Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
Dr. Mojumdar is an accomplished professional with a career spanning over 30 years in various fields of finance, macroeconomics, international economics, customs, trade facilitation issues, international development, WTO issues and international business coordination. Prior to joining the Energy and Mineral Resources Division under the Ministry of Power, Energy and Mineral Resources, he served as Additional […]
According to Bangladesh Bank records, at the end of December 2022, defaulted loans in the banking sector stood at over Tk 1.2 trillion (120,657 crore), which is 8.16 percent of total disbursed loans. In December 2021, the amount of defaulted loans was a little over 1 trillion taka (103,274 crores); And it was 7.93 per […]
The partnership was inaugurated by cutting the cake at 11 am. Earlier this year on January 15, both the organizations had signed an agreement for partnership. The speakers also said that this initiative would mark a milestone for digital cash transactions. Arinjoy Dhar, Senior Director, BRAC Microfinance said, “BRAC has been working for marginalized communities. […]
Ahsan H Mansoor, former IMF official and executive director of the Policy Research Institute (PRI), said, “I am assuming that some dollars will come in the next two months. But the government must stop selling dollars altogether to keep reserves within the IMF’s June target. He said that the deficit is not that small and […]
The cash-strapped country has been taking major measures to secure IMF funding, including raising taxes, removing blanket subsidies and artificially placing restrictions on the exchange rate. While the government is hopeful of striking a deal with the IMF soon, media reports say the agency is hopeful of a policy rate hike. The next meeting of […]
However, banks that have sufficient liquid assets or a stable funding structure will be able to tide over the issue. The agency said that weaker banks with fewer government securities would find it difficult to access funds from the interbank market. Although banks can fill this liquidity crunch through lending, the cost of such funds […]
Reuters reported last week that India has drafted a proposal for G20 nations to help debtor nations by asking lenders, including the world’s biggest sovereign creditor China, to take drastic cuts on debt. US Treasury Secretary Janet Yellen and German Finance Minister Christian Lindner will attend the meetings and are expected to press China to […]
The G7 meeting will be followed at the end of the week by a massive gathering of G20 financial leaders from the world’s major economies, hosted by India, which holds the G20 presidency, in Bengaluru. The Ukraine war and the global economy are expected to be central to the G-20 talks. It will discuss inflation […]
DBH Finance Plc (DBH), the country’s largest housing finance institution, recently held its first Shariah Supervisory Committee (SSC) meeting. According to a press release, the meeting was held at its headquarters in Gulshan, Dhaka. The meeting was presided over by Dr. Muhammad Saifullah, Mufti and Islamic Shari’a law expert, Chairman of the DBH Shari’a Supervisory […]
budget hole Russia has posted a deficit of 3.3 trillion rubles in 2022, equivalent to 2.3% of GDP – its worst performance since President Vladimir Putin came to power two decades ago. Finance Minister Anton Siluanov said in December that the price cap imposed on its oil could mean Russia’s budget deficit is wider than […]
The International Monetary Fund, whose delegation was meeting Pakistan’s finance minister on the sidelines of the conference, is yet to approve the release of the $1.1 billion originally disbursed in November last year. This has left Pakistan with enough foreign exchange reserves to cover only one month’s imports. Expressing dismay at the inaction of global […]
Britain will launch reforms on Friday to ease bank capital rules, one of 30 measures the government says will unlock investment and secure its position as the world’s “leading financial centre”. “Leaving the EU presents us with a golden opportunity to reshape our regulatory regime and unleash the full potential of our formidable financial services […]
