IMF advises to keep the budget small
Foreign Secretary Masoud bin Momen told Prothom Alo that the Emir of Qatar himself said that he was surprised to see Bangladesh in his eyes. At one stage of the meeting he expressed his surprise at the development activities in Bangladesh and said, “Seeing is believing.” This shows that there has been a qualitative change […]
CPD Chairman Rahman Shobhan said that Bangladesh is performing better than Sri Lanka and African countries in terms of loan repayment. “We should think more about how we will repay the foreign debt in the coming days, and how we will increase our export capacity. Increasing exports will ease loan repayment. We need to plan […]
According to the World Bank, Bangladesh's economy is currently facing four challenges – high inflation, foreign exchange deficit, import restrictions and risks to the financial sector. However, the WB estimated that Bangladesh's economy would grow at 5.6 percent, although the government has targeted a growth of 7.5 percent. The Washington-based global lender highlighted these in […]
Keeping age in mind, youth should be the driving force of the economy. Economists call the high number of young people in the population the demographic dividend. Nearly 50 per cent of Bangladesh's population is young, but 39 per cent of them are 'idle'. This is hindering Bangladesh from taking advantage of this dividend. In […]
Earlier the highest rate of interest was 9 percent. But the central bank retreated from its previous position of setting a fixed interest rate. At present, the interest rate on the loan is decided following the six-month moving average rate of Treasury Bills (SMART) method. Earlier, 3.5 percent additional interest was added to this base […]
Statistics show that bilateral trade and economic relations in both the government and private sectors have grown manifold in 15 years. In 2008, as per official records, Bangladesh's total imports were US$2 billion (US$200 crore), which has now increased to US$16 billion (US$16 billion) and Bangladesh is now India's fourth top export market. Then, official […]
According to the report, Bangladesh had to repay more than US$2.03 billion, including interest, for loans taken from various development partners in the first eight months of the current fiscal year, compared to US$1.42 billion at the same time last year. There has been an increase of 610 million US dollars in repayment of foreign […]
“Almost all BNP leaders have been released from jail on bail. Where is the oppression here? Is this not a contradictory statement?” He asked question. Regarding power import from Bhutan, the AL Secretary General said that he feels that India will not object to importing power from Bhutan using Indian territory. He said that the […]
Considering the circumstances, CPD has advised to set three main objectives in preparing the next budget. First, to restore macroeconomic stability and protect disadvantaged populations; Secondly, to take initiative to increase revenue collection so that dependence on banks is reduced and it becomes possible to meet necessary expenditure from revenue income; And third, to prioritize […]
Some analysts believe that a section of people are bringing back black money to get incentives. It is possible that after receiving incentives, that money is being laundered again through informal means. As a result, inward remittances from the UAE through formal channels suddenly began to flow. However, bankers said banks are now providing various […]
The Prompt Corrective Action (PCA) rules state that banks will be classified on the basis of five indices. They are – Bank Capital Adequacy Ratio, Tier-1 Capital Ratio, Common Equity Tier (CET1), Actual Defaulted Loans and Corporate Governance or Good Governance. Tier-1 capital ratio is shareholders' capital, which is the sum of the bank's capital […]
Hassan recalled the historic ties between Bangladesh and the UAE, the two brotherly countries established by the founders, praised the leadership of the UAE for the unprecedented progress during the last five decades and the outstanding achievements of Bangladesh under the leadership of the Prime Minister. Thrown light on. Sheikh Hasina. Reviewing the entire gamut […]
