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dev partners

Bangladesh Bank and refugee crises defy relief

After a 2.5% first-quarter decline on the MSCI frontier index as the only losing Asian component, Bangladesh shares continued to be shunned by foreign investors on the headline Rohingya refugee influx now at 800,000, and banking sector balance sheet and management woes with bad loans at 10% of the total. Elections are also due this year with the opposition party leader unable to compete under corruption charges, and sporadic street violence erupting among rival political camps amid Islamist terror threats and military takeover rumors. The fifth anniversary of the Rana Plaza garment center collapse, which injured and killed thousands, also focused attention on unresolved worker safety issues in the mainstay export industry, as remittances from abroad remain uncertain with renewed local e...

WB to provide $ 176m fund to help poor farmers

The government on Tuesday signed a $176-million deal with the World Bank (WB) to help more than a million of its poor farmers boost output and gain better access to markets. Funding from the World Bank's International Development Association (IDA) will increase and diversify the productivity of crops, livestock and fisheries, Farmer besides enhancing market access, the World Bank said in a statement. "This project will help achieve food security, improve resilience to climate change, and enhance nutrition through safer and ...

Spanning decades cements Bangladesh-China relationship

Dhaka, the capital city of Bangladesh, is situated on the northeastern bank of the Buriganga river and for centuries the river had remained a hurdle in reaching the capital. Finally this major hurdle was overcome by China building a bridge so that people on both banks could easily cross the river, making life easier for all. The construction of the first Bangladesh-China Friendship Bridge, with a span of more than 917 padma bridgemeters in length, began in October 1986, and was completed in February 1989. Seven mo...

British business delegation visits BD

A British business delegation is visiting Bangladesh for three days to drive forward partnerships between the UK and Bangladesh for the growth and prosperity of both countries. The visiting UK companies, experts in the field of development and humanitarian aid-work, will meet with a wide range of development partners, government officials, and non-government organisations. The delegation will engage with the parties to understand the scope of projects taking place and identify what opportunities are available for the supply of services and resources. UK_BD

ADB to fund $ 1.5b for Bangladesh-Myanmar railways

Militancy threatens Bangladesh economic growth - World Bank economist Kaushik Basu Bangladesh economy could grow 8 pct in next four years - WB economist ADB to lend Bangladesh $45 mln for water resource project Bangladesh bring in Rony, Nurul for World T20 Bangladesh president says media ensures good governance The Asian Development Bank (ADB) will fund $1.5 billion for building a rail line that will connect Cox’s Bazaar, Bangladesh’s beach resort, to neighbouring Myanmar as part of a larger Trans-Asian Railway network. Bangladeshi Prime Minister Sheikh Hasina in 2011 opened construction work on the rail line

EU approves EUR 118m grants for Bangladesh

Grants worth EUR 118 million (11 Crore 80 Lac Taka) has been announced by the European Union for Bangladesh. The grants have been allocated for for Civil Society Participation in Decision Making, Food and Nutrition Security, and Skills Development. Three programs have been adopted under the grants which are Platforms for Dialogue Project – Strengthening Inclusion and Participation in Decision Making and Accountability Mechanisms euin Bangladesh, Food and Nutrition Security program for Bangladesh 2015 and Skills 21 – Empowering citizens for inclusive and sustaina...
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