7 May 2020 – Humanitarians are seeking nearly $7 billion to protect millions of lives and halt the spread of COVID-19 in more than 60 of the world’s most fragile countries.
Tag: finance
Bigwigs to stay involved in govt support for small fries
President of the country’s apex trade organization FBCCI Sheikh Fazle Fahim on Monday said that they would remain involved in the working capital loan/investment disbursement process of the government-announced Tk 20,000 crore financial assistance package for cottage, micro, small and…
$100 million from ADB to support COVID-19 response in BD
The Asian Development Bank (ADB) on Thursday approved a $100 million loan to support the Government of Bangladesh in its efforts to address the immediate public health requirements of combating the coronavirus pandemic.“ADB stands with Bangladesh in this difficult time…
Save migrant workers from Covid-19, economic shock: MFA, LBB
An appeal to governments on behalf of Migrant workers in the midst of the Covid-19 pandemic An appeal to governments in the time of COVID-19 by Migrant Forum in Asia (MFA) and Lawyers Beyond Borders Network (LBB Network)
China to donate $30 million more to WHO
China has decided to give another US$ 30 million to the World Health Organization (WHO) in support of global efforts to fight COVID-19 and the construction of public health systems in developing countries, a Foreign Ministry spokesperson said here Thursday.…
Dhaka for voluntary fund, softer loans among OIC countries
Bangladesh has said the OIC Member States require a regional and global response based on unity, solidarity and compassion to overcome the challenges of this pandemic.
Govt spending must target inequalities, not bail out riches
Geneva, 17 Apr (Kanaga Raja) – States need to invest massively in decreasing inequalities and poverty arising out of the COVID-19 pandemic, and not just bail out large corporations, banks and investors with no human rights or social conditions attached.
কওমী ও প্রাইভেট মাদ্রাসা শিক্ষক মসজিদ ইমামদের বিশেষ ভাতা দাবী
কওমী ও প্রাইভেট মাদ্রাসা শিক্ষক-কর্মচারী এবং মসজিদের খতীব, ইমাম, মুয়াজ্জিন, খাদেম সাহেবদের দাবি নিয়ে জাতীয় ওয়ায়েজীন পরিষদ বাংলাদেশ এর পক্ষ থেকে মাননীয় প্রধানমন্ত্রী শেখ হাসিনার নিকট খোলা চিঠি
WB to launch COVID-19 urgent programs in over 100 countries
The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation, President David Malpass said Friday.
Decisive, collective action must to fight Covid-19: WB, IMF
1. The Development Committee met virtually on Friday, April 17, 2020. 2. Our meeting occurred at a time of unprecedented challenges due to the COVID-19 pandemic. Its devastating effects are being felt across the globe as the human and economic…
Trump’s freezing of WHO fund could not come at a worse time
The freezing of the US contributions towards the fund of the World Health Organisation (WHO) by President Donald Trump could not come at a worse time. The US President blamed the world health body with failure to act swiftly enough…
South needs $2.5tn support package to deal with Covid-19
Geneva (Kanaga Raja) – A $2.5 trillion support package is needed for developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN Conference on Trade and Development (UNCTAD) has said. “The economic fallout from the shock is ongoing…
WB provides $350mn for locals, Rohingyas in Cox’s Bazar
Dhaka, April 01 – The World Bank has approved $350 million in grant financing for three projects to help Bangladesh cope with one of the world’s largest forced exoduses.
G20 finance ministers for roadmap in response to COVID-19
Riyadh, Xinhua/UNB, April 01 – The G20 Finance Ministers and Central Bank Governors agreed Tuesday on delivering a roadmap in response to the novel coronavirus.
Fighting coronavirus: It’s time to invest in universal public health
By Isabel Ortiz and Thomas Stubbs NEW YORK and LONDON, Mar 23 2020 (IPS) – Austerity policies pushed by international financial institutions have weakened public health systems, despite current financial support packages, condemning many people to die. As health systems…
Coronavirus: ADB announces $6.5 billion package
The Asian Development Bank (ADB) on Wednesday announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic.
SC upholds 20 ILFSL men’s bank accounts, passports seizure
Dhaka, Feb 26 – The Appellate Division of the Supreme Court (SC) on Wednesday upheld a High Court (HC) order directing the government to seize bank accounts and passports of 20 people of the shareholder directors and top executives of…
Govt loss Tk 120bn a year as cable TV operators under-report
The government loses Tk 10,000-12,000 in revenue every year as the cable operators are not digitised their services, said Information Minister Hasan Mahmud on Sunday.
Those who siphon off money are ‘state thugs’: Dr Kamal
Stating that those indulge in money laundering are ‘state thugs’, Gonoforum President Dr Kamal Hossain on Thursday urged all to get united to establish ‘effective democracy’ in the country to get rid of ‘plundering, fascism and anarchy’.
HC makes Ibrahim Khaled director, chairman of ILFSL
Dhaka, Jan 21- To Protect the greater interest of the common shareholders and the depositors of the corporate sector of the country, the High Court has appointed Ibrahim Khaled, former deputy governor of the Bangladesh Bank, as an independent director…
Tea boy loses Tk 65,000 to Bkash scam
Brahmanbaria, Jan 03 – Bkash scammers tricked a tea seller into sending them Tk 65,000 on Thursday night.
Madrid talks end sans accord on finance for climate damage
By Isaiah Esipisu MADRID, Dec 17 2019 (IPS) – Millions of people, particularly in Africa, who lose their property, homes, and even die due to climate-related disasters will have to wait at least another year for the international community to…
GCF approves $407 mln for climate projects
Songdo, 18 Nov (Indrajit Bose) — The Board of the UNFCCC’s Green Climate Fund (GCF) approved USD 407.8 million to 13 new projects at its 24th meeting in Songdo, South Korea, which included two projects from China and Palestine that…
ODA, blended finance insufficient to achieve SDGs
Geneva, (Kanaga Raja) – Official development assistance (ODA) and blended finance alone are insufficient in both quantum and nature to enable the finance needed to achieve the Sustainable Development Goals (SDGs), according to the UN Conference on Trade and Development…
Bangla Bond to be listed on London Stock Exchange Monday
The first-ever Bangladeshi Taka-denominated bond titled “Bangla Bond” will be listed on the London Stock Exchange (LSE) on Monday.
Cross-border bank claims see highest growth since GF Crisis
Geneva, Oct (Kanaga Raja) — Global cross-border bank claims expanded by 6% year over year, their highest annual growth rate since the Great Financial Crisis (GFC), the Bank for International Settlements (BIS) has reported.
Pledges for global climate fund reach about $11 billion
Paris, Oct 25 (AP/UNB) — France’s finance minister says pledges to replenish an international fund meant to help poor nations tackle climate change will reach nearly 10 billion euros ($11 billion).
Taka currency notes floating in Karatoa River in Bogura!
Bogura, Oct 15 (UNB) – Hundreds of people gathered along the bank of the Karatoa River adjacent to Chelopara Bridge in the town on Monday night after a news spread that money is floating in the river.
BFIU seeks info of Juba League chairman’s bank accounts
Dhaka, Oct 3 – Bangladesh Financial Intelligence Unit (BFIU) has asked all banks and financial institutions to send in information related to the bank accounts of Juba League Chairman Omar Faroque Chowdhury within three working days.
Finance £6bn UK fund for BD, other climate vulnerable countries
British High Commissioner to Bangladesh Robert Chatterton Dickson on Saturday said the United Kingdom (UK) would be spending some 6 billion pounds to help Bangladesh and other vulnerable countries combat climate change with adaptation and mitigation.