IMF board okays $1.152b for Bangladesh Bangladesh now goes to receive US$1.152 billion from the ongoing $4.7- billion IMF loan programme as the Executive Board of the International Monetary Fund approved the third tranche of the loan. Bangladesh Bank Executive Director Md Mezbaul Haque, also spokesman for the central bank,
Read MoreADB to lend $20.8b to Bangladesh in four years The Asian Development Bank (ADB) is expected to provide $20.8 billion in loans to Bangladesh in the next four years as the country looks to accelerate economic growth and attain the upper-middle-income status in less than a decade. The amount is
Read MoreBangladesh forex reserves increases by $318m to reach $19.53b Bangladesh’s foreign exchange reserves rose by US $318 million in the span of a week to hit $19.53 billion on 19 June. Bangladeshi expatriates have sent about $1.65 billion as remittances in the first 14 days of this month ahead of
Read More$1.13b project planned to boost logistics at Bangabandhu Shilpa Nagar The Bangladesh Economic Zones Authority (Beza) is initiating a $1.127 billion project to enhance logistics facilities, including multimodal connectivity, at Bangabandhu Sheikh Mujib Shilpa Nagar, the country’s largest industrial zone in Chattogram. The project aims to transform it into a
Read MoreWorld Bank retains Bangladesh’s growth forecast at 5.7% for FY25 The World Bank has kept its economic growth forecast for Bangladesh unchanged at 5.7 percent for the upcoming fiscal year although the government is shooting for a much higher GDP expansion. The projection from the Washington-based lender comes a couple
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