The Asian Development Bank plans to provide $1 billion in budget support to advance Bangladesh’s banking sector reforms, contingent on 25 conditions including the creation of a financial stability fund for banks facing capital shortfalls.
The government has pledged a series of sweeping reforms to meet International Monetary Fund conditions for the next instalment of its $5.5 billion loan, including a public survey to measure corruption in tax administration and a phased reduction of subsidies on electricity, fertiliser, remittances and exports.
Bangladesh’s gross domestic product is projected to surpass the $500 billion mark for the first time in the upcoming fiscal year contingent upon exchange rate stability.
Standoff over Ishraque Hossain’s mayoral post halts civic services in half of Dhaka
The interim government is likely to introduce a transparent system for social safety net schemes in the upcoming budget, increasing the number of beneficiaries by around 10 lakh while slashing one-third of the existing programmes.
“Who will pick up the duck’s photo?” The moment Rafia Sonamoni posed the question to a group of 26 children, four eager hands shot up, accompanied by excited shouts of, “I will!”
The plan comes as $42.85b foreign funds remained unused at start of current FY
The BNP submitted its feedback yesterday. So far, 15 other parties have submitted theirs.
With the unofficial results of the 12th national polls out, the question now is what will the opposition in parliament look like.
As the nation goes to polls today for a third straight time under Sheikh Hasina-led government, the outcome is already a foregone conclusion. The 12th parliamentary election will go down in history as a race between Awami League candidates and Awami League “independents”.
Bangladesh steps into the New Year under the shadow of persistent economic turmoil and political crisis over the January 7 national election.
The political crisis deepens with the Awami League apparently slamming the door on talks and the BNP and its allies pressing ahead with their oust-the-government movement, experts say.
Students are unsure whether their examinations will be held on time amid the political turmoil
Five years ago, the government hurriedly enacted the Road Transport Act following an unprecedented road safety movement by school and college-goers after the deaths of two of students in Dhaka
The government today observed a minute's silence in Dhaka city from 10:00am to 10:01am. The ministry of environment, forests and climate change took the initiative to raise awareness about the harmful effects of noise pollution
The situation wouldn’t have been so dire had the authorities learnt any lessons from past experiences.
Every time there is a major road accident, some issues inevitably come to the fore: either the vehicles involved do not have the required documents or the drivers are without valid licences or both.
It was just another Ramadan evening at the Holey Artisan Bakery on July 1, 2016.
