Dhaka May 2, 2024, 11:21 pm
Accelerating the implementation of structural reforms, including trade reforms and export diversification, will help Bangladesh navigate the current challenges and sustain growth momentum
Of the total project cost, Tk 3,645.21 crore will come from the government fund while the rest of Taka 607.45 crore as project assistance
The World Bank stands ready to support Bangladesh with reforms to accelerate growth and strengthen resilience
Around 68 percent of people do not pay income tax even after earning taxable income
Bankers and practitioners also emphasized the role of digital payments in promoting transparency in the financial behavior of everyday people and business communities
This initiative is being taken to overcome the existing dollar crisis
They also lauded the phenomenal role of the government in empowering women
Sheikh Hasina is widely expected to win a fourth straight term in national polls expected by January 2024 — not least because many of her opponents are behind bars or ensnared in legal cases
Guterres also highlighted the need for financial system reforms and urgent climate action
The approval came from a meeting of the ECNEC held with its chairperson and Prime Minister Sheikh Hasina in the chair at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area
The issue was discussed at a meeting on monetary policy held on Sunday at Bangladesh Bank with Governor Abdur Rouf Talukder in the chair
Data from the central bank shows that the dollar reserve at banks increased by $1 billion in just over two months, from $2.05 billion on January 5 to $3.05 billion on March 13
Analysing the data of 13 MFS in the country the BB report said that MFS gets popular in Bangladesh due to convenient transaction opportunities and payment facilities
Investment to the tune of $10 billion has been promised by them to be given through bonds over the next 10 years
This was stated at the 4th session of the Russia-Bangladesh Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation (IGC)
The central bank has introduced the refinance fund for acceleration of green practice and sustainable growth in export oriented and manufacturing industries
Traditional causes like delayed or no fund release, land acquisition complication, delay in floating tenders, tenders not being responsive and non-availability of project loans have been shown as the main reasons for such sit
The prime minister was addressing as the chief guest a programme marking the celebration of the golden jubilee of Bangladesh-Asian Development Bank (ADB) partnership at a city hotel
The ADB President said this as he met Finance Minister AHM Mustafa Kamal at a city hotel today
One of the major challenges will be attracting Foreign Direct investment (FDI) for which it is important to make the processes easier
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