Government agencies exposed their weakest capacity in implementing development programme as an unprecedented slowdown in public spending left over Tk 1.0 trillion unspent until penultimate month of last fiscal year, squeezing Bangladesh's  economic growth, analysts say. Although the gover

Building Mass Rapid Transit (MRT) line -5 southern metro rail in Dhaka city faces fresh hurdled as co-financer South Korea delays confirming its assured US$1.0-billion loan, throwing the timeline of the $4.9-billion mega-scheme into a pause, officials say. Nearly a month ago, the government reques

Bangladesh is set to get three-year extension for graduation from the least-developed country (LDC) status as the United Nations Economic and Social Council (ECOSOC) is going to recommend the much-needed breather, officials say. Nepal is another South Asian nation likely to get the time extension

Bangladesh's economic growth was on a slide as the latest official count found it 2.22 per cent in the third quarter of the just-past fiscal year, in a headlong fall from 4.53 per cent estimated in the same period of previous fiscal.Maps The primary driver behind this significant deceleration is a

Bangladesh is borrowing US$1.0-billion hard-term loan from the Islamic Development Bank (IsDB) for much-needed upgrading of Eastern Refinery's oil-refining capacity by 3.0 million tonnes a year, officials say.  The government's Standing Committee on Non-Concessional Loans, headed by Finance a

Japan is likely to help Bangladesh's small enterprises to manufacture spare-parts for its high-tech manufacturing industries like cars and motors as Dhaka has sought technical support for developing the production houses here, officials have said. This strategic support will enable local productio

The International Islamic Trade Finance Corporation (ITFC) has confirmed a US$3.30 billion worth of trade-financing package for Bangladesh to facilitate import of fuel oil, liquefied natural gas (LNG) and fertiliser. The financing will provide a crucial funding boost as the country grapples with f

Bangladesh is likely to request Japan International Cooperation Agency (JICA) President TANAKA Akihiko to slash the newly hiked interest rates for the loans to be used to finance different projects, officials say. Prime Minister Tarique Rahman may appeal to the JICA chief in this regard, underscor