the liaison office of Begum Rokeya University, Rangpur on Thursday organized by Dr Wazed Research & Training Institute, Begum Rokeya University, Rangpur, Eminence Associate for Social Development, Bangladesh and Digital Healthcare Foundation. Dhaka University’s former Professor of the Dept. of Management Studies Dr Md. Mohiuddin who is currently working as Professor at School of Business of Ahsanullah University of Science & Technology presented the main