Bangladesh needs to expand its renewable energy capacity by 21 percent annually to meet its latest green energy target by 2030, requiring nearly $1 billion in yearly investment, according to a study by the Institute for Energy Economics and Financial Analysis (IEEFA).
The government plans to scale back its dependence on foreign loans as it seeks to mitigate threats to external debt sustainability.
The government has updated the Renewable Energy Policy after 17 years, aiming to produce at least 20 percent of the national power demand from green sources by 2030.
Target set to meet 20% of power demand from green sources by 2030
The loan utilisation period for the Rooppur Nuclear Power Plant is set to be extended by three years, as about $3.38 billion of the Russian credit remains unspent after the original deadline expired in December 2024.
Bangladesh's total debt reached Tk 1,944,171 crore by December 2024, increasing debt servicing pressure
The proposal to release the third and fourth tranches of the International Monetary Fund’s $4.7 billion loan is set to be presented to the multilateral lender’s board on June 23 after the government fulfilled all prior conditions.
Demonstrators' demands include removal of REB chairman, unified service rule
Three mega projects will get special focus in the upcoming development budget with the view to providing cheaper electricity, easing Dhaka dwellers’ transportation problem and enhancing international trade for Bangladesh.
Bangladesh’s GDP grew by 3.97 percent this fiscal year, the slowest in 34 years excluding the pandemic, on the back of lower growth in the agriculture and service sectors.
As much as Tk 122,000 crore is expected to be allocated for interest payment in the budget for the upcoming fiscal year, which is about 22 percent of the total revenue budget.
The budget for fiscal 2025-26 is likely to be smaller than the current year’s outlay, but subsidy spending is expected to remain almost unchanged at Tk 1,15,741 crore.
The government plans to raise the food subsidy allocation by 31 percent to Tk 9,500 crore in the upcoming fiscal year, aiming to ensure access to affordable food for poor and low-income households.
Kerosene and diesel will no longer cost the same, as per a new fuel pricing formula introduced by the Energy and Mineral Resources Division yesterday. ..As per the formula, Bangladesh Petroleum Corporation’s (BPC) administrative costs and Eastern Refinery’s fuel processing costs hav
For the first time, the planning ministry has used a digital budget planning system to categorise spending based on economic codes
The railway ministry, the power division, and the primary and mass education ministry will see the biggest chop.
The government has reached a staff-level agreement with the International Monetary Fund for the fourth and fifth tranche of the $4.7 billion loan programme, putting to bed months of uncertainty over their disbursement.
The government is set to reach an agreement with the International Monetary Fund over the exchange rate issue that has been holding up the release of the fourth and fifth tranches of the $4.7 billion loan programme soon.
