In an effort to revitalize rural economies and generate employment, the Interim Government has initiated new development projects aimed at injecting fresh capital into rural areas. At the same time, it plans to amend and refine ongoing projects that were initiated by the previous Awami League government. The move comes as
Author: Fahad Ferdous, UNB
Economy faces challenge as investment halts
The economy of the country is experiencing a challenging period, with public and private investments coming to a near standstill over the past few months. Private sector investment has hit a low, as many industrial and bank owners are not present in their respective areas. Consequently, the resumption of activities in
How Thakugaon is becoming hub of dev
Thakurgaon, the northernmost district of the country, has long been known for its dependence on agriculture and some agro-based products with few industries. That has changed now. In the past 14 and a half years of the Awami League rule the otherwise backward region has witnessed radical changes in development, infrastructure, education,
Govt plans reforms to bolster macroeconomic stability
The government has undertaken a series of medium-term (2025-26) reforms aimed at bolstering macroeconomic stability and promoting long-term growth apart from immediate policy responses due to the global and national economic contexts. The main objectives of these reforms include enhancing revenue generation, reducing the borrowing costs of the public sector, curbing
PM arrives in London to attend coronation of Charles III
Bangladesh, WB sign US$ 2.25 b loan deal
World Bank will provide USD 2.25 billion as loan to Bangladesh to develop various sectors, including regional trade and connectivity, disaster preparedness and environmental management. A loan agreement was signed on Monday between Bangladesh and the World Bank for implementing five projects. Prime Minister Sheikh Hasina and World Bank President David Malpass
Dhaka, Tokyo elevate relations to strategic ties: PM
Prime Minister Sheikh Hasina on Wednesday said Bangladesh and Japan have successfully elevated the bilateral relations to a “Strategic Partnership” from the existing “Comprehensive Partnership”. “We are happy that Bangladesh and Japan have successfully elevated the bilateral relations to a ‘Strategic Partnership’ from the existing ‘Comprehensive Partnership’,” she said. The prime minister
Govt aims to raise money supply in next two fiscals
Govt aims to reduce budget deficit to 5pc by FY25
The government is projecting to rein in the budget deficit back within 5 percent of GDP by the 2024-25 fiscal from the current 5.5 percent.The budget deficit for the 2023-24 fiscal has been projected at 5.1 percent, according to an official budget document.The revised deficit in fiscal 2021-22 was 5.1
Govt struggles to raise tax-GDP ratio
The government has projected to improve the ratio of revenue to GDP to 10.6 percent in the mid-term (by 2024-25 fiscal), even though the revenue sectors are suffering a lot due to the COVID-19 pandemic and Russia-Ukraine War.The ratio of revenue to GDP expresses total government revenue as a percentage