BB shuffles tasks for deputy governors The Bangladesh Bank (BB), in a major move, made some changes in the responsibilities of its deputy governors on Tuesday, the BB sources said. As part of the changes, the central bank has given the responsibilities of Foreign Reserve and Treasury Management Department, Department
Read MoreBangladesh secures $4.7b in IMF loans The Executive Board of the International Monetary Fund has approved $4.7 billion in loans for Bangladesh at the request of the government, helping the country build a buffer against depleting forex reserves. Bangladesh secured about $3.3 billion under the Extended Credit Facility (ECF) and
Read MoreBangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset The common fear regarding whether Bangladesh is next in line for an unmanageable economic crisis like its neighbouring peers Sri Lanka and Pakistan has been cautiously busted by the analysts at UCB Asset Management. In its
Read MoreTrade-based money laundering threat to economy Trade-based money laundering (TBML) is a silent killer that is undermining the very foundations of Bangladesh’s economic growth. As an emerging economy and, more so, an expanding trading nation that is going through LDC graduation, Bangladesh is particularly vulnerable to TBML. This illicit activity
Read MoreCall money rate hits 7% for first time in over 6 years Banks hiked interest rates on overnight loans by 25 basis points to a maximum of 7%. The hike was verbally instructed by the central bank, managing directors of several banks told The Business Standard. However, Bangladesh Bank Executive
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