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.
The Western-style café in the posh neighbourhood of Gulshan-2 had still a thin crowd after the break of the day's fast. Amid the stillness, guests started arriving at the two-storey eatery, a favourite for expatriates and Bangladeshis alike
Time has stood still for the probe into the murders of journalist couple Sagar Sarowar and Meherun Runi.
On paper, Tk 126,272 crore, the amount earmarked for social safety net programmes, looks to be a hefty sum. But the sum flatters to deceive: as much as 60 percent would be going towards those not in dire need.
In April, the inflation rate in Bangladesh stood at 9.24 percent. And for some, this economic term has become an issue for deliberation in brightly-lit air-conditioned conference rooms.
"On one hand, there was a fear of being the target of machete attacks while there were laws like the ICT Act. We were sandwiched in between. "
The mistakes in textbooks have triggered a barrage of criticism on social media.
Jannatul Afrin’s excitement was palpable as the train was approaching the platform at Uttara North Station at 8 in the morning.
Twelve-year-old Imam Hasan Eyaad was over the moon after taking his first-ever ride in the metro rail this morning.."It's very exciting. (I) can't believe that the journey was so smooth and fast," Eyaad exclaimed after reaching Agargaon station at 10:15am. "It was my first metro trip," he
At precisely 1:38pm came the glorious moment. Prime Minister Sheikh Hasina waved the green flag and the country’s first-ever metro began to roll, marking a major leap in the Bangladesh’s transport sector.
Bangladesh enters a new era in communication today with the launch of its first metro rail, promising fast, reliable, and safe commute in a traffic-choked Dhaka.
