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.
Bangladesh is all set to step into a new era of commuting with a new mode of public transport that has never been seen before -- the electricity-powered metro rail of Dhaka.
The long-awaited metro rail project is finally becoming a reality as the country’s first overhead electric train will be launched today, bringing with it excitement and also its share of challenges.
After protracted negotiations, the BNP finally got permission for its rally today at a ground which was not its first choice by any means.
Five years ago, in August 2017, the Myanmar military unleashed a brutal offensive against the Rohingya communities across the country’s Rakhine State.
"The only security of all is in a free press," Thomas Jefferson, famous American statesman and the country’s third president once said.
When Covid-19 began to spread at an exponential rate across countries in January 2020, ministers and government officials in Bangladesh assured people that "adequate measures" were taken to prevent coronavirus from entering the country.
“I never imagined that I would have a heart problem.”
Twenty-two years have come and gone since her husband was shot to death, but Selina Akhter Lucky has all but given up hope for justice for the brutal murder.
Although attacks on freethinkers and bloggers, and their murders by suspected Islamic militants have decreased significantly due to multiple anti-militant crackdowns, none of the families of those killed has gotten complete justice yet.
Six minutes was all it took a BRTC bus to cross the 6.15km bridge over the Padma river yesterday.
