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.
One afternoon in October 2011, Md Shafiqul Islam, then an additional chief engineer at the Roads and Highways Department, was tensely pacing the corridors of the erstwhile communications ministry, contemplating joining the Padma bridge project.
There are some epic moments that make a nation proud.
The need for a bridge over the mighty Padma River may not have been felt so dearly by people other than those who have been born and bred in the southwestern part of Bangladesh.
Finance Minister AHM Mustafa Kamal proposed to withdraw the existing 5 percent supplementary duty on all types of polythene bags, plastic bags (including oven plastic bags) and wrapping materials made of polyethylene.
The need for expanding the coverage of social protection schemes with new approaches has never been felt so badly than now as people are struggling to keep their heads above water amid one crisis on top of another.
Road crashes have become the norm in Bangladesh, claiming lives on a regular basis
What earned the JCD such a thrashing?
It seems the country’s health directorate has finally been jolted out of its stupor. At a meeting last Wednesday, the Directorate General of Health Services (DGHS) came up with the decision of shutting down all unregistered health institutions within 72 hours. The countdown has thus begun.
As his name was called out, Ahad Ali stepped inside the courtroom and stood in the dock with both hands pressed together in a gesture of mercy, staring at the judge with pleading eyes.
Inside the concrete jungle that Dhaka city has turned into, with buildings frequently sprouting up next to each other, the Tentultala playground has been a breathing space for residents of Kalabagan for decades.
