World Bank
Developing countries face record foreign debt costs: World Bank
The high cost of servicing foreign debt has pushed many developing countries to borrow more money from multilateral institutions like the World Bank, stretching their finances
Budget support from WB, ADB: $1.1b loan likely by December
Bangladesh to utilise the fund to speed up reforms, stabilise reserves
Outdated infrastructure a challenge for financial reporting: NBR chairman
He speaks at a discussion organised by the Finance Division in collaboration with the World Bank
IMF, World Bank meetings clouded by wars, slow economic growth, US election
The International Monetary Fund and World Bank annual meetings are scheduled to draw more than 10,000 people from finance ministries, central banks and civil society groups to discuss efforts to boost patchy global growth, deal with debt distress and finance the green energy transition
Budget support from WB, IMF, ADB: Bangladesh may get $5.65b by this fiscal year
The government is expecting at least $5.65 billion in budget support this fiscal year from the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) to expedite reforms.
BB governor to visit US for World Bank-IMF meetings
The meetings will take place in between October 21 and October 26
Almost 40% of World Bank's recent climate funds unaccounted for: Oxfam
An Oxfam audit found that as much as $41 billion in climate finance could not be found "between the time projects were approved and when they closed."
World Bank unlocks another $30 bn by tweaking balance sheet
Key among the reforms was the announcement that the IBRD's minimum equity-to-loans ratio will fall to 18 percent from 19 percent, which will generate $30 billion in additional financing
Weak policing, polls uncertainty pose high risk to economy
The World Bank (WB) identified law and order, uncertainty surrounding the next general election and weak financial sector as the three major downside risks to Bangladesh’s economy and development.
Bangladesh receives $900 million in World Bank loans for two projects
These new financing operations will help Bangladesh in financial sector and urban management, says Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan
Are multilateral financial institutions doing enough to ensure climate justice?
She alleges that the development paradigm still reflects the colonial framework of power relationships.
Commodity prices to experience slight downturn in 2024 and 2025: World Bank
Commodity prices are projected to experience a slight downturn in 2024 and 2025 but are expected to remain above pre-pandemic levels, according to the World Bank
Sri Lanka recovering but poverty enduring: World Bank
Crisis-hit Sri Lanka will return to growth this year, the World Bank said Tuesday, but around a quarter of the country's citizens will remain living in poverty
5 lakh Bangladeshis likely to face extreme poverty: World Bank
Around 5 lakh people in Bangladesh likely fell into extreme poverty between the fiscal years 2022-23 and 2023-2024 due to the erosion of purchasing power, said the World Bank
Economy to post subdued growth for at least three years
The multilateral lender said the economy would grow at 5.6 percent in 2023-24, lower than the South Asian average of 6 percent for 2024. Annual GDP growth averaged 6.6 percent in the decade before the pandemic struck the world in 2020.
Forced bank mergers could be counterproductive
The government should come up with a clear guideline complying with the global best practices before compelling banks to merge, the World Bank has said.
Forced bank mergers may be counterproductive: World Bank
The WB said before initiating any merger processes, detailed guidelines on mergers and acquisitions need to be issued, allowing banks a clear idea about the process involved
Bangladesh economy to grow below 6% for two consecutive years: World Bank
Bangladesh’s real GDP growth is projected to remain relatively subdued at 5.6 percent in the current fiscal year, compared to the average annual growth rate of 6.6 percent over the decade preceding the Covid-19 pandemic, the World Bank said today.
World Bank to share more data to attract private investors to developing countries
Economic growth has slowed in developing countries, with growth falling to barely 4% from 6% in two decades, Banga said, noting that each lost percentage point dragged 100 million people into poverty, while debt levels were rising