Govt may trim budget by Tk 100,000cr
The interim government is planning to revise the national budget for the current fiscal year urgently and cut “wasteful expenditures” in order to alleviate the pressure on the foreign currency reserves and tame persistent inflation.
1d ago
Budget support: Govt hunts for $8b from IMF, other lenders
The government is seeking as much as $8 billion in budget support by December from the development partners, including the International Monetary Fund (IMF), to pay back foreign liabilities and boost foreign exchange reserves.
4d ago
Data anarchy in revenue and expenditure continues
Although the authorities took steps to eliminate mismatches in export data in recent months, discrepancies in the data of revenue collection and expenditure among government agencies continue to persist.
6d ago
Govt to speed up foreign aid utilisation
As foreign aid in the pipeline reached nearly $46 billion at the start of this fiscal year, the interim government will take initiatives to utilise those funds to bolster the country’s foreign currency reserves.
1w ago
Interest payment for foreign loan jumped 162% in Jul-Mar of FY24
Interest payments against foreign loans shot up 162 percent year-on-year in the first nine months of the last fiscal year as debt servicing of loans taken for some mega projects has started.
1w ago
Crisis provides an opening for important reforms
Bangladesh is facing several challenges, including restoring law and order and stabilising the economy in the near term.
1w ago
AL govt leaves behind $156 billion debt
When Sheikh Hasina returned to power in 2008, Bangladesh’s total debt was just $33.66 billion. When she fled amid an unprecedented student-led uprising on August 5, she left behind a burden of $156 billion in local and foreign loans for the country to carry.
1w ago
BB may hike policy rate again to curb inflation
The Bangladesh Bank may increase the policy rate for both local and foreign currencies in a bid to reduce inflation and increase international reserves.
2w ago
September 1, 2024
Govt may trim budget by Tk 100,000cr
The interim government is planning to revise the national budget for the current fiscal year urgently and cut “wasteful expenditures” in order to alleviate the pressure on the foreign currency reserves and tame persistent inflation.
August 29, 2024
Budget support: Govt hunts for $8b from IMF, other lenders
The government is seeking as much as $8 billion in budget support by December from the development partners, including the International Monetary Fund (IMF), to pay back foreign liabilities and boost foreign exchange reserves.
August 27, 2024
Data anarchy in revenue and expenditure continues
Although the authorities took steps to eliminate mismatches in export data in recent months, discrepancies in the data of revenue collection and expenditure among government agencies continue to persist.
August 23, 2024
Govt to speed up foreign aid utilisation
As foreign aid in the pipeline reached nearly $46 billion at the start of this fiscal year, the interim government will take initiatives to utilise those funds to bolster the country’s foreign currency reserves.
August 22, 2024
Interest payment for foreign loan jumped 162% in Jul-Mar of FY24
Interest payments against foreign loans shot up 162 percent year-on-year in the first nine months of the last fiscal year as debt servicing of loans taken for some mega projects has started.
August 22, 2024
Crisis provides an opening for important reforms
Bangladesh is facing several challenges, including restoring law and order and stabilising the economy in the near term.
August 21, 2024
AL govt leaves behind $156 billion debt
When Sheikh Hasina returned to power in 2008, Bangladesh’s total debt was just $33.66 billion. When she fled amid an unprecedented student-led uprising on August 5, she left behind a burden of $156 billion in local and foreign loans for the country to carry.
August 18, 2024
‘Big defaulters won’t be spared’
Finance Adviser Salehuddin Ahmed has vowed to mete out exemplary punishment to big loan defaulters as the interim government scrambles to fix the ailing banking sector of Bangladesh.
August 18, 2024
BB may hike policy rate again to curb inflation
The Bangladesh Bank may increase the policy rate for both local and foreign currencies in a bid to reduce inflation and increase international reserves.
August 13, 2024
Food inflation tops 14pc for first time in 13yrs
Bangladesh’s worsening economic crisis has spun off a price shock with food inflation crossing 14 percent in July for the first time in 13 years.
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