Additionally, various items may be put back in the negative list for which India does not give any preference, even under the South Asian Free Trade Agreement. The report said post-graduation market access provisions have not yet been settled in the EU as it prepares its new Generalized System of Preferences (GSP) arrangement. However, under […]
Despite the ongoing dollar crisis and dwindling foreign exchange reserves, a staggering amount of foreign aid – USD46.55 billion or Tk 5120 billion – remains untapped in Bangladesh. Funds were provided by donor agencies, but have not been released yet. It was revealed that due to some limitations on the part of the recipient and […]
The Prime Minister noted that as Bangladesh’s economy moves towards a higher growth path, it is desirable that ADB place a larger emphasis on projects that will bridge the digital divide, accelerate business competitiveness, advance and reduce poverty. Will transfer, produce carbon technologies. Promoting green energy, climate-resilient agriculture, diversifying exports, developing smart cities and enhancing […]
A leading business firm of the country paid an import bill of US $ 400,000 to a bank last week. He paid a total of Tk 44 million at the official rate of Tk 110 per USD. However, they had to pay an additional 13 taka per dollar through payment order. In total, he paid […]
Bangladesh’s growth to remain slow amid election uncertainty: ADB
Bangladesh Bank’s foreign exchange reserves have seen an increase after receiving loan installments from the International Monetary Fund (IMF) and Asian Development Bank (ADB). Total or gross reserves have now reached US$25.82 billion. Using the IMF’s BPM 6 accounting methodology, reserves amount to US$20.40 billion. However, the central bank has not disclosed net or actual […]
The 9th awards ceremony of the ADB TSCFP was recently held in Singapore in the presence of 200 representatives from various banks and financial institutions, where Hassan Sharif Ahmed, Executive Vice President and Head of Financial Institutions, Citibank, received the award from Steven Beck, Head of Trade and Supply. Received. Chain Finance, Asian Development Bank. […]
Iftikharuzzaman, executive director of Transparency International Bangladesh (TIB), believes that four reasons are responsible for the decline in foreign aid to NGOs. First, many countries and multilateral lending agencies are facing a funding crunch due to the COVID-19 pandemic and the Russia-Ukraine war; For this reason, less funds have been released to various projects in […]
ADB assisted in project structuring, negotiation, tender execution and provided assistance for commercial award and financial closure, the release said. “We have partnered with public authorities in Bangladesh to prepare, market and attract private sector partners to design, build, finance, operate and maintain this expressway,” said Cleo Kawawaki, Head of ADB Market Development and PPP […]
The session was not open to all, but was being broadcast on television screens in the media centre. At one point, Sharifa Khan, secretary of the Economic Relations Department (ERD) of the finance ministry and head of the Bangladesh delegation to the conference, was seen addressing the session on the TV screen. He gave his […]
Low corruption, low money laundering are the secrets of success
The letter addressed to JICA President Akihiko Tanaka said the COVID-19 situation, Russia-Ukraine war, rise in global food prices, disruption of crop production by floods have contributed to the rise in inflation in Bangladesh. The government made minor adjustments in the prices of power, fuel and fertilizers to counter the subsidy. The development budget has […]
2. Greater Dhaka Sustainable Urban Transport Project (BRT- Gazipur): The project will be implemented by the Department of Road Transport and Highways and implemented by the Roads and Highways Department (RHD), Bangladesh Bridge Authority (BBA) and the Local Government Engineering Department (LGED). The objective of the project is to improve the quality of urban life […]
Economy ADB to invest $2 billion in Bangladesh’s education sector over next 3 years Asian Development Bank (ADB) President Masatsugu Asakawa has told Education Minister Dr. Dipu Moni that ADB will invest $2 billion in Bangladesh’s education sector over the next 3 years. Dr. Deepu Moni meeting with Masatsugu Asakawa at ADB office on November […]
The supervision yesterday rigourously inaugurated prepaid gas meters for a residential consumers of a capital’s Lalmatia as well as Mohammadpur areas in a bid to revoke wastage of a application as partial of a pass devise to palliate gas crisis. Tawfiq-e-Elahi Chowdhury, appetite confidant to a budding minister, non-stop a gas scale with a smart-card […]