Bangladesh has committed to a sweeping overhaul of its troubled financial sector, outlining a detailed three-year roadmap as part of its latest agreement with the International Monetary Fund.
Bangladesh is currently going through a transition towards a fully flexible exchange rate regime, and the process may take time, said the International Monetary Fund (IMF).
The July uprising of 2024 paved the way for reimagining Bangladesh’s economic future.
The National Board of Revenue (NBR) has set a target to raise Bangladesh’s tax-to-GDP ratio to 10.5 percent by the fiscal year 2034-35, as part of its newly formulated 10-year revenue strategy, according to official documents.
Many participants in the Spring Meetings had a sense that Trump's admin was still conflicted in its demands from trading partners
Worldwide economic output will slow in the months ahead as US President Donald Trump's steep tariffs on virtually all trading partners begin to bite
The time is right for Bangladesh to move towards a more flexible exchange rate regime, said Chris Papageorgiou, mission chief of the International Monetary Fund (IMF) to Bangladesh.
IMF presents target, revises GDP growth to 4%
The International Monetary Fund's move to disburse the fourth and fifth tranches of a $4.7 billion loan together was a mutual decision, the finance ministry said in a press release yesterday.
The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.
Bangladesh is going to be the part of a joint initiative to establish a regional body in South Asia to enhance skills and capacity development of public sector officials and bankers.
The International Monetary Fund (IMF) warns that the global economy faces a growing "risk of economic derailment."
The International Monetary Fund downgrades its forecast for global economic growth, expecting economic activity to increase 3.4% this year followed by 3.6% in 2017.
IMF chief Christine Lagarde is to stand trial in France for alleged negligence over a €400m (£291m; $434m) payment to a businessman in 2008, local media say.
China raised the central rate for its yuan currency by the largest amount in a decade on Monday, officials and reports said.
The 2015 Nobel season wraps up with the announcement of the winner of the economics prize, which could go to research into the job market or consumer behaviour, though no obvious frontrunner stands out.
A senior World Bank official has met Finance Minister AMA Muhith in Peru and discussed a new financing scheme of $1.9 billion.
The International Monetary Fund attacks the bailout deal offered by eurozone leaders to Greece.
Greek MPs are to vote later on whether to back PM Alexis Tsipras's tough new proposals to secure a third bailout.
