Dhaka June 20, 2025, 4:39 am
Officials of the Ministry of Finance said the global lender would hold meetings with various government departments during then visit slated to last till November 9
The countries are - the USA, UK, Canada, Singapore, Australia, Malaysia, UAE, Switzerland, Thailand, and Hong Kong (China)
The delegation will visit Bangladesh from October 26 to November 9 for discussions with the authorities on economic and financial sector reforms and policies
The overall generation and supply of electricity is yet to get back to normal since the day of major power disruption due to several reasons, including gas shortage, high prices of imported fuel oil and the still-faulty trans
The new rate of export bills will be effective from Monday, and the rate of remittance collections will be applicable from November 1
Cyclone Sitrang, production of Aman and Rabi crops, fertilizer stocks and other recent issues came up for discussion during the meeting
$1bn work orders cancelled for productivity loss. Mills get gas supply for 12hrs a day. Around 1,000 textile mills at risk of closure
Bangladesh will also highlight the importance of “enhanced funds” for climate change mitigation and adaptation at the conference that will take place from November 6 to 18 in Sharm el-Sheikh, Egypt
High import payments coupled with low remittance and export earnings triggered the dollar crisis
The diversification will also require pursuing concrete sectoral opportunities for products that offer high potential in the global market
The Dhaka-based think tank said in the wake of a looming food crisis and higher prices of fuel and high inflation Bangladesh needs to be extra cautious in seeking foreign funding
Now the tax authority moves to nose out tax-dodgers through crosschecking power-and gas-usage data of individuals and companies by partnering distributors of the two key utilities-after shelving invasive scrutiny of corporate
After allowing a floating exchange rate of the greenback, the central bank is currently providing USD support to banks just to cover government import payments
Bangladesh is expected to overtake the UK and Germany and thus become the world's ninth-largest consumer market globally by 2030
The information over the IMF delegation’s visit surfaced amid the ongoing annual meetings of the World Bank and the IMF in Washington
The minister sought immediate investment in setting up of cold storages, post-harvest management, processing and marketing of potatoes, onions, mangoes and tomatoes
Financial sector insiders believe that expatriate workers prefers Hundi for inward remittance as the exchange rate of the US dollar is Tk 8 to 14 higher in the kerb market
Reinterring his call to people to be more patient and try to check any misuse of power in their consumptions, he said developed nations like Britain and Germany are now experiencing 4-5 hours of load shedding
Repeated economic shocks due to the coronavirus pandemic, Russia-Ukraine war and sanctions imposed on Russia by the West pose risks of a worldwide recession in 2023
The current crisis was down to a “confluence of competing crises”, caused by climate shocks, conflict and economic instability
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