A global rating agency has warned that inflation in Bangladesh will remain persistently high despite the central bank keeping its policy rate unchanged at 10 per cent. “We maintain our view that inflation will stay above its (Bangladesh Bank) new target of 7.0-8.0 per cent (previously 6.5 pe
The ratio of classified loans in the banking sector jumped to 20.20 per cent by the end of December 2024 from September's figure of 16.90 per cent. The volume of bad loans in banks soared to Tk 3.45 trillion from a September-end count of Tk 2.45 trillion, according to the data of Bangladesh Bank (
Bangladesh Bank (BB) governor Dr Ahsan H. Mansur on Tuesday said the country made significant progress in the payment system over the years excepting mobile financial interoperability. The country now needs to ensure mobile financial interoperability service that will help execute large volume
Chief Adviser Professor Muhammad Yunus on Sunday urged Sweden to consider investing in social business in Bangladesh instead of providing grants as development assistance. The Chief Adviser came up with the call when Jakob Granit, Director General of the Swedish International Development Cooperati
Bangladeshi expatriates sent $1.93 billion in remittances in the first 22 days of February, according to Bangladesh Bank data. In the past seven months, since July, remittance inflows have exceeded $2 billion per month for six consecutive months. February is also expected to surpass this mark. Du
Bangladesh's currency remains overvalued and impacts adversely the country's trade competitiveness with international trading partners, according to official statistics. According to a Bangladesh Bank's latest report, the Bangladesh Taka is overvalued by more than 3.0 per cent or Tk 3.67. The cen
Microcredit-interest rates in the rural areas are declining due to increasing competition, driven by the presence of a substantial number of non-governmental organisations (NGOs), experts and economists said on Thursday. They noted that NGO-led microfinance institutions have played a crucial role
The World Bank (WB) is set to provide US$200 million worth of assistance to ensure accountability and transparency in Bangladesh's social safety-net programmes (SSNPs), officials said, after completing the negotiations on Thursday. The Department of Social Services (DSS) will spend US$75 million t
Bangladesh Bank Governor Dr Ahsan H Mansur said the next government should continue the reform process in the banking sector and continue the interim government's initiatives to try and bring back laundered money. Regarding bringing back the laundered money, the governor said, "No country has been
The long awaited Authorised Economic Operator (AEO) will start its operation on Sunday aiming to streamline import and export processes by providing a seamless clearance system. Finance Adviser Dr Salehuddin Ahmed will inaugurate the operation from a programme at rhe Multipurpose Hall of the
The fourth and fifth instalments of Bangladesh’s $4.7 billion loan package from the International Monetary Fund (IMF) which have been delayed due to unmet conditions, could be disbursed together in June, according to Finance Advisor Salehuddin Ahmed. Speaking after a session of the District
Mobile financial service (MFS) providers recorded Tk 1.64 trillion (Tk 1,64,740 crore)-worth of transactions in December 2024. This marks the highest monthly transaction amount in the history of mobile financial services in the country, according to the latest report by Bangladesh Bank. In 2024,
The key macroeconomic indicators -- such as inflation, exchange rate, and interest rate except the GDP growth are showing signs of recovery after hitting their lowest points in recent times, according to the latest report by CAL Bangladesh, a Sri Lanka-based financial institution and research organ
