Global credit-rating agency Fitch forecasts macroeconomic pickup in Bangladesh from the political transition-time setback, provided that the reforms spearheaded by the interim government sail through. On the downside of the current situation, Fitch Ratings in its latest report notes that Banglades
The Asian Development Bank (ADB) has assured Bangladesh of extending its budgetary support to $600 million for facing the LDC graduation challenges, officials said on Monday. Following Bangladesh's request, the Manila-based lender has assured it of providing the increased budgetary credit, they sa
Expatriates sent nearly $1.53 billion in remittances to Bangladesh during the first 19 days of October in fiscal year FY 2024-25, according to Bangladesh Bank (BB) data released on Monday. On average, daily remittances amounted to $80.70 million during this period. In comparison, remittances in th
The REPO auctions, through which commercial banks borrow funds from the Bangladesh Bank (BB), will now be held one day, instead of two working days a week, from November 1, 2024. “Banks will be able to borrow through repo lending from the central bank only on Tuesday of every week,” ac
Devolvement on Primary Dealers (PDs) in primary auction is set to be withdrawn shortly to ensure market-driven yields on government securities, officials said. The policy will be included in the fresh PD guideline, which is being updated by the Bangladesh Bank (BB), aiming to bring dynamism in the
