Bangladesh needs to embark on a new round of reforms to strengthen and modernise the private sector in a bid to unleash the country’s potential to drive diversified, export-led growth and create jobs, according to a new World Bank Group report.
The World Bank in a report has estimated that Bangladesh will do better than its South Asian neighbours in GDP growth for the fiscal year 2019-20.
The World Bank (WB) has approved $200 million to help Bangladesh improve access to safe water and sanitation services in rural areas.
The World Bank has approved $500 million to help Bangladesh improve road connectivity along the Jashore-Jhenaidah corridor covering four western districts.
The World Bank has approved a fast-track $100 million financing to help Bangladesh prevent, detect, and respond to the Covid-19 pandemic and strengthen its national system for public health emergencies.
World Bank Group together with WEConnect International has launched a project to help 1,200 women-owned businesses connect with potential large local and multinational corporate buyers.
The World Bank yesterday praised the progress Bangladesh achieved in recent years but apprehends a struggle ahead for the low tax revenue and banking sector’s poor condition.
The World Bank (WB) will provide $100 million to increase access to improved water supply and sanitation system in selected 30 municipalities in Bangladesh as well as to help build their capacities for delivering water and sanitation services.
The government signs a $185 million financing agreement with the World Bank to add about 310 megawatts renewable energy generation capacity, which will contribute to reliable, affordable electricity and cleaner air.
World Bank Vice President for South Asia Region Hartwig Schafer yesterday said the world needs to provide sustained support to Bangladesh, to meet the urgent needs of the Rohingyas as well as the host community in Cox's Bazar.
The World Bank (WB) has approved another $25 million, including $4 million from Canada, to help Bangladesh provide education and support to heal the psychological wounds of Rohingya children and youths who had fled violence in Myanmar.
Appreciating Bangladesh's generous support, visiting World Bank Group President Jim Yong Kim says they are insisting that generous humane countries that support refugees should not be punished.
The World Bank announces to provide $480 million in grant-based support to help Bangladesh address the needs of Rohingya refugees in areas such as health, education, water and sanitation, disaster risk management, and social protection.
United Nations (UN) Secretary General Antonio Guterres and World Bank (WB) Group President Dr Jim Yong Kim will visit Bangladesh on July 1-2 to see the severity of Rohingya situation and UN agencies' engagement in the camps.
The World Bank (WB) approves $700 million to improve the primary education sector in Bangladesh, says a press release.