World Bank (WB)
Opinion / We need humility, not hubris, to turn the economy around
While a privileged minority, sitting in their high castles, continue to enjoy a larger and larger share of the fruits of “development,” it is becoming obvious that the vast majority are increasingly struggling.
WB to give $400m loan, $300m grant for Rohingya, hosts
World Bank (WB) yesterday approved two projects totalling $700 million to provide basic services and build disaster and social resilience for both the displaced Rohingya population in Bangladesh and the host communities.
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
WB-Funded Projects/Programmes 2016-20: Only half the targets met
Bangladesh could achieve only a little more than half of the targets set by the World Bank Group for 84 projects and programmes in the last four years, says a draft performance review report of the World Bank Group.
Bangladesh falls two notches
Bangladesh has moved two notches up in the World Bank’s Women, Business and the Law 2020 study but the country still has a long way to go in creating opportunities for them in employment and entrepreneurship.
Bangladesh 2nd fastest growing economy in South Asia: WB
Bangladesh’s economy is forecasting to grow faster than all countries in South Asia except Bhutan in the current fiscal year, World Bank says.
One in three graduates unemployed
Graduates struggle to find jobs, with more than a third of them remaining unemployed one or two years after graduation, said the World Bank in its latest report -- a damning evidence of the poor state of the country’s education system.
WB to help Bangladesh accelerate double-digit growth
World Bank (WB) is ready to help Bangladesh increase growth to double digit and it would provide all kinds of support for this, newly-appointed World Bank country director for Bangladesh and Bhutan says.
