An Islamic Development Bank (IsDB) mission has assured Bangladesh of providing US$1.0 billion in loan for setting up a 3.0-million-tonne-capacity oil refinery, officials say and hope it would cut import dependence for petroleum fuels. The IsDB technical team extensively reviewed the ERL capacity d
Family card can have significant anti-poverty impact as the programme if properly targeted would reduce Bangladesh's overall poverty rate by 7.4 percentage points, according to a RAPID study. The newly-elected government recently introduced the piloted family card programme that offers Tk 2,500 mo
Any significant impact of the ongoing Middle East war on Bangladesh's economy is unlikely in shorter term, a finance division assessment concludes, but predicts a bite if the conflict prolongs. The finance division also does not see any possibility of big shortages of fuel oils and gas in the coun
Bangladesh's foreign exchange reserves stood at US$34.29 billion, according to the latest data released by the Bangladesh Bank (BB) today (Wednesday). Under the International Monetary Fund's (IMF) BPM-6 accounting method, the reserves stood at $29.57 billion, it added, BSS reports. &nbs
Bangladesh Bank (BB) has identified six major business groups as primary targets in its first phase of strategic efforts to recover laundered loan assets from abroad. Due to strategic reasons, the central bank has not yet disclosed the names of these groups, UNB reports. However, sources co
