The Bangladesh Bank (BB) has finally reached the net international reserve (NIR) target, a condition set by the International Monetary Fund (IMF) as part of its $4.7 billion loan package for stabilising the country's macroeconomic situation. The central bank achieved the target nearly two weeks ah
The country risks plunging into an economic crisis in the coming days if the government fails to accelerate public and private investments within the shortest possible time, analysts have warned. According to Planning Adviser Dr Wahiduddin Mahmud, private investment remains stagnant in the country
Experts at a workshop held recently put emphasis on the need for evidence-based policies that prioritize regional demands, improve governance in subsidy distribution, and create a supportive environment for local industries. They maintained that achieving sustainable agricultural mechanisation wou
Finance Adviser Dr Salehuddin Ahmed on Saturday said the government is working to establish a national single window that will centralise all relevant data for businesspeople. "Currently, businesspeople have to visit multiple places to gather information. The single window will provide all require
As the Economic Census is going on across the country, the national statistical organisation is struggling to collect data especially from the medium to large industrial and commercial units. Most of the enterprises in the segment are reluctant to share necessary information with the enumerators,
The International Finance Corporation (IFC) has sought final approval from the government on Bangladesh Taka (BDT)-denominated bonds planned for the launch on the local market for industrial-and- business financing, officials said. Country manager of the IFC for Bangladesh Martin Holtmann, in a le
Industries ministry has requested finance ministry to issue Tk 80 billion worth of government bond to adjust state-run sugar mills' liabilities to six banks, according to officials concerned. The Bangladesh Sugar and Food Industries Corporation (BSFIC) owes Tk 69.50 billion to five state-run banks
The World Bank’s Board of Executive Directors on Thursday approved three operations totaling $1.16 billion to help Bangladesh improve health services, boost water and sanitation services and achieve greener and climate-resilient development. “Bangladesh is among the most vulnerable cou
Finance Adviser Dr Salehuddin Ahmed said Thursday that the economic situation in Bangladesh is not gloomy, but it is in a challenging position. At the same time, he acknowledged that the gross domestic product (GDP) growth may slow down to 3.8 per cent at the end of this fiscal year as projected b
The fourth tranche of the International Monetary Fund (IMF)'s ongoing credit programme amounting $645 million is expected to be available by February 10, said Chris Papageorgiou, IMF Mission chief for Bangladesh on Thursday. He said this at a press conference at the finance ministry in Bangladesh
As the demand in the import sector jumps ahead of Ramadan and the central bank preparing to boost its reserves, the price of the dollar has gone up. Although Bangladesh Bank fixed the exchange rate at Tk 120, some private banks bought remittances at Tk 126.50 to Tk 127 on Tuesday. The money changi
Adviser to the interim government on the Ministry of Commerce Sk Bashir Uddin has urged the Swedish entrepreneurs to come up with more investment in Bangladesh. “Bangladesh and Sweden have long-standing friendly relations. Sweden can further accelerate the relationship by investing in the co
The International Monetary Fund (IMF) has consented to provide Bangladesh $ 750 million loan as the third tranche of a $4.7 billion loan. “IMF and Bangladesh have reached staff-level agreement on the policies needed to complete the 3rd review of IMF supported Extended Credit Facility (ECF),
