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WB pumps millions into Bangladesh

The government on Sunday signed a $177-million additional financing agreement with the International Development Association (IDA) to complete the ongoing construction of a 335 megawatt combined cycle power plant at Siddhirganj near capital Dhaka. Kazi Shofiqul Azam, additional secretary of Bangladesh’s Economic Relations Division, and Iffath Sharif, acting World Bank country director for Bangladesh, signed the agreement on behalf of their respective sides on Sunday. wbThe power plant will account for six percent of the total electricity delivered to the national...

Government ‘incapable of tolerating dissident views’

The government in Bangladesh is set on stopping dissenters from expressing their opinions, claims Nurul Kabir, the editor of the leading English-language daily newspaper New Age, in an interview with DW. Bangladeshi protesters remember murdered journalists Sagar Sarowar and Meherun Runi The shrinking space for free speech in Bangladesh has drawn international attention in recent months. The South Asian nation has seen a number of gruesome attacks on bloggers this year that left four people dead and several others critically injured. The attacks have targeted not only bloggers, but also minority communities.

Lawyer takes aim at fatwa violence in Bangladesh

Hena Akhter was 14 when she was whipped to death for allegedly having an affair with a married man. There was uproar in local and international media at the time of her death in 2011, followed by a fervent call to outlaw so-called fatwa violence in Bangladesh. The high court ruled that Hena’s body should be exhumed to determine the extent of the violence to which the young girl was subjected. A second post-mortem examination found that she died of septicaemia due to severe internal injuries. The court ordered an investigation, which led to several arrests, including that of the Muslim cleric who issued the fatwa. [caption id="attachment_20941" align="alignleft" width="620"]

BD set to supplant China top cotton importer

As China’s economy has grown, it has become the largest importer of raw materials from copper to iron ore. Yet for one commodity, at least, it’s poised to lose that title. Bangladesh will probably overtake China as the world’s biggest cotton importer in the current crop season, which lasts through July, according to data from the U.S. Department of Agriculture. In year ending July 31, Bangladesh will import a record 5.75 million bales of the fiber, up 6.5 percent from a year earlier, the USDA said 0e0bd15409017d1caf83e6... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

More higher-skilled jobs top priority for Bangladesh

World Bank (WB) Senior Vice President and Chief Economist Kaushik Basu said here Sunday creating more higher-skilled jobs was a top priority for Bangladesh. The chief economist also commended the country's remarkable development progress. Basu made his observations while meeting Prime Minister Sheikh Hasina. He praised Bangladesh's efforts to create more and better jobs, a prerequisite for reducing poverty and boosting shared prosperity. Since 2003, the country has been able to create 14 million higher-value jobs and bring more women into the workforce, which has lifted millions of people out of

ADB urges to develop capital market to spur economy

The Asian Development Bank (ADB) encouraged Bangladesh on Saturday to use the more than $553 million it has provided so far in loans to develop a capital market and attract private investors. Bangladesh aims to become a middle income country (MIC) by 2021. "A well-functioning capital market can catalyse private sector investment in infrastructure and other sectors creating employment and economic growth," Kazuhiko Higuchi, the ADB's country director in Bangladesh, told Reuters in an interview. adb1The ADB has been supporting government efforts to develop t...
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