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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India on Thursday sealed the Attari-Wagah border crossing—its sole land link with Pakistan—after a militant attack in Kashmir left 26 tourists dead earlier this week.
Tanzanian police on Thursday arrested two senior opposition officials en route to a treason hearing for their party leader, Tundu Lissu, tightening the government’s grip on its critics.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 24th, covering the latest developments you need to know.
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Tanzanian police on Thursday arrested two senior opposition officials en route to a treason hearing for their party leader, Tundu Lissu, tightening the government’s grip on its critics.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for April 24th, covering the latest developments you need to know.
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Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least nine people and injuring 70, including six children and a pregnant woman, according to Mayor Vitali Klitschko.
India on Thursday sealed the Attari-Wagah border crossing—its sole land link with Pakistan—after a militant attack in Kashmir left 26 tourists dead earlier this week.
Tanzanian police on Thursday arrested two senior opposition officials en route to a treason hearing for their party leader, Tundu Lissu, tightening the government’s grip on its critics.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 24th, covering the latest developments you need to know.
The Philippines faces the lightest blow from Washington’s new tariff regime—just 17 % on average and with a third of its exports exempt—positioning Manila to lure trade and investment diverted from harder-hit neighbours, a Philippine Institute for Development Studies report says.
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The Russia–Central Asia summit is scheduled to take place in October on the sidelines of the CIS summit in Dushanbe, Russian Foreign Minister Sergey Lavrov announced.
India on Thursday sealed the Attari-Wagah border crossing—its sole land link with Pakistan—after a militant attack in Kashmir left 26 tourists dead earlier this week.
Tanzanian police on Thursday arrested two senior opposition officials en route to a treason hearing for their party leader, Tundu Lissu, tightening the government’s grip on its critics.
Iran has announced that expert-level technical talks with the United States will take place on April 26. According to Foreign Ministry Spokesperson Esmaeil Baqaei, the decision follows a suggestion by Oman and was reached through mutual agreement between the Iranian and U.S. delegations.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 24th, covering the latest developments you need to know.
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