Led by Finance Adviser Salehuddin Ahmed, the Bangladesh delegation held a series of meetings with IMF representatives in Washington.
The International Monetary Fund has no major disagreement with Bangladesh over reforms to the National Board of Revenue, one of the conditions set by the lender for the fourth and fifth instalments of the $4.7 billion loan.
The United States Trade Representative (USTR), the US government’s chief trade negotiation body, wants to see Bangladesh’s work plan on narrowing the bilateral trade gap before the Trump administration makes a call on reciprocal tariffs.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
Bangladesh is confronting a potential rise in poverty and inequality as stubborn inflation, job losses and a slowing economy erode household welfare, according to a World Bank report.
The government has increased the monthly salary for outsourced manpower of state-owned and state-run organisations after around six years by Tk 570 to Tk 1,102 in several cities and categories.
As much as $900 million has been on hold since 2022 in the central bank's escrow account
The government is set to install roadside monitoring stations at 24 locations in Dhaka and Chattogram to curb air pollution caused by motorised vehicles, with technical and financial assistance from Japan.
Led by Finance Adviser Salehuddin Ahmed, the Bangladesh delegation held a series of meetings with IMF representatives in Washington.
The International Monetary Fund has no major disagreement with Bangladesh over reforms to the National Board of Revenue, one of the conditions set by the lender for the fourth and fifth instalments of the $4.7 billion loan.
The United States Trade Representative (USTR), the US government’s chief trade negotiation body, wants to see Bangladesh’s work plan on narrowing the bilateral trade gap before the Trump administration makes a call on reciprocal tariffs.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
Bangladesh is confronting a potential rise in poverty and inequality as stubborn inflation, job losses and a slowing economy erode household welfare, according to a World Bank report.
The government has increased the monthly salary for outsourced manpower of state-owned and state-run organisations after around six years by Tk 570 to Tk 1,102 in several cities and categories.
As much as $900 million has been on hold since 2022 in the central bank's escrow account
The government is set to install roadside monitoring stations at 24 locations in Dhaka and Chattogram to curb air pollution caused by motorised vehicles, with technical and financial assistance from Japan.
The government’s revenue collection and spending targets for fiscal year (FY) 2025-26 have been set in line with the recommendations of a taskforce given the task of developing strategies to boost the economy, according to the finance ministry.
The new target has raised eyebrows, given the underwhelming performance in revenue collection so far
