Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
According to the information received from the Ministry of Science and Technology, mainly two issues will be discussed in the meeting. First, seeking additional time to repay the $500 million in the first tranche. Second, to review the financial agreement with Russia. Government signed loan agreement with Russia for 2400 MW Rooppur Nuclear Power Plant […]
According to the BSS report, Bangladesh Bank (BB) has increased the interest rate on loans taken from its Export Development Fund (EDF) by 50 percentage points. As per the BB circular, “It has been decided that the rate of interest on EDF loans to ADs will be charged by Bangladesh Bank at 3 per cent […]
The IMF’s ECF/EFF approval has enabled immediate disbursement of approximately US$ 476 million as the first of seven tranches scheduled over 42 months. The remaining amount will be in six equal installments of US$704 million each. The 42-month program will help maintain macroeconomic stability, protect the vulnerable, and promote inclusive and green growth. Reforms will […]
The Executive Board of the International Monetary Fund has approved a $4.5 billion loan to Bangladesh at the request of the government. Finance Minister AHM Mustafa Kamal announced the development in a statement on Monday night, thanking the global lender, especially its Deputy Managing Director Antoinette M Sayeh and Chief of Staff Mission Rahul Anand, […]
The Export Development Fund, set up to help exporters with foreign exchange on comfortable terms, has fallen from $1 billion to $6 billion, a development that could ease pressure on forex reserves. According to Bangladesh Bank spokesperson Mezbal Haq, businesses were borrowing less from the foreign currency fund as Bangladesh Bank formed an alternative fund […]
“We’re not going to default on the loan. We have the ability to manage the servicing and paying our interest. But in the same way we shouldn’t blindly raise the debt limit,” Representative Chip Roy, a prominent conservative, told Reuters. told. Roy dismissed concerns about volatile markets and the risk of a recession. Roy said […]
In this regard, he said that through initiatives like Yuva Bangla Andolan, steps have been taken to identify young entrepreneurs who want to be self-reliant. Sheikh Hasina also highlighted her government’s measures for women’s empowerment and women’s education, stating that 60 percent of primary teachers are women, while gender parity at the secondary level has […]
Félix scored once in five World Cup matches as Portugal were knocked out at the quarter-final stage. He started in Atletico’s 1-0 home defeat to La Liga leaders Barcelona on Sunday and was substituted after 73 minutes. “Chelsea is one of the great teams in the world and I hope to help the team reach […]
Among other sectors, the largest amount of loans went to purchase TVs, refrigerators, air-coolers, computers and furniture. This increased the consumer credit balance by Tk 56.53 billion. The balance was withdrawn in cash and appears to have been used to meet household or other expenses. At the same time, consumer loans increased by Tk 46.50 […]
Bangladesh Bank has said that banks can now waive agricultural and small and medium enterprise loans up to 500,000 taka without prosecuting defaulters. Earlier, lenders were eligible to liquidate bad loans up to Taka 200,000 as defaulted loans without prosecuting the delinquent if the charges were not mandatory. In its latest move, the central bank […]
2. Greater Dhaka Sustainable Urban Transport Project (BRT- Gazipur): The project will be implemented by the Department of Road Transport and Highways and implemented by the Roads and Highways Department (RHD), Bangladesh Bridge Authority (BBA) and the Local Government Engineering Department (LGED). The objective of the project is to improve the quality of urban life […]
According to campaigners, much of this work is unsafe, poorly paid, and often unsafe, with workers typically earning less than the minimum wage, not receiving sick leave or paid vacation, and vulnerable to exploitation by employers and executives. Huh. The COVID-19 pandemic hit informal workers hardest around the world – and one in two people […]
