Economy / Bangladesh


BD may cut debt reliance as Finance Div devises strategy

BD may cut debt reliance as Finance Div devises strategy

Bangladesh would make its strides to reduce reliance on debt in the medium term amid two key macroeconomic challenges - low revenue collection and high-interest rate regime. To face the looming challenges, the finance division came up with the strategy for the next three financial years (FYs) as s

Q1 no-frill accounts grow 1.44pc

Q1 no-frill accounts grow 1.44pc

The number of NFAs (no-frill accounts) has grown by 1.44 per cent to more than 30.45 million with Tk 58,898.28-million deposits during the January-March period over its previous quarter. The central bank’s move is to ensure financial services for people of all segments in society. The Bangl

VISA rules the roost, says BB

VISA rules the roost, says BB

Transactions through credit cards continue to grow with VISA, thereby dominating the credit-card usage among Bangladeshis at home and abroad, according to officials. Not only Bangladeshis, but also the foreigners, who stay here for varied purposes, use the VISA card most in terms of transfer funds

Bangladesh’s BoP situation worsens

Bangladesh’s BoP situation worsens

Falling accounts receivables worsened Bangladesh’s balance-of-payments situation as latest statistics show the BoP deficit widened to US$8.8 billion in July-April period of this fiscal, thereby affecting the country’s credit ratings. The gap between what the economy earns and what it s

Bangladesh's GDP growth to be 6.2pc in FY '24

Bangladesh's GDP growth to be 6.2pc in FY '24

The World Bank (WB) has projected Bangladesh's GDP (gross domestic product) growth to be 6.2 per cent for the Fiscal year (FY)'24 and 6.4 per cent for FY'25 The global lender made the projections in its Global Economic Prospect in June. It, however, said in Bangladesh, continued import suppressio

BIDS lecture: ‘Covid leaves lessons for LMICs’

BIDS lecture: ‘Covid leaves lessons for LMICs’

The Covid-19 pandemic had been an economic shock for poorer countries in addition to a public health issue, a noted economist told a public lecture on Wednesday. "The pandemic was ultimately an economic shock for poorer countries," said Dr Ahmed Mushfiq Mobarak, a professor of economics at Yale Un

Govt liabilities from SOEs’ debts swell to Tk 985.9b

Govt liabilities from SOEs’ debts swell to Tk 985.9b

Government debt liabilities stemming from overdue loans of state-owned enterprises (SOEs) from local and foreign lenders go ballooning to Tk 985.9 billion this year amid financial upheavals, sources say. The amount is over 6.0-percent higher than last year’s—and such growing SOE borrow