Bangladesh clinched two World Bank credits worth $850 million on Wednesday—$650 million to overhaul Chittagong’s Bay Terminal and $200 million to strengthen social protection—aiming to cut shipping costs, spur jobs and aid 4.5 million vulnerable citizens.
The World Bank and Bangladesh have signed two concessional loan agreements totaling $850 million to boost trade capacity, spur job creation and modernise the country’s social-safety net, the lender announced on Wednesday.
$650 million for Bay Terminal Marine Infrastructure Development – The funds will finance a six-kilometre, climate-resilient breakwater and new access channels at Chittagong, enabling the port to handle larger vessels. Officials expect shorter turnaround times and lower transport costs to save the economy about $1 million a day. When finished, the terminal should process roughly 36 percent of Bangladesh’s container traffic, benefiting more than one million people and expanding opportunities for women in port operations and trade.
$200 million for social-protection reform – The Strengthening Social Protection for Improved Resilience, Inclusion and Targeting project will deliver cash transfers, skills training, micro-credit and entrepreneurship mentoring to 4.5 million vulnerable people—especially youth, women, persons with disabilities and residents of climate-affected areas. A national registry will be created to sharpen beneficiary targeting and service delivery.
Both credits come from the World Bank’s International Development Association, which has committed over $45 billion to Bangladesh since 1971. Sustaining growth, said interim country director Gayle Martin, requires generating quality jobs for the nearly two million young Bangladeshis who enter the labour market each year.
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France will open a new high-security prison deep in the Amazon jungle of French Guiana, aimed at detaining drug traffickers and radicalised inmates.
Ukrainian President Volodymyr Zelensky held two separate phone calls with US President Donald Trump, centered on a potential ceasefire and how to respond if Russia continues to block peace efforts.
Robert F. Kennedy Jr. has promised to follow established rules for vaccine approvals as he leads the country’s top health agencies, but his administration is already introducing sweeping changes that may slow or complicate access to future vaccines.
President Donald Trump said the war in Ukraine should have remained a European matter and that the United States should not have gotten involved.
Countries have taken a major step toward finalizing a landmark global agreement aimed at preventing future pandemics.
France will open a new high-security prison deep in the Amazon jungle of French Guiana, aimed at detaining drug traffickers and radicalised inmates.
Ukrainian President Volodymyr Zelensky held two separate phone calls with US President Donald Trump, centered on a potential ceasefire and how to respond if Russia continues to block peace efforts.
Robert F. Kennedy Jr. has promised to follow established rules for vaccine approvals as he leads the country’s top health agencies, but his administration is already introducing sweeping changes that may slow or complicate access to future vaccines.
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Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
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EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
The U.S. Supreme Court recently allowed President Donald Trump's administration to move forward with ending Temporary Protected Status (TPS) for around 350,000 Venezuelans living in the U.S. Trump has also aimed to end TPS protections for Haitians, Afghans, and others.
The U.S. Supreme Court has granted a request from the Trump administration to lift protections under the Temporary Protected Status (TPS) program for approximately 350,000 Venezuelans, potentially opening the door to future deportations while litigation continues.
President Donald Trump said the war in Ukraine should have remained a European matter and that the United States should not have gotten involved.
Countries have taken a major step toward finalizing a landmark global agreement aimed at preventing future pandemics.
France will open a new high-security prison deep in the Amazon jungle of French Guiana, aimed at detaining drug traffickers and radicalised inmates.
President Donald Trump said the war in Ukraine should have remained a European matter and that the United States should not have gotten involved.
Countries have taken a major step toward finalizing a landmark global agreement aimed at preventing future pandemics.
France will open a new high-security prison deep in the Amazon jungle of French Guiana, aimed at detaining drug traffickers and radicalised inmates.
Ukrainian President Volodymyr Zelensky held two separate phone calls with US President Donald Trump, centered on a potential ceasefire and how to respond if Russia continues to block peace efforts.
Robert F. Kennedy Jr. has promised to follow established rules for vaccine approvals as he leads the country’s top health agencies, but his administration is already introducing sweeping changes that may slow or complicate access to future vaccines.
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