Finance Minister Abul Hassan Mahmood Ali today said that Bangladesh is gradually overcoming the ongoing challenges and crisis surrounding the country's economy. "Although crisis is there, but we're gradually overcoming those, it won't work that the newly formed cabinet will fix all things the other day after assumption of office. But,
Tag: economic crisis
Continue soft financing until economy turns normal: PM
Prime Minister Sheikh Hasina on Tuesday urged the development partners to continue their financing on soft conditions until the global economy returns to normal situation. "During this critical juncture ( the global crisis), we're noticing with dismay that many development partners are enhancing their interest rates, which makes the development financing
IMF loan can be touchstone of financial sector reforms
The government's successful negotiation of a $4.7 billion, approved at the Executive Council of the International Monetary Fund (IMF), will raise confidence in the macro economy amid a volatile foreign exchange market, analysts said.They said that the IMF loan program can help bring stability to the macroeconomic situation in two
Govt initiated underground train to plunder money: BNP
BNP senior leader Barkatullah Bulu on Friday alleged that the government has begun the work on underground metro rail project amid economic crisis only for plundering public money. "There is a crisis all over the country. Imports are being hampered due to dollar crisis. Amid this crisis, you (Prime Minister)
Doing whatever possible to ease people’s sufferings: PM
Prime Minister Sheikh Hasina on Saturday said the Awami League government will lend all sorts of cooperation to lessen the sufferings of the people due to the economic recession emerging from the coronavirus pandemic and the Ukraine-Russia war. "The Awami League government will do whatever is needed to ease the
Pakistan’s 2022 was a polarised polity amid economic crisis
Raza Rumi Pakistan's permanent crisis has only deepened through 2022. Raza Rumi on what 2023 holds for the nuclear armed crisis state. As the year 2022 ends, Pakistan’s deepening crisis of governance appears to be intractable. For all practical purposes Pakistan has defaulted without a formal announcement. The foreign exchange reserves have
Ensure good governance in banks: Economists say at CPD discussion
Economists, during a discussion today, said the country's banking sector is under threat due to lack of trust and good governance in banks. Influential groups are involved, which is alarming for the economy, they added.They made the observations at a discussion on 'Managing the Economic Crisis', organised by the Centre
Business in tatters due to plundering of money: Fakhrul
BNP Secretary General Mirza Fakhrul Islam Alamgir on Monday said businesspeople are going through a very tough time due to the economic crisis, mainly caused by widespread plundering and siphoning off money abroad."Every big businessman is now saying one thing that they're facing a very bad time and their businesses
Stick to low-cost lending sources: CPD to govt
The Centre for Policy Dialogue (CPD) Thursday advised the government to stick to global lending agencies that offer long-term and low-interest funds to keep the country's economy afloat amid a global economic slowdown. The Dhaka-based think tank said in the wake of a looming food crisis and higher prices of fuel
Take cover, warns IMF, because it’s going to get bad
Another day, another barrage of bleakness at the World Bank-International Monetary Fund annual meetings. Sadly, it’s not unfounded. Economists, central bankers, and government officials paint a grim picture of what’s expected in the coming year. We’re on the ground and will bring you the gory details. Also in today’s edition: Larry