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BD could make good use of IDA loans: WB

FE Report | July 03, 2018 00:00:00


Bangladesh could make good use of low cost International Development Association (IDA) loans, a top World Bank official said on Monday.

"Bangladesh is one of the largest recipients of the IDA funding from the World Bank, which I must say the government could make very good us of it," the visiting executive director of World Bank Aparna Subramani said.

"The IDA has become a part of development history (of Bangladesh)," she told newsmen after a meeting with finance minister AMA Muhith at his secretariat office.

Ms Subramani said she has briefed the finance minister about the latest developments in World Bank.

The IDA is a part of the World Bank that helps the world's poorest countries. Overseen by 173 shareholder nations, IDA aims to reduce poverty by providing loans and grants for programmes that boost economic growth, reduce inequalities and improve people's living conditions.

Bangladesh received around 10 per cent of the assistance under the IDA-17 programme. In 2017 alone the IDA assistance disbursement for Bangladesh was US$1.0 billion.

In the ongoing IDA-18 programme Bangladesh is also among the top three recipients of the loans.

The World Bank provides IDA assistance to 75 poor countries to help them foster economic growth, reduce inequalities and improve people's living conditions.

The concessional loans have a zero or very low interest charge and repayments stretch over 25 to 40 years, including a 5- to 10-year grace period.

syful-islam@outlook.com


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COMPANY YCP HIGH LOW CLOSE %CHG
MLDYEING 41.0 45.1 41.0 45.1 10%
SONALIANSH 331.0 359.9 336.9 359.9 8.7311%
STYLECRAFT 930.6 1000.4 1000.4 1000.4 7.5005%
LIBRAINFU 1036.6 1101.3 1045.0 1101.3 6.2416%
PENINSULA 31.8 34.2 31.1 33.6 5.6604%
MONNOSTAF 4985.2 5234.4 5100.0 5234.4 4.9988%
POPULARLIF 105.5 114.0 106.1 109.8 4.0758%
AMBEEPHA 562.7 599.0 570.0 585.3 4.0163%
SAIHAMCOT 21.0 22.1 20.3 21.8 3.8095%
PHARMAID 584.2 615.8 582.0 606.3 3.783%
COMPANY YCP HIGH LOW CLOSE %CHG
MLDYEING 45.1 45.1 41.0 41.0 10%
VAMLBDMF1 8.5 8.5 7.8 7.8 8.9744%
SONALIANSH 359.9 359.9 336.9 337.9 6.5108%
PENINSULA 33.9 34.2 31.1 32.0 5.9375%
MERCINS 22.6 22.8 21.4 21.4 5.6075%
LIBRAINFU 1101.3 1101.3 1045.0 1045.0 5.3876%
SAIHAMCOT 22.0 22.1 20.3 21.0 4.7619%
DELTALIFE 113.0 114.9 108.3 108.3 4.3398%
PF1STMF 5.3 5.3 5.1 5.1 3.9216%
PHARMAID 609.7 615.8 582.0 587.2 3.8317%
COMPANY YCP HIGH LOW CLOSE %CHG
OAL 13.6 12.7 12.1 12.2 -10.2941%
SKTRIMS 43.1 44.4 38.9 39.3 -8.8167%
PRIMETEX 43.4 43.3 39.1 39.7 -8.5253%
SUMITPOWER 42.0 40.5 38.2 38.6 -8.0952%
INTECH 66.5 66.5 60.4 61.3 -7.8195%
INTRACO 33.4 34.4 30.4 30.9 -7.485%
IBP 32.5 32.8 29.9 30.1 -7.3846%
SAMATALETH 57.5 57.7 52.7 53.4 -7.1304%
NURANI 20.4 20.5 18.8 19.0 -6.8627%
ADVENT 44.0 42.2 40.5 41.1 -6.5909%
COMPANY YCP HIGH LOW CLOSE %CHG
MEGHNAPET 16.1 18.5 16.1 18.5 -12.973%
QUEENSOUTH 43.1 48.0 43.0 48.0 -10.2083%
DACCADYE 4.5 5.0 4.5 5.0 -10%
NORTHERN 820.0 905.0 815.3 897.5 -8.6351%
PRIMETEX 39.7 43.3 39.1 43.3 -8.3141%
SKTRIMS 39.8 44.4 38.9 43.4 -8.2949%
SAMATALETH 53.0 57.7 52.7 57.7 -8.1456%
INTECH 61.1 66.5 60.4 66.5 -8.1203%
SHASHADNIM 68.1 74.1 67.1 74.1 -8.0972%
FINEFOODS 43.1 47.2 43.0 46.5 -7.3118%