Foreign debt servicing surges 25.73% in FY24
Total foreign debt servicing, including repayment of the principal amount as well as interest, rose to $3.35 billion in financial year 2023-24 from $2.67 billion in 2022-23.
28 July 2024, 14:10 PM
Govt may miss IMF’s revenue collection target
Bangladesh is unlikely to fulfil the revenue collection target set by the International Monetary Fund (IMF) as part of its conditions for the fourth tranche of a $4.7 billion loan programme.
27 July 2024, 18:00 PM
BTCL recorded Tk 316cr unrealised dues as ‘current asset’: CAG
Bangladesh Telecommunications Company Limited (BTCL) has failed to realise dues worth around Tk 316 crore from different companies and falsely recorded it as “current asset” in its financial statement.
16 July 2024, 18:00 PM
BB to keep policy rates high to curb inflation
Bangladesh Bank is going to unveil the monetary policy for the first half of fiscal year 2024-25 tomorrow and is expected to retain its tight monetary stance as its foremost target is to bring down the spiralling inflation.
16 July 2024, 18:00 PM
Govt borrowing through bonds, bills rises fivefold
The government’s borrowing through the sales of treasury bonds and bills jumped fivefold in the last fiscal year, which raised its debt servicing cost compared to the level projected initially.
16 July 2024, 18:00 PM
Tools where pension funds can be invested
The government has published rules stating where and how pension funds will be invested so that the National Pension Authority (NPA) can produce better returns at lower risks, a move that will ease its repayment burden.
14 July 2024, 18:00 PM
Govt to form autonomous body for debt management
The unit will work under the Finance Division
14 July 2024, 02:15 AM
New rules in the making to give more autonomy to Bangladesh Bank
The government is going to amend the Bangladesh Bank Order, 1972 to align it with global best practices and give the central bank more autonomy so that it can initiate steps to help the economy deal with pressure.
10 July 2024, 18:00 PM
BB finds six types of wrongdoing in export data
The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.
5 July 2024, 18:00 PM
Finance division reveals austerity measures for FY25
For the sixth consecutive year, the finance division has imposed several restrictions on allocated budget expenditures, including foreign tours and block allocation, as a part of austerity measures amidst the ongoing economic crisis.
4 July 2024, 18:00 PM
PM’s visit to China: Dhaka to seek $20b fresh loans from Beijing
Bangladesh will seek fresh loans amounting to $20 billion during Prime Minister Sheikh Hasina’s upcoming visit to China, which Beijing hopes would be a “game changer” in the bilateral relationship.
3 July 2024, 18:00 PM
Bangladesh eyes longer-term loans at fixed rates to manage debt better
The government aims to borrow more from the domestic sector at fixed rates and for longer periods and cut reliance on Treasury bills with a view to keeping debt risks lower and avoiding exchange rate volatility.
2 July 2024, 18:00 PM
Dhaka looks to Beijing for fresh loans
Talks on Chinese loan proposals will be at the fore during Prime Minister Sheikh Hasina’s upcoming visit to Beijing.
30 June 2024, 18:00 PM
Record budget support helps govt meet IMF’s reserve condition for first time
Bangladesh is going to fulfil the International Monetary Fund’s condition on foreign exchange reserves in June on the back of record budget assistance from global creditors, the first time since the IMF approved its $4.7 billion loan programme more than a year ago.
29 June 2024, 18:00 PM
IMF suggests raising repo rate by 50 basis points by Dec
The International Monetary Fund (IMF) has suggested the central bank raise the policy rate by 50 basis points by December this year since its monetary tightening is yet to rein in inflation.
27 June 2024, 18:00 PM
IMF charts path out of farm subsidy
The International Monetary Fund has suggested an alternative to reducing agricultural subsidies -- raising fertiliser prices and providing cash or vouchers for certain farm inputs to support poor farmers.
27 June 2024, 18:00 PM
Foreign debt costs to spiral
Bangladesh’s interest payments on external borrowing are projected to soar by 65 percent within three years due to rising global interest rates and an expanded foreign loan portfolio, which will put further pressure on the dwindling foreign currency reserves.
26 June 2024, 18:00 PM
IMF flags nine risks for Bangladesh
The International Monetary Fund (IMF) has suggested greater exchange rate flexibility to preserve reserve adequacy, warning failure to do so may create further imbalances in the currency market.
26 June 2024, 18:00 PM
Govt commits improving on 50 issues to IMF
The government gave its commitment to the International Monetary Fund regarding around 50 issues to restore macroeconomic stability and good governance in the financial sector.
25 June 2024, 18:00 PM
IMF sets 33 conditions for next two loan instalments
Bangladesh will have to comply with 33 new conditions by June next year in order to receive the next two instalments under the International Monetary Fund’s $4.7 billion loan programme.
25 June 2024, 18:00 PM