Rooppur, Matarbari, metros to get highest ADP allocation
The government is set to increase budget allocation for quick completion of the Rooppur nuclear and Matarbari coal-fired power plant projects.
4d ago
April food prices cross 10%, highest in five months
According to the Bangladesh Bureau of Statistics (BBS), food inflation jumped 35 basis points to 10.22 percent last month from 9.87 percent in March. This was the first time in five months that food inflation hit double digits.
5d ago
Make budget tight, control inflation
Prime Minister Sheikh Hasina yesterday directed the finance ministry to formulate a contractionary budget for the upcoming fiscal year to control inflation.
6d ago
Health, education face spending cuts again
Education and health sectors are set to get less Annual Development Plan allocation than prescribed in the eighth five-year plan.
6d ago
Will BB steps build up reserves? Not so soon
Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.
1w ago
IMF eases forex reserves target
Thanks to bold reform measures taken by the authorities, the IMF has drastically slashed the Net International Reserves (NIR) requirement for Bangladesh for the fourth tranche of the $4.7 billion loans.
1w ago
ADP to see record foreign funds next fiscal year
Amid the crisis of dollars, the next Annual Development Programme will have a record Tk 1 lakh crore allocation from foreign funds.
1w ago
Forex reserve target for IMF loans may be revised down to $18b
The latest proposal was made to the IMF’s visiting mission yesterday during a joint meeting with officials of the finance division and central bank at the finance ministry in Dhaka.
1w ago
May 1, 2024
More exchange rate flexibility needed
Bangladesh’s macroeconomic performance has significantly improved since the country entered the IMF’s $4.7 billion loan programme in January last year, but the bleeding of foreign currency reserves continues, putting the taka under pressure, the global lender said yesterday.
April 30, 2024
IMF suggests greater flexibility in exchange rate to ease pressure on external account
Bangladesh should allow greater flexibility in its exchange rate to address issues in its external account, particularly the deficit in the financial account, said the International Monetary Fund (IMF) today
April 30, 2024
IMF Loan: Govt may miss two key targets set for fourth tranche
The government is likely to ask the International Monetary Fund (IMF) to revise down two key targets related to Net International Reserves (NIR) and tax revenue collection, set for June this year for the release of the fourth tranche of its $4.7 billion loan, finance ministry officials said.
April 28, 2024
A third of budget spent on interest payments, subsidies
The government spent Tk 246,583 crore in July-January of 2023-24 out of the total budget of Tk 761,785 crore for the entire fiscal year, figures from the finance ministry showed. The outlay under interest payments and subsidies was Tk 88,226 crore, which was 36 percent of the allocation.
April 28, 2024
Improving summer power supply: Govt pays half the subsidy power ministry needs
The Finance Division last week disbursed Tk 1,500 crore in subsidy against the power ministry’s demand for the immediate release of Tk 3,000 crore to boost electricity supply during the summer months.
April 26, 2024
IMF suggests raising power, gas and fertiliser prices
The International Monetary Fund yesterday recommended reducing government subsidies by hiking prices of power, gas and fertiliser, and spending the saved money on society safety net programmes.
April 23, 2024
3rd Loan Tranche: IMF team to focus on four key areas
During its visit to Dhaka, the International Monetary Fund’s review mission will focus on Bangladesh’s foreign exchange reserves, inflation rate, banking sector, and revenue reforms.
April 21, 2024
Higher debt to put strain on Bangladesh as revenue remains low
In the last decade, the debt-to-GDP ratio rose by 13 percentage points. The IMF forecasts that the ratio will reach 43.5 percent in 2028-29.
April 18, 2024
Social safety net to get wider and better
A top official of the ministry said the government would increase the number of beneficiaries in two major schemes – the old age allowance and the allowance for widows, deserted, or destitute women.
April 16, 2024
Economy in for a double whammy
With inflation edging towards double digits and quarterly GDP growth nearly halving year on year, pressure on consumers is mounting and experts are pointing at even darker clouds.
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