In Bangkok, IMF chief Kristalina Georgieva highlighted how the world economy was being pulled in opposite directions by a negative energy supply shock caused by the US war on Iran and a positive demand shock caused by the artificial intelligence technology boom. “The shift into high gear (from AI) is what is growing the world […]
Additionally, interest bearing loans can be availed at a maximum annual compound rate of 3 per cent to meet business requirements including purchase of raw materials, the circular said. It says these loans must be repaid in lump sum on maturity and can be rolled over for a maximum of three years. For medium term […]
To streamline distribution, the Tk 30 billion fund has been divided into four priority sectors. They are – Agricultural production: 15 per cent of total funds allocated; Conservation, transportation and infrastructure: allocated 35 percent of funds; Agro-based product manufacturing and processing: 35 per cent of funds allocated; Agricultural export sector: The remaining 15 percent of […]
The program is structured on two strategic pillars: strengthening energy resilience and enhancing economic management and governance. Under the first pillar on energy resilience, the program supports policy actions on energy diversification and energy efficiency, contributing to stable electricity and energy supplies by ensuring the sustainability of high-efficiency power generation facilities, strengthening grid system planning […]
For low- and middle-income families, government savings certificates have traditionally been a reliable means of savings. Returns from these instruments often serve as an important supplemental source of income during emergency situations, including medical needs or rising household expenses. Government data shows that people are not only buying fewer savings certificates, but also selling certificates […]
According to the review, deposits are increasing by 1000 billion taka every year. But loans are increasing by about 1500 billion taka every year. Meanwhile, one-third of the total deposits have come in the form of fixed deposit receipts (FDR). One-fourth of the loans have gone to the government. According to the Economic Review, total […]
Ahsan H Mansoor, executive director of research organisation Policy Research Institute (PRI), has warned that the economy should not be destroyed to save weak banks. “The policy has to be maintained and we should not back down from it. Commercial banks, which themselves are responsible for the liquidity crisis, are being supplied with money. The […]
Speaking at an exchange of views organised by the Diplomatic Correspondents Association, Bangladesh (DCAB), the European Union (EU) Ambassador spoke about economic growth, climate change, defence and security cooperation, Rohingya problems and future challenges. Charles Whiteley praised Bangladesh for its repayment of foreign debts. He said that the average debt-to-GDP ratio in many Asian countries […]
Commenting on there being nothing new in the proposed budget, Salehuddin Ahmed said, “The budget has been presented in challenging times. But I don't see anything new in it. The figures from the previous budget have just been shuffled around. It is being said that the budget is contractionary, but if you look at the […]
Fundamental weaknesses have been exposed in the entire economic system. Comprehensive qualitative changes are required, otherwise it will not be possible to overcome the crisis. Wahiduddin Mahmud raised the question whether any such initiative was taken from the highest level of the government. The government is continuously taking foreign loans. Expenditure on interest has increased […]
The budget is not about speeches. It is a statement on medium-term macroeconomic policy. This statement is one of the many documents related to the budget. It mentions various challenges faced by the economy, such as a strict monetary and expenditure contractionary policy is being followed, in the hope that this will reduce inflation in […]
Though the government is trying to reassure people, no one is believing it because the base has become weak. Apart from this, there is also pressure to fulfill various conditions of the International Monetary Fund (IMF). This multidimensional pressure has also affected the upcoming national budget. The growth rate which was more than 10 percent […]