Economy

National savings dip to 5yr low

National savings dip to 5yr low

Bangladesh's gross national savings (GNS) are projected to decline to 26.93 per cent of gross domestic product (GDP) in the outgoing fiscal year-hitting a five-year low, The latest savings figure collated by Bangladesh Bureau of Statistics (BBS) marks a decline of 0.74-percentage points from

Tk 100b agri-refinancing scheme, BB revises its policy

Tk 100b agri-refinancing scheme, BB revises its policy

Bangladesh Bank (BB) has formally launched a Tk 100 billion special refinancing scheme to boost agricultural production and ensure food security, while revising key provisions from its initial proposal. The new directive replaces the plan to use foreign currency reserves with domestic bank surplus

IMF approves nearly $350 million of funding for Congo

IMF approves nearly $350 million of funding for Congo

The International Monetary Fund ​said on Friday ‌it approved about $348.5 million in funding ​for the ​Democratic Republic of Congo ⁠after completing ​reviews of programs ​under its Extended Credit Facility and Resilience ​and Sustainability ​Facility. The third review of the ‌ECF-suppor

48pc ADP implemented in 11 months

48pc ADP implemented in 11 months

Bangladesh implemented just 48.23 percent of its Annual Development Programme (ADP) during the first 11 months of the outgoing fiscal year, marking the lowest execution rate in 16 years. Data released on Thursday by the planning ministry’s Implementation Monitoring and Evaluation Division (I

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