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.
Fifty years ago when Bangladesh emerged as an independent nation defeating a brutal military campaign by Pakistan, it was a country in ruins.
The entire Lalmonirhat was reeling from shock and horror after a brutal massacre on April 5, 1971.
While the ruling Awami League is grappling with divisions and disputes over the union parishad polls, controversial activities of some leaders have severely embarrassed the party as well as the government.
With Covid-19 pandemic putting an unprecedented impact on the country’s higher education, universities are adopting a blended learning approach, combining online education and traditional face-to-face classroom teaching to bridge the learning gap.
Alamgir Hossain felt persistently exhausted for the past few months as the man in his early forties easily became tired even when doing light work at his grocery shop in Kaliganj upazila of Satkhira.
To Aziz Khan, night time is still the scariest.
The government will spend an estimated Tk 17,000 crore this fiscal year to procure Covid-19 vaccines as it has secured access to around 24 crore doses from multiple sources.
Monir Hossain found himself in a precarious situation as soon as Covid-19 hit the country in March last year. The 70-year-old businessman from Faridpur has been suffering from heart disease for the past five years and as such, regularly visits Dhaka for check-ups.
Abdul Hakim suddenly felt severe chest pain late at night sometime in August last year.
The rumble of truck engines of the 2nd Field Regiment disturbed the evening quietness at Dhaka cantonment. Loaded with 105mm cannons, the heavy-duty trucks began heading from the southern end of the cantonment to the under-construction airport on the capital’s edge.
