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 will need an estimated $3.7 billion to inoculate 80 percent of the population against Covid in one and a half to two years and achieve herd immunity.
The SSC examinations will be held in November and the HSC tests in December if the Covid situation improves, the government announced yesterday allaying to some extent worries of around 36 lakh students as well as their guardians.
“Get us out of here. Please help!” These were the last words Liton heard from his sister-in-law Jahanara Begum when he called her on Thursday evening.
“Hate cannot drive out hate, only love can do that,” said iconic American civil rights activist Martin Luther King Jr.
With the evening sun going down and the sky turning a dusty pink, a quietness descended at the Holey Artisan Bakery on July 1, 2016, towards the end of Ramadan that year.
In circuses, whenever artists perform the tightrope walking stunt, underneath them are wide nets to prevent them from falling to the ground and avoiding potentially life-threatening injuries -- lest they lose their balance on the thin rope and falls over.
The government has created two separate funds worth a combined Tk 12,300 crore under its massive social safety net programmes in the next fiscal year for targeted populations and low-paid informal sector workers.
The allotment for other social protection programmes may go up to Tk 65,000 crore, up 41.47 percent year on year.
The government could not spend two-thirds of its around Tk 25,000 crore cash-food support packages for the poor and vulnerable, frontline health workers and low-income farmers in the last year after its announcement.
Keeping in mind the possible impacts of the second Covid-19 wave, the government is going to attach top priority to vaccination, economic recovery, and life and livelihood of the poor in the upcoming national budget.
