World Bank (WB)
Over 70% public projects not completed on time
As per the World Bank’s report on corruption in South Asian countries, almost 71 percent of the firms in Bangladesh are expected to give gifts to get an import licence, 42.5 percent to get a construction permit and 42 percent to get government contracts.
WB criticises tax provision on legalising black money
At present, taxpayers show their undisclosed assets in their tax returns through investment in apartments, buildings and economic zones and high-tech parks.
Bangladesh lost Tk 2 lakh crore in potential VAT
The WB measured VAT losses based on an analysis of the VAT gap -- an estimate of the overall difference between theoretical VAT revenue and the amount actually collected.
World Bank set to issue up to $1 billion in debut hybrid note this year
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters
Bangladesh can raise three times more VAT if policy and compliance gaps addressed: World Bank
The recently updated Income Tax Act (2023) is an opportunity to increase income tax collection by expanding the tax base through improved compliance and tax services, it said in its Bangladesh Development Update report
World Bank emphasises further reforms in financial sector: finance minister
Finance Minister Abul Hassan Mahmood Ali said about World Bank's emphasis on reforms
Bangladesh to post sixth highest GDP growth in Asia in FY24
Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report
Bangladesh’s economic growth to slow to 5.6% in FY24: World Bank
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
World Bank releases $250 mn to boost Sri Lanka reforms
The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
WB forecasts 5.2pc GDP growth
The World Bank yesterday delivered yet another bad news for the economy as the Washington-based multilateral lender pared back Bangladesh’s growth forecast for this fiscal year by 1.5 percent to 5.2 percent.
Illnesses caused by air polution: The Invisible Killer
Air pollution is killing around 80,000 people every year in Bangladesh by causing respiratory problems as well as depression, and wiping out around 4 percent of the country’s GDP, said a World Bank report yesterday.
Pollution control: WB to contribute $250m loan to project for big cities
The government has taken an initiative to set up four new vehicle inspection centres (VICs) to control emissions.
WB to steer Dhaka rivers back to life
The World Bank has agreed to take lead in a landmark project to breathe life back into the five rivers surrounding Dhaka city involving about $20 billion.
30pc people facing food scarcity
Around 30 percent people in Bangladesh are facing food scarcity though the country’s economy made a recovery from the pandemic-induced shocks, says a World Bank survey.
World Bank cuts Bangladesh’s growth forecast by 0.6 percentage points to 6.1%
The World Bank today slashed growth forecast for Bangladesh by 0.6 percentage points to 6.1 per cent for the current fiscal year ending in June 30, 2023, impacted by global economic slowdown and the war in Ukraine.
Policy reforms needed to avert slowdown: WB
There are signs that Bangladesh’s stellar growth, which catapulted it among the 10 fastest growing economies over the past decade, may be losing steam soon unless critical reforms are undertaken to counter the decline, said a recent World Bank study.
World Bank’s team reaches Ctg port to discuss Bay Terminal project
An 11-member technical mission of the World Bank reached Chattogram port today to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships.
World Bank launches youth competition on climate-smart growth
The World Bank has launched a youth competition, inviting solutions for climate-smart growth to mark 50 years of partnership with Bangladesh.
WB to give $300 million for Covid-19 resilience of Bangladesh’s urban institutions
The Local Government Covid-19 Response and Recovery Project will benefit 39.9 million urban residents in all eight divisions, the World Bank said in a statement today.
