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World Bank approves 12b USD for corona vaccines

Image: Collected The Board of Executive Directors of World Bank has approved $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing, which aims to support vaccination of up to a billion people, is part of an

World Bank chief warns extreme poverty could surge by 100 mn

WASHINGTON (AFP) The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday. The Washington-based development lender previously estimated that 60 million people would fall into extreme poverty due to COVID-19, but the new estimate puts the deterioration at

Well thought-out investment planning helps raise economic growth: WB

BSS Well thought-out investment planning helps raise economic growth rates, increases competitiveness, offers new economic opportunities, and bolsters improvements in human capital, said a new World Bank report. The report addresses need to better understand current levels of infrastructure quantity and quality. The report presents data about infrastructure provision in three key sectors

From The Editor March 2018

Dear readers, With the International Women's Day in mind, we have designed an issue that takes a look at the prominent women innovators and entrepreneurs in the ICT, fintech and banking sector. That is not to say their work and influence do not surpass the confines of these fields, neither to suggest

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NO BANK, NO WORRIES: THERE ARE MFSs

Abdus Sattar, a sugarcane farmer of a remote village in Gaibandha—a sleepy northern district of Bangladesh—always get daunted by the spic and span ambience of a bank branch. In places like Govindaganj, the nearest upazila from Sattar’s village that has branches of few of Bangladesh’s commercial banks, the buildings housing the

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