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.
Over the last couple of weeks, Abdus Sobhan, a day labourer in the capital, saw his earnings drop to almost nothing.
The government is going to provide another round of cash assistance to nearly 35 lakh poor families facing income losses and hardship amid the ongoing nationwide lockdown.
The government’s decision to increase ICU beds in 10 public hospitals in Dhaka to treat a rising number of critical Covid-19 patients is certainly a step towards the right direction.
The ongoing restrictions to curb the Covid-19 surge across the country are showing signs of failure everywhere.
In the first week of last month when the country started seeing a resurgence of Covid-19 infections, healthcare experts sounded alarm, urging the government to take immediate measures to rein in the surge before it goes out of control.
An intense and sustained vaccination campaign can play a pivotal role in Bangladesh’s future economic benefits up to more than 10 percent of its current GDP, according to a new report of the World Bank.
The record of daily cases of Covid-19 got shattered yesterday and deaths from the deadly virus have been climbing every day. Hospitalisation is soaring as well. But the situation on the streets hardly gives any indication of how dangerous things have become.
Rabindra Mohan Das spent the entire evening yesterday watching live on television the programmes celebrating 50 years of the country’s independence.
It was a spring evening on March 17, 1920. In the stillness of the evening that enveloped the sleepy village of Tungipara in Gopalganj subdivision, a baby boy was born, illuminating the humble family of Sheikh Lutfar Rahman and Sheikh Sayera Khatun.
In a first-ever move, the government is going to use €524.56 million from the ballooning foreign exchange reserves for a development project.
