The China-led Asian Infrastructure Investment Bank (AIIB) recently created some surprise when it claimed credit for green financing by citing an electricity transmission project it is funding in Bangladesh.The move openly flaunts arguments by environmental activists who oppose moves to…
Dhaka – The Government of Bangladesh and the International Fund for Agricultural Development (IFAD) have signed a financial agreement to increase incomes and reduce extreme poverty and hunger for more than one million poor farming households in Bangladesh by increasing…
The World Bank would provide Tk 1000 crore for the development regional communications and implement the project taken under Bangladesh, Bhutan, India and Nepal (BBIN). WB Bangladesh representative Qimiao Fan made the disclosure after a meeting with Commerce Minister Tofail…
The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved a Tk 558.20 crore project aiming to effectively address the vexing water-logging problem in Dhaka-Narayanganj-Demra (DND) areas. The weekly Ecnec meeting, chaired by Prime Minister Sheikh Hasina, approved…
Mark Malloch Brown London – Vulnerable communities face the brunt of climate change – from rising sea levels and extreme weather events to prolonged severe droughts and flooding. According to the World Bank, without effective mitigation measures, climate change could…
By Elizabeth Dwoskin San Fransisco — Mountain View, Calif., start-up Quixey was the envy of many in Silicon Valley when the company announced a multimillion-dollar investment from one of China’s largest and most powerful technology companies, Alibaba. The $110 million…
‘Initially I purchased a cow by taking investment an amount of 6 thousand from the Rural Development Scheme (RDS) of Islami Bank Banglaesh Limited. At second phase, I took investment of tk. 10 thousand and purchased a sweing machine. And…
New Delhi, 12 May 2016 – Development projects supported by the International Fund for Agricultural Development (IFAD) in India have been effective in reducing poverty and improving the livelihoods of rural poor people, according to an independent evaluation report presented…
Dhaka – Bangladesh is now most attractive and safe place for investment Commerce Minister Tofail Ahmed said Thursday. The government has offered several special motivation packages for foreign investors to invest in Bangladesh, the minister said at a meeting with…
By Patrick Martin A report issued Thursday by the British charity Oxfam found that the 50 largest US corporations are hiding $1.4 trillion in profits in overseas accounts to avoid US income taxes, much of it in tax havens like…
Dhaka – The parliamentary standing committee’s reports on five bills related to the rise of remuneration and privileges for the President, Prime Minister, Speaker, Ministers and MPs were presented today. Chairman of The Parliamentary Standing Committee on Law, Justice and…
Increased appeal exports could create more and better jobs in Bangladesh if the country makes improvement in productivity and product quality by enforcing a better safety condition and other compliance policies, said a World Bank report. The report, released on…
By Ellen Brown The bombshell publication of the “Panama Papers,” leaked from a Panama law firm specializing in shell mpanies, has triggered both outrage and skepticism. In an April 3 article titled “Corporate Media Gatekeepers Protect Western 1% From Panama…
Dhaka – The National Board of Revenue (NBR) is collecting list of names and salary statements of officials and employees of the private sector organizations, sensing it could fetch considerable amount of revenue from there.
The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved eight development projects involving Taka 1,442 crore. The approval came at the 25th meeting of the ECNEC in the current fiscal held at the NEC conference room in…
New Delhi (Indrajit Bose) — The Green Climate Fund’s Board adopted a comprehensive Information Disclosure Policy at the 12th Board meeting in Songdo, South Korea, held from 8-10 March. This included the decision to webcast live the Board’s meetings until…
Geneva (Kanaga Raja) – Curbing tax-related illicit financial flows has the potential to make the largest fiscal impact and would enlarge domestic resources available for the realization of human rights, including social, economic and cultural rights, a UN human rights…
Geneva (Kanaga Raja) — Global flows of Foreign Direct Investment (FDI) jumped by 36% in 2015, reaching an estimated US$1.7 trillion, with the principal factor behind the global rebound being a surge in FDI targeting the developed economies, the United…
Nobel Laureate Professor Muhammad Yunus was invited by the Union Finance Minister of India Arun Jaitley for a one-on-one meeting in Davos on Thursday 21 January during the World Economic Forum.
Dr. Atiur Rahman In the evolution of sustainable development, three mutually reinforced pillars have been the key- people, planet and profit. In light of 2030 SDGs, 3P’s have been upgraded to 5P’s- People, Planet, Prosperity, Peace, and Partnership. All countries…
The European Union grants EUR 118 million (11 Crore 80 Lac Taka) for Civil Society Participation in Decision Making, Food and Nutrition Security, and Skills Development in Bangladesh The EU Development Cooperation Multiannual Indicative Programme (MIP) 2014-2020 aims at assisting…
Bangladesh Bank (BB) signed separate agreements with six private banks on Wednesday, the 23rd of December, 2015 to facilitate long-term financing under the World Bank funded Financial Sector Support Project (FSSP) at the Bangladesh Bank Head Office premise.
Alessandro Galli Oakland – For the past decade, much attention has been paid to Greece’s public finances. And when, in November, the country faced the first review of its reform progress under its latest agreement with its creditors – an…
Brussels – As global humanitarian needs are set to reach a historic high in 2016, the European Commission is stepping up its humanitarian budget to record levels. The European Commission on Thursday adopted its humanitarian aid budget for 2016. With…
The government has gazetted the new pay scale for public servants, dissolving selection grade and timescale. In September this year, the new pay scale was approved with a highest basic pay of Tk 78,000 and a minimum of Tk 8,250.…
SUPRO, in collaboration with the Oxfam and the “Capacity for Research and Advocacy for Fair Taxation (CRAFT)” consortium recently conducted a study on ‘Fair Tax Monitor Bangladesh’ in line with two African countries: Senegal and Uganda with the objectives to…
Dhaka – World Bank chief economist Dr. Kaushik Basu on Sunday said that the economic growth of Bangladesh in 2015 will be 6.5 percent and this growth will reach 6.7 percent in 2016 when Chinese growth will be in the…
Aachen/Berlin/Bonn/New York – For the last few decades, increasing globalization of the world economy and waves of deregulation and privatization have facilitated the emergence and increased the power of private actors, particularly of large transnational corporations. However, it is not…
Geneva (K M Gopakumar) – Millions of dollars given by major pharmaceutical companies to the World Health Organization (WHO) raise questions of compliance with the organization’s guidelines on interactions with commercial enterprises. Currently, WHO’s relations with commercial enterprises are guided…
Manama, Bahrain: Middle East Global Advisors, the conveners of the World Islamic Banking Conference (WIBC), launched a comprehensive outlook report on the final day of WIBC 2015. Dr. Sayd Farook, Vice Chairman and CEO of Middle East Global Advisors, presented…