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Bangladesh

WB to review govt spending in Feb  

A mission of the World Bank (WB) will arrive in Dhaka early February for a review of recent fiscal and current expenditures of the government, according to WB sources. The public expenditure review (PER) by the WB mission will take place on February 2-6. wbSimon Davies (task team leader) will be joined by Salman Zaidi (lead economist), Zahid Hussain (lead economist), Muhammed Waheed (senior economist) and Nadeem Rizwan during the review mission. The team will meet with the officials of the ministries of finance (MoF) and planning as well as local sta...

DHK-CTG Elevated Expressway: MoU with China

The government plans to sign a memorandum of understanding with China for the construction work in three mega-infrastructure road projects, including Dhaka-Chittagong Elevated Expressway, involving billions of dollars, New Age reports. The two other projects are the construction of a new 6-lane Dhaka-Chittagong expressway and to widen the existing 2-lane Dhaka–Sylhet highway to a 4-lane highway, sources close to New Age said. china BDChina has assured the proposed fund to finance the projects as concessional loan on government-to-government basis, a ...

UN alarmed at ‘deepening’ political violence in BD

The United Nations (UN) human rights office has expressed concern over the rising levels of political violence rippling across Bangladesh amid fears of a return to a state of destructive brinkmanship seen in the run up to the country’s 2014 elections. “The deepening political violence in Bangladesh, resulting from the failure of the two major political parties to resolve their differences peacefully, is very disturbing,” Ravina Shamdasani, spokesperson for the Office of the High UN alarmedCommissioner for Human Rights (OHCHR), said Friday...

Stronger Philippines-Bangladesh ties to grow trade

In advancing business relations between the Philippines and Bangladesh, the Department of Trade and Industry (DTI) is expecting an increase in trade volume, between the Philippines and Bangladesh, to a minimum of US$1 million within a year. bd-philipines“As we welcome a 10-member business delegation this month from Bangladesh and develop our business relations with them through DTI’s Philippine Trade and Investment Center (PTIC) in New Delhi, we enhance cooperation between the Philippines and Bangladesh that is seen to expand bilateral trade ...

IMF set to stop ECF for Bangladesh  

The IMF is set to quit the ECF programme soon as the government has failed to commit implementation of roadmap for the new value-added tax act, suggesting a bitter relation between the government and the lending agency. The pre-mature ending of the reform programme that was undertaken about three years back to bring about regulatory changes in the broad economic matters would deprive the country of nearly $300 million, a senior finance ministry official said. IMFThe disbursement of the sixth instalment of the $1 billion ECF fund was scheduled in last...

US, EU and UK urge restraint

In the wake of growing violence and loss of lives, the Unites States, European Union and United Kingdom have urged all the sides to show restraint and engage in “genuine dialogue” to solve the crisis. violance BDCondemning violence across the country centring the recent political developments, separate statements from US, EU and UK today urged the government to ensure freedom of assembly, movement and speech. They also demanded that the government probe Tuesday night’s gun attack on former foreign secretary Reaz Rahman and try the att...
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