Finance & Economics

Bangladesh Receives $400 Million to Rehabilitate 600km Embankments in Coastal Districts

The government of Bangladesh signed a financing agreement worth $400 million for the Coastal Embankment Improvement Project (CEIP I) with the International Development Association (IDA), the World Bank’s concessional arm.

Lighting Rural India: Is Feeder Segregation the Only Answer?

Separate electricity infrastructure for rural agriculture and non-agriculture power consumers, also known as rural feeder segregation, is improving both the availability and quality of power supply in rural areas. However, a standard approach to...

Japan Rolls Out Controversial Tax Hike

On Tuesday, Japanese Prime Minister Shinzo Abe announced a long-anticipated and controversial plan to raise consumption tax from 5 percent to 8 percent by April of next year in a bid to help reduce Japan's massive public debt.

US Government Begins Shutdown

The U.S. government has enacted a partial shutdown after the two chambers of Congress failed to agree on a single spending bill by the October 1st deadline.

World Bank Announces Increased Support for Rural Development in Solomon Islands

The World Bank’s Board of Executive Directors approved a US$3 million grant in additional financing for the Solomon Islands Rural Development Program (RDP), which will continue to support community-led projects for priority infrastructure and...

New farm policy clears key hurdle: Agriculture MEPs endorse CAP reform deal

Legislation for the new Common Agricultural Policy (CAP) was endorsed by the Agriculture and Rural Development Committee on Monday, following last week's informal agreement in talks between Parliament, the Council and the Commission.

Despite Advances, S. Africa Still Lags in Internet Usage

South Africa is one of the most technologically advanced countries in Africa, yet two-thirds of its adults have never used the Internet.

Iran Resumes Payments to World Bank on Closed Loans

Effective September 27, 2013, the International Bank for Reconstruction and Development (IBRD) has moved all loans to the Islamic Republic of Iran from non-performing status to performing status following the payment of all overdue amounts on these...

EU programmes for research and small firms in 2014-2020 approved

Attracting new participants, strengthening support for small firms and better controlling EU spending are the key aims achieved by Industry and Research Committee MEPs on Thursday when they approved the research and innovation programme Horizon 2020...

World Bank Supports to Strengthen Bangladesh’s Anti-money Laundering Regime

The World Bank organized two training workshops ending for government officials and representatives from NGOs and banks aiming to enhance the capacity and competency for implementing the provisions of targeted financial sanction and Anti-Terrorism Law...