The World Bank
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
WB approves $700m for projects supporting Rohingyas
The World Bank's board of executive directors on Wednesday (29 May) approved two projects totaling $700 million to provide basic services and build disaster and social resilience for both the host communities and the displaced Rohingya population in Bangladesh.
No more loans in the name of grants
Bangladesh ranks seventh among the top 10 countries most affected by climate change. The increasing global temperature is leading to more frequent occurrences of sudden floods, landslides, heatwaves, and droughts in Bangladesh. Researchers argue that the primary cause of climate change is the release of carbon dioxide by industrialized nations over the past two centuries. Despite their promises, these developed countries are not fulfilling their commitment to provide financial assistance to affected and vulnerable nations. Instead of providing grants, they are imposing various conditions on them to provide loans.
Lack of smart taxation to hinder telecom sector's growth: Palak
State Minister for Posts, Telecommunications and Information Communication Technology Junaid Ahmed Palak said, "Without a smart taxation policy, the desired growth of the telecom sector will be hindered."
Legal reforms are crucial for bank consolidation and identification of willful defaulters
At this moment, the most discussed issue in the banking sector is weak bank consolidation and willful defaulters being identified and brought under strict penalties. For a long time, the country's economists and bankers have been suggesting reforms for the banking sector, but the authorities have not heeded them. Recently, somewhat unexpectedly, Bangladesh Bank has instructed weak banks to merge with stronger ones in order to consolidate the banking sector. Simultaneously, there have been indications of adopting stringent measures against willful defaulters, who are considered as a 'menace' to the banking sector due to their significant influence and notoriety. Many have raised questions about why Bangladesh Bank has become vigilant regarding willful defaulters of loans and why it is initiating efforts for the consolidation of weak banks. Bangladesh Bank has not taken consistent or self-motivated initiatives to enforce stringent legal measures to address weak bank consolidation and identify willful defaulters of loans.
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