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BB to mobilise $ 7bn for infrastructure

Bangladesh Bank plans to mobilise up to $7.0 billion to develop the country’s infrastructure and boost economic growth, its governor said on Sunday. The bank would help reach that sum by establishing a sovereign wealth fund, issuing bonds and selling dollars from its reserves to designated banks and financial institutions, Governor Atiur Rahman told Reuters. “It is possible to mobilise the fund for development of the infrastructure to accelerate economic growth to 8 percent from the present 6.5 percent, aiming to becoming a middle-bbincome country by 2021,” he...

Govt wants to invest $ 8b in infrastructure

Government wants to invest $8 billion over the next few years in infrastructure to improve the economy and sought help from private sector to share the cost which the government could not bear alone. S A Samad, the executive chairman of the state run Board of Investment (BOI) highlighted the figure while meeting with business leaders from bilateral foreign chambers of commerce in Bangladesh. [caption id="attachment_19869" align="alignright" width="644"]s1.reutersmedia.net Bangladeshi children play on concrete pipes beside a road in Dha...

Highest UN accolade to PM for climate initiatives

Prime Minister Sheikh Hasina was announced as one of the winners of the Champions of the Earth award in the Policy Leadership category, in recognition of Bangladesh’s far-reaching initiatives to address climate change. Hasina will accept the award at a ceremony in New York on 27 September 2015. With a population of more than 159 million, Bangladesh is one of the world’s most populated countries. It is also one of the most vulnerable to the impacts of climate change. Cyclones, Hasina1floods and droughts have long been part of the country’s history, but t...

Bloggers fear threat from state

The online secular community in Bangladesh says it feels directly threatened by Prime Minister Sheikh Hasina’s recent warning that bloggers in the country would not be allowed to “hurt” the religious sentiments of others. “We will not tolerate it if you attack other’s religious belief,” the prime minister recently said while exchanging greetings with Hindu leaders. [caption id="attachment_19708" align="alignright" width="650"]blogger Bangladeshi blogger Ibrahim Khalil, who has been in hiding since 2013 when Islamists drew up a list of 84 "anti-Islam" atheist bl...

RMG safety improving

National Retail Federation executives returning today from a visit to Bangladesh said a report issued by the Alliance for Bangladesh Worker Safety reflects improvements in garment worker safety they saw during tours of factories and other facilities. “The Alliance is doing important work to ensure the safety of Bangladeshi workers who make clothing worn by millions of Americans and other consumers around the world,” NRF Senior ranaplazaVice President for Government Relations David French said. “We saw first-hand in the past few days that significant...

Bangladesh plans land from sea to help climate migrants

Bangladesh is going ahead with an ambitious plan to reclaim land from the sea to help relocate people who have lost their homes to sea level rise, erosion and extreme weather. Climate change-linked natural disasters are common in Bangladesh, with cyclones and storm surges displacing huge numbers of people. “River erosion alone claims about 20,000 acres of land in Bangladesh every year,” said Water Resources Minister Anisul Islam Mahmud. climateThat leaves up to 200,000 people homeless each year, according to a 2013 study by the Refugee and Migra...
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