The major objectives of the loan program include revenue mobilization, reducing the issuance of National Savings Certificates and increasing spending efficiency along with fiscal institutional reforms. Professor Selim Reyhan, SANEM’s executive director, also views the IMF loan positively. “This is a turning point for Bangladesh, not a political decision. Other lenders will have more confidence […]
Pakistan’s foreign exchange reserves with the central bank declined by $1.2 billion to $4.3 billion as of January 6, leaving the cash-strapped country with barely three weeks’ import cover, the bank said on Thursday. The State Bank of Pakistan (SBP) said in a statement that the decline was due to repayment of external debt. The […]
In a ward dedicated to pneumonia patients at the hospital, children two or three lie on beds, watched over by worried parents and a handful of medical staff. Some mothers held tiny oxygen masks over babies’ faces, while fathers packed the aisles outside. Suddenly there was a stampede. One-month-old baby Mohammad had stopped breathing and […]
The Bangladesh government has suspended the acquisition of land and the purchase of machinery, such as computers and electronic equipment, and furniture, as part of its efforts to cut operating expenses. The Finance Ministry said in a notice on Thursday that the order will apply to government, semi-government, autonomous and statutory organizations and state-owned companies […]
Seasoned economists have questioned the initiative to bring back black money and increase the number and tenure of bank directors from the same family. Mustafizur Rahman, Distinguished Fellow at the Center for Policy Dialogue (CPD), sought to know who dictated these policies, saying they are not acceptable under any standard, including moral, economic and political. […]
Last September, Bangladesh signed a government-to-government (G2G) agreement to buy 230,000 tonnes of rice from Vietnam. Apart from this, 100,000 tonnes of rice is being bought from India and 200,000 tonnes from Myanmar. Usna rice is being bought from Vietnam at the rate of $521 per tonne and Atap rice at the rate of $494 […]
