Offshore-banking operations face setbacks following regulatory instructions downsizing the cost-ceiling rate on foreign-currency lending to businesses that dents profitability of commercial banks and may ultimately affect the economy. As the spread on foreign-currency loans squeezes under th
The Prime Minister's Office (PMO) has launched a comprehensive review of the implementation progress of the government's priority and flagship projects during its first 100 days in office, aiming to assess achievements and identify challenges in delivering key election pledges. The PMO has asked g
Bangladesh's first budget by the newly elected government sets "ambitious" revenue targets that may prove difficult to achieve given the country's weak track record in tax mobilisation and reform implementation. Such is the just-presented budget's ratings coming from the New York-based outfit Fitc
A meeting of the Executive Committee of the National Economic Council (ECNEC) is underway, with Prime Minister Tarique Rahman in the chair. The meeting began this morning at the Public Administration Meeting Room of the Cabinet Division at Bangladesh Secretariat in the capital, said Prime Minister
Bangladesh's proposed budget is a weak and in parts "unprofessional" fiscal and macroeconomic framework, with its welfare-oriented aspirations undermined by limited implementation capacity and questionable underlying assumptions, says Dr Debapriya Bhattacharya. The economist, also a distinguished
