The decline in the no-frill account (NFA) deposits during the July-September 2024 quarter could potentially limit access to credit for low-income individuals and small businesses. A latest Bangladesh Bank report revealed total deposits in the Tk 10/50/100 accounts stood at Tk 45.32 billion in the
The government is planning to lower the age limit for investing in Poribar Sanchayapatra (Family Saving Certificate) to facilitate purchasing such tools by the pensioners. In this regard, the Internal Resources Division (IRD) has recently sought opinion from the Finance Division whether the measur
The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Meghna Re-Rolling & Steel Mills Limited (MRSL), a sister concern of Meghna Group of Industries (MGI), to establish Bangladesh's first climate-smart steel plant. This state-of-the-art facility will pro
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 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 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
