Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
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 report says countries eligible to borrow from IDA may face a tough ride in the coming years: interest payments on their total external debt stock have quadrupled since 2012, the highest level ever. has reached US$23.6 billion. As interest rates rose in advanced economies, private lenders chased the money in 2022: They largely withdrew […]
Sri Lanka was yet to finalize a restructuring plan with its private and bilateral lenders after defaulting on its $46 billion external debt in April last year. CBSL said it hopes the latest rate cut, which comes on top of two in June and July, will help revive the economy. “The financial sector is urged […]
Some officials of the Islamic bank, speaking on the condition of anonymity, said that S Alam Group has started the process of buying some companies of Enontex. For this reason the loan was distributed in a hurry. But according to the rules of Bangladesh Bank, there is no legal provision to repay the loan of […]
In fact, we made some mistakes in our policy making even before the current global economic problems emerged. For example, maintaining the taka-dollar exchange rate, relying excessively on a product such as fuel oil rather than increasing revenue income, and treating foreign exchange reserves as investment assets rather than as symbols of economic strength and […]
Similar to traditional financial schemes, depositors will have the privilege of availing loans from Universal Pension Scheme to meet their immediate needs. The maximum loan amount will be 50 percent of the total deposit amount of the customer. However, there must be valid reasons for the loan application, such as meeting the cost of treatment […]
