Bangladesh's debt servicing has exceeded foreign aid commitments in the first four months of the current fiscal year, as both interest and principal repayments on external loans have risen, according to official data. Economic Relations Division (ERD) figures show that the government repaid US$1.5

Bangladesh expects US$250 million soon from the Asian Development Bank in credit for bankrolling budget-financing shortfall, officials say, as an ADB mission is now in Dhaka reviewing country position on financial front. "The budgetary support might be confirmed within a few months as the ADB miss

Now the beleaguered Gazi Group is also getting special opportunity to reschedule its hefty default loans, officials say. Pursuant to government policy update, the central bank's high-powered loan-rescheduling committee has asked the 19 commercial banks and financial institutions concerned to

Bangladesh had to forsake Indian line of credit (LoC) support for three major infrastructure projects after months of noncooperation from the lender and contractors after the regime change through July 2024 uprising. Dhaka is now looking for alternative funding sources to keep the delayed schemes

Transport sector tooters over development-budget execution as at least four directly relevant ministries couldn't even half do their works in 11 months of the departing financial year, insiders say. The Ministry of Railways, Bridges Division, Shipping Ministry, and Civil Aviation and Tourism Minis

A Bangladesh-China meeting takes place tomorrow (Thursday) for resolving a stalemate over the terms binding preferential buyer's credit (PBC) as Dhaka seeks the newly offered Yuan-based loans for development funding on softer conditions, officials said. Beijing has offered Yuan (RMB)-denominat

Six proposals from national and international commercial banks have so far been received as the bankers queue up for funding Bangladesh's LNG import with the World Bank playing the guarantor, officials said. Now, they said, the country's energy and mineral resources corporation - nicknamed Pet

China has sought a better investment climate in Bangladesh as its businesses are ready to set up establishments here, officials said on Tuesday. They said many Chinese businesses at a working-group meeting in Dhaka last week expressed their willingness to invest in Bangladesh and stressed the need