IMF loan proves macroeconomic fundamentals on solid foundation: Finance Minister

The IMF’s ECF/EFF approval has enabled immediate disbursement of approximately US$ 476 million as the first of seven tranches scheduled over 42 months. The remaining amount will be in six equal installments of US$704 million each. The 42-month program will help maintain macroeconomic stability, protect the vulnerable, and promote inclusive and green growth. Reforms will […]

Finance Minister seeks help from World Bank to achieve development goals

Barrister Nihar Kabir said that though Bangladesh has done well in terms of handling the pandemic, there is no way to be complacent. He suggested the government to pay more attention to enhancing competitiveness, making human resource efficient, eliminating delays in supply chain management and procedural delays in Chattogram port. Through five decades of this […]

Assistance from IMF not in the form of bail-out but as a pre-emptive measure: PM Hasina

In this regard, he said that through initiatives like Yuva Bangla Andolan, steps have been taken to identify young entrepreneurs who want to be self-reliant. Sheikh Hasina also highlighted her government’s measures for women’s empowerment and women’s education, stating that 60 percent of primary teachers are women, while gender parity at the secondary level has […]

China reports nearly 60,000 Covid-related deaths in a month

This includes 5,503 deaths due to respiratory failure directly caused by the virus, and 54,435 deaths due to underlying diseases combined with Covid, Xiao said. Since abandoning its zero-covid policy in early December, China has been accused of downplaying the number of deaths from the virus. Health officials stressed on Wednesday that it was “not […]