Rejaul Karim Byron

In a move unseen in recent years, the government is going to cut the size of the fund meant for its own use while revising the annual development programme (ADP) for the current fiscal year.

The Bangladesh Bureau of Statistics (BBS) has missed its December deadline to publish a quarterly gross domestic product (GDP) report, under a move to provide a timely status of the health of the economy.

The private sector’s short-term foreign debt fell 1.43 percent to $11.79 billion in December from a month ago as taking loans from the domestic source has turned out to be more attractive than borrowing from abroad, Bangladesh Bank figures showed

The prospect of having another major metro rail route in Dhaka looks bright as financing for the construction of the southern route of Mass Rapid Transit Line-5 has been confirmed.

The International Monetary Fund (IMF) said that the latest monetary policy adopted by the Bangladesh Bank would help to curb inflation, but added that further measures would be needed to make it durable.

The number of unemployed people in the country increased by about 40,000 year-on-year in the fourth quarter of 2023 to 23.5 lakh as women stepped back from gainful employment.

The government has made lesser allocations for the education and health sectors than what is projected in the 8th five-year plan, raising questions about its commitment to these critical areas.

A planning commission meeting chaired by Prime Minister Sheikh Hasina yesterday after eight years took three vital decisions to ensure timely completion of projects and avoid cost overruns.

For the first time in eight years, a high-powered committee will hold a meeting tomorrow with Prime Minister Sheikh Hasina to find ways to reduce waste in government projects.

Bangladesh has met all but one quantitative target set for December 2023 by the International Monetary Fund to qualify for the third instalment of the $4.7 billion loan.

The government’s foreign debt repayment is expected to increase as much as 63 percent by fiscal year 2025-2026 from the last financial year, indicating renewed pressure on the country’s coffers

Bangladesh is poised to become one of the fastest growing economies in Asia, according to a WB report

Unused foreign loans keep piling up as the government is not properly implementing these funds for available projects

The government is going to begin clearing arrears to fertiliser importers and independent power producers (IPPs) from today by issuing special bonds with a maximum interest rate of 7.5 percent.

The Finance Division is set to issue special bonds of about Tk 26,000 crore to clear mounting arrears to independent power producers and fertiliser suppliers.

The government saw a budget surplus of Tk 11,865 crore in the first quarter of the current FY due to lower spending

The government’s spending on interest payments against the mounting foreign debt surged 136.70 percent year-on-year to $562 million in the first five months of the current fiscal year as disbursements surged in recent years.

As much as 40 percent of the country’s total income is concentrated within the top 10 percent of the wealthy, up about three percentage points since 2016, found a recent government survey.

Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).

The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)