Net inflow of foreign direct investment (FDI) in the country declined by 13.80 per cent in the last calendar year, according to the latest statistics of Bangladesh Bank. It showed that the net inflow of FDI came down to US$3,000 million (or $3.0 billion) in 2023 from $3,479.45 million (or around $
Phasing out certain tax exemptions could generate additional Tk 600 billion as tax revenue in the next four years while more extensive reform measures are designed and implemented. Dr Ahsan H Mansur, executive director of the Policy Research Institute (PRI) said this at a programme at a city hotel
The Asian Development Bank (ADB), in its latest policy brief, has given several recommendations for promoting export diversification of Bangladesh. Given the urgency of the current economic situation, focusing on trade policy issues and improving export competitiveness should be a central part of
The International Monetary Fund (IMF) on Tuesday again advocated for Bangladesh to go for greater exchange rate flexibility to overcome the forex reserve linked problems. “It’s important that the next stage of the reform agenda is to allow greater exchange rate flexibility,
Bangladesh needs to assess its domestic capacity to maintain its target of 7.0-percent annual GDP growth, said the Asian Development Bank's (ADB) country chief on Monday. "Does the banking sector have the capacity to facilitate the increased demand from investors to drive economic growth?" ADB Cou
The government plans to substantially increase public investments across key sectors such as road, rail, bridge, shipping, civil aviation, and telecommunications, aiming to transform Bangladesh into an upper middle-income country by 2031 and a smart, developed country by 2041. According to the 'Me
Martin Holtmann, IFC’s Country Manager for Bangladesh, Bhutan, and Nepal, said that microfinance has been an important part of Bangladesh’s development journey. "As our economy transitions from Least Developed Country (LDC) status to the next level, the Microfinance industry can contin
The visiting International Monetary Fund (IMF) delegation has advised Bangladesh Bank (BB) to disclose detailed and complete information regarding bad and risky loans in the public interest. The visiting IMF delegation gave this suggestion in the meeting held with the central bank officials on Sun
Thai entrepreneurs may take full advantage of the reformed investment policies of Bangladesh by investing in various sectors of the country, a spokesperson for foreign ministry said on Saturday. To enhance bilateral trade, the Embassy of Bangladesh in Bangkok hosted a business meeting with Thai en
Waseqa Ayesha Khan, state minister for finance, has said in the next national budget the government will emphasise controlling inflation and boosting remittance and exports. She said this while speaking as the chief guest at a pre-budget roundtable discussion, organised by the Institute of Cost an
The International Monetary Fund’s 10-member mission will start reviewing the fulfilment of the conditions of its loan programme with Bangladesh on Wednesday, ahead of the release of the third tranche of the loan. The review mission is scheduled to reach Dhaka on Tuesday and will stay in Bang
Terming institutional weaknesses one of the major areas of concerns, discussants at a programme on Sunday suggested major reforms in government institutions for the sake of a sustained economic development in the country. There is an urgent need for ensuring good governance and rule of law along w
A report by Indian think-tank CUTS International (Consumer Unity & Trust Society) has warned India about the possible impact of the proposed Bangladesh-Japan Free Trade Agreement (FTA) on its trade with Bangladesh. The report -- a quarterly analysis by CUTS Dossier on Preferential Trade Agreements
