Agri, property taxes top priority | The Express Tribune
ISLAMABAD: The World Bank on Monday termed increase in taxes on the wealthier agriculture and property sectors its highest priority and said salaried persons were already paying taxes closer to their maximum potential. The highest priority areas for increasing tax collection were the agriculture and property sectors where there was a lot of wealth, said […]
World Bank approves $200 million to help Bangladesh improve primary healthcare for common illnesses including dengue
The World Bank on Wednesday (August 30, 2023) approved $200 million to help Bangladesh improve primary healthcare services for treatment, prevention and referral for common illnesses including mosquito-borne diseases like dengue, and medical waste management in Dhaka North and South City Corporations, Chattogram City Corporation, and Savar and Tarabo municipalities. The Urban Health, Nutrition and […]
World Bank launches ‘Green Earth Quest’ quiz competition in Bangladesh
The World Bank has tied up with the government and the private sector to launch a mega quiz competition for the students of Bangladesh to make them aware of the environment and climate change in an innovative way. Posts, Telecommunications and Information Technology Minister Mustafa Jabbar launched the nationwide competition styled “Green Earth Quest” at […]
UK, World Bank tie up for climate action projects in South Asia
The governments of Great Britain and Northern Ireland and the World Bank have launched a partnership—the Resilient Asia Program (RAP) —to accelerate transformational and collaborative climate action to respond to the urgency of climate change challenges in South Asia including Bangladesh. The UK government has pledged up to $63 million (£50 million) over the next […]
Bangladesh receives $858m World Bank fund for agriculture growth, road safety
Bangladesh and the World Bank on Wednesday signed two financing agreements totaling $858 million to enhance climate-resilient agricultural growth, food security, and improve road safety. The $500 million Program on Agricultural and Rural Transformation for Nutrition, Entrepreneurship, and Resilience (PARTNER) will help transform the agriculture sector by promoting crop diversification, food safety, and climate resilience […]
World Bank reaffirms strong support for Bangladesh
Star Business Report Tue May 2, 2023 12:42 PM Last update on: Tue May 2, 2023 12:56 PM Prime Minister Sheikh Hasina and World Bank President Malpass inaugurated a photo exhibition on the occasion of 50 years of partnership between Bangladesh and the World Bank. Photo: World Bank “> Prime Minister Sheikh Hasina and World […]
World Bank gives Bangladesh $2.25bn in loans for 5 projects in a year
“In 1971, when Bangladesh was born, many development experts were skeptical about the country’s future. The aspirations germinated by our Father of the Nation Bangabandhu Sheikh Mujibur Rahman and, our people have shown the world that with determination, it is possible to overcome even the hardest challenges. Bangladesh has transformed its economy and made it […]
Many countries can learn from Bangladesh’s approaches to reducing poverty, empowering women, adapting to climate change: WB President
As a long-standing partner, World Bank Group President David Malpass has said that they will support Bangladesh as it navigates a challenging global environment on its way to reaching upper-middle-income status by 2031. “I am confident that with the right set of policies and timely action, Bangladesh can achieve its growth aspirations,” he said while […]
World Bank members endorse moves to boost lending by $50B over decade
World Bank member countries have endorsed measures allowing a $50 billion lending boost over the next decade, its outgoing president David Malpass said Wednesday. The move, announced during the International Monetary Fund (IMF) and World Bank spring meetings in Washington, is part of an ongoing evolution of the development lender amid pushes for it to […]
World Bank steering committee, Yellen urge more reforms at lender this year
The World Bank’s steering committee and US Treasury Secretary Janet Yellen on Wednesday called for further reforms this year to expand the bank’s ability to respond to climate change, pandemics and other crises that are reversing development gains. Yellen hosted talks with global finance officials to discuss an initial spate of balance sheet changes that […]