Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
On visiting the work station near Kamlapur Railway Station, it was seen that no work was going on there. People were coming and going towards the railway colony and station through the gate. Later an electrician named Shahryar came out and said that the security guard was nearby and the work there was stopped for […]
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 […]
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 […]
Noting that Bangladesh is the fifth largest borrower of AIIB with a sanction of about US$3.5 billion, Mishra said: “We are primarily an infrastructure finance bank. Therefore, we also want to be a partner in the infrastructure development of Bangladesh. Because, with the commencement of the new metro rail line, the country is rapidly developing […]
Over the past decade, the amount of domestic and foreign debt as a proportion of revenue collected by the NBR has increased by nine percentage points, an analysis of NBR and Finance Ministry data shows. This means that government borrowing is increasing every year. The trend of borrowing has been high for the last three-four […]
The pressure of foreign debt repayment has increased amid the current dollar crisis. Payment of installments of huge loans taken bilaterally on tough terms from Russia, China and other development partners has started. As a result, the loan repayment amount is increasing rapidly and will increase further in the coming days. The amount of foreign […]
The Planning Commission believes that proper utilization of foreign loans and grants helps in sustainable development and maintaining balance of transactions. It therefore proposed the constitution of a committee under the leadership of the Principal Secretary to the Prime Minister to review the progress of the projects being implemented with foreign loans to ensure that […]
Mahmood Ali noted that economic problems will take some time to solve, and that people are generally understanding the drastic but necessary steps required in economic policy planning. However, there is a collective desire to see parity between the government’s words and actions. The issues of corruption and loan scams in the banking sector have […]
Another downside of Chinese loans is its short repayment period. Excluding the grace period, the entire repayment period for Chinese loans generally ranges from 10 to 15 years, which ultimately increases the amount of installments and increases the overall repayment pressure. However, one positive aspect of Chinese loans is that their interest rates, which range […]
IMF mission chief for Bangladesh Rahul Anand gave this advice in a virtual press briefing on Friday. He answered various questions regarding the financial situation in Bangladesh and the way out. The recommendations came after the global lender disbursed $690 million in the second tranche of the $4.7 billion loan to Bangladesh. The Asia and […]
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 […]
This situation has arisen due to a decrease in the distribution of soft loans and an increase in the volume of high-interest loans. The pressure has further increased with the commencement of loan payments for the Rooppur Nuclear Power Plant. In addition, there is also the pressure of repayment of loans taken from China and […]
