Budget-support funding from foreign financiers seems drying up as only US$750 million has so far been confirmed although the financial year nears end with the economy facing unanticipated shocks amid global crises. The country faces severe fund shortages caused due to heightened
The Asian Development Bank (ADB) on Friday approved a $250 million loan to support the government of Bangladesh in operationalising and institutionalising critical reforms aimed at improving the efficiency, coverage and effectiveness of the country’s social protection system. Subprogram 2 of
The global economy is facing ever more tangible strains from the energy shock triggered by the Iran war as factories grapple with soaring production costs and activity weakens even in services sectors, major surveys showed on Thursday. While much of the world's economy has shown resilience in the
Economists and business leaders have expressed grave concern over the government’s recent move to borrow from the central bank by "printing money", warning that such "high-powered money" could further fuel inflation. Ashikur Rahman, principal economist at the Policy Research Institute of Ban
Bangladesh Bank has clarified that any individual or group facing allegations of money laundering abroad will be barred from returning to the board of directors of any bank. Arif Hossain Khan, Executive Director and Spokesperson of the central bank, gave this clarification on Thursday to address p
