World Bank, Global Partners Team up to Improve Bangladesh’s Health Sector

World Bank and all the other development partners of Bangladesh have joined forces to improve the healthcare system of the country. The Australian, Swedish, British and American government representatives had a meeting in Dhaka where they witnessed a Multi Donor Trust Fun Grant Agreement for the Bangladesh Health Sector Development Program. It will cost approximately USD 7 billion. 75% will be paid by the government and the rest will be paid by the partners.

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Shaik Hasina, Salauddin Kader, Nizami and Tofayal

Shaik Hasina, Salauddin Kader, Nizami and Tofayal in the picture. Probably it was taken during a parliament session in the 1980s.

History of Bangladesh's banking sector

The formally known ‘State Bank of Pakistan’ was renamed as ‘Bangladesh Bank’ right after Bangladesh’s independence. The Bangladesh Bank automatically became official foreign exchange reserve institute. It was too accountable for currency control, monitoring exchange and credit control. In the early 1970s, the government decided to permit foreign banks to continue their business and nationalize the local banks. In that very decade of 1970s, the primary concern of the government was to develop the country’s agricultural industry . This resulted in the Krishi Bank extending loans to more farmers. In the later decades, however, the county’s focus shifted to industrialization; resulting in various difficulties in the economic growth process. Lack of proper private activity guidelines and proper methods on loan giving were more significant of these problems. It was not until the late 1980s that these difficulties were being overcome and compensated for the agro sector. However the fin...

Salman F Rahman and BEXIMCO – “Taking Bangladesh to the World”

From its founding in the 1970’s by two brothers with uncommon foresight and vision, Ahmed Sohail Fasiur Rahman and Ahmed Salman Fazlur Rahman, the BEXIMCO group has grown from being focused solely upon commodities trading to the largest private sector group in Bangladesh. From real estate development to energy to aviation to textiles, the group has certainly touched lives. With a diversified group of industries accounting for almost three quarters of Bangladesh’s gross domestic product (GDP), “Taking Bangladesh to the world” seems a more-than-fitting motto for thegroup. In today’s climate of global business, it is not enough to be satisfied with success solely on the domestic level. BEXIMCO is certainly not. Even as Bangladesh’s biggest private sector employer, the group employs over 48,000 people worldwide and continues to grow. Under the guidance of its gifted management, BEXIMCO has its sights on the international market. The management team...

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