July-Nov ADP spending lowest in 8 years

Around 17.06 percent of the government’s annual development programme (ADP) for the current fiscal year of 2023-24wasimplemented in the first five months, the lowest in the past eight years.
18 December 2023, 18:30 PM

Forex reserves go past $20 billion mark after loans from IMF, ADB

Bangladesh's foreign currency reserves rose to $20.41 billion today after $1.09 billion in loans from two global lenders were added to the central bank’s account, said an official.
17 December 2023, 07:56 AM

IMF lowers forex reserves target for Bangladesh

The International Monetary Fund has set a new minimum foreign exchange reserves target for Bangladesh as the reserves have dropped at a faster-than-expected pace.
15 December 2023, 18:00 PM

Outlook negative in Bangladesh, Maldives among Asia-Pacific nations

Bangladesh and the Maldives are the two countries in the Asia-Pacific region where the rating outlook is negative, said Fitch Ratings in the Asia-Pacific Sovereigns Outlook 2024.
14 December 2023, 18:30 PM

Forex reserves slightly up

The reserves stood at $19.16 billion as of December 13.
14 December 2023, 12:28 PM

Reserves can hit $24.3b this fiscal year

Bangladesh’s gross foreign reserves can top up to $24.3 billion by the end of the fiscal year if greater exchange rate flexibility is allowed and a tighter monetary policy is pursued, the IMF said.
13 December 2023, 18:00 PM

IMF approves $681m in 2nd tranche of loan for Bangladesh

The IMF board yesterday approved the second instalment of $681 million for Bangladesh, putting to bed the uncertainty surrounding the tranche given that the country failed to meet two of the conditions needed for its release
12 December 2023, 18:48 PM

IMF approves $681m in 2nd tranche of loans

The IMF board yesterday approved the second instalment of $681 million for Bangladesh, putting to bed the uncertainty surrounding the loan tranche given that the country failed to meet two of the conditions needed for its release.
12 December 2023, 18:00 PM

Asia Pacific consumers likely to spend more on discretionary items in 2024: Mastercard

The Mastercard Economics Institute (MEI) today released the "Economic Outlook: Balancing Prices & Priorities" for the coming year, outlining the bright spots and watchouts that will define global growth.
12 December 2023, 07:54 AM

EPZ workers see 50% hike in minimum wage

The government has declared new minimum wage for over 4.8 lakh workers in export processing zones (EPZs), a development that comes nearly two weeks after it finalised a new pay structure for workers in the garments sector, the largest export-oriented industry in the country.
10 December 2023, 14:59 PM

Textile millers urge raising LC limit

Textile millers urged the Bangladesh Bank to raise the limit of letters of credit (LCs) so that they can bring more raw materials amid a huge depreciation of local currency against the US Dollar.
10 December 2023, 12:45 PM

Bangladesh and other LDCs face economic challenges amid complex geopolitics

Economist Wahiduddin Mahmud says at the BIDS conference
9 December 2023, 06:13 AM

Fighting Climate Change: Bangladesh to get $400m loan from ADB

Asian Development Bank has approved a $400 million loan for Bangladesh to help fight climate change challenges.
8 December 2023, 18:00 PM
8 December 2023, 16:18 PM

Corporate Sector: Profits eaten up by currency depreciation

The corporate sector’s profitability was severely impacted by the sudden currency depreciation, said Ahsan H Mansur, executive director of the Policy Research Institute.
7 December 2023, 18:00 PM

Buyer to drop sanction clause from LC: BGMEA

ZXY International has decided to remove the clause in the letter of credit (LC) that says that it will not accept garments from Bangladesh if the country faces any sanctions.
7 December 2023, 14:33 PM
7 December 2023, 10:47 AM
7 December 2023, 07:23 AM

Reserves remain under pressure

Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
6 December 2023, 18:00 PM

Over $1bn in loans expected next week

Bangladesh is expected to receive more than $1 billion in budget support from the Asian Development Bank (ADB) and the International Monetary Fund (IMF) next week, which could bring some relief to the nation’s dwindling foreign currency reserves.
4 December 2023, 18:01 PM