Funds include $1.3 billion from IMF

Bangladesh Bank will soon announce its monetary policy for the second half of the ongoing fiscal year (2024-25) with the aim of addressing several economic challenges plaguing the country.

The central bank governor made this remark while inaugurating the Golden Jubilee Celebration of Bangladesh Institute of Bank Management (BIBM) in the city.

He also said that legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in the banking sector

The immediate past Awami League government’s failure to settle an international arbitration claim has left Bangladesh in a legal tangle in the US, leading to a surprise judicial order against two top officials of the interim government during their official visit to Washington last week.

A US court on Thursday issued “bench warrants for the arrest” of Finance Adviser Salehuddin Ahmed and central bank Governor Ahsan H Mansur whom a power company wants to testify, as it seeks to enforce a collective $31.9 million in arbitration awards against Bangladesh.

The meetings will take place in between October 21 and October 26 

Bangladesh has sought assistance from the UK to investigate the overseas wealth of allies of former prime minister Sheikh Hasina, as the new government intensifies its crackdown on members of her ousted regime, The Financial Times (FT) reported

BB is not blocking or interfering with the accounts of any businesses, regardless of their political affiliations, said BB Governor Ahsan H Mansur

A new governor has joined the central bank of Bangladesh. As a leading macroeconomist, he has rightly identified inflation and the lack of discipline in the banking sector as the main culprits to be addressed. Both issues are very important, there’s no doubt about it.

He will serve for four years, according to a notification issued by the Financial Institutions Division of the finance ministry.

Ahsan H Mansur says at BIDS conference on development

Bangladeshi conglomerates counted Tk 65,000 crore in losses in the last one year because of the fall of the local currency against the US dollar, which made loans costlier amid global economic volatility, a noted economist said today.