Amid the ongoing corona pandemic, lawmakers in the Jatiya Sangsad Sunday said Bangladesh has been able to keep its economy upward and now the country remains 41st position economically across the world. “Bangladesh now becomes an ‘emerging tiger’ across the world under the leadership of Prime Minister Sheikh Hasina while the
Tag: Economy
UN projects growth for Bangladesh’s economy amid worldwide decline
Bangladesh’s economy to grow by 6.4pc in FY 21-22: WB
The Bangladesh economy is expected to grow by 6.4 percent in the current 2021-22 fiscal year while 6.9 percent in the 2022-23 fiscal, the World Bank projected. The World Bank made the projection in its 'Global Economic Prospects' report. As per the World Bank estimate, the GDP growth was 5 percent in
IMF raises growth projection to 6.6pc
The International Monetary Fund (IMF) has enhanced the economic growth projection for Bangladesh to 6.6 percent in the current fiscal year (FY22) from its earlier projection of 6.5 percent made in October. "Growth is expected to pick up to 6.6 percent in FY22 as the impact of Covid-19 abates and policies
$49.65b siphoned off from Bangladesh in 6 years
Over US$49.65 billion has gone out of Bangladesh through trade-based illicit financial flows (IFFs) only in six years, according to an international watchdog's findings on the money laundering between 2009 and 2015. The Global Financial Integrity (GFI) in its latest report, published on December 16, calculates the country figure from the
Remittance slides to 18-month low
The flow of remittance to Bangladesh fell sharply in November as the country's expatriates continue to prefer informal channels for sending their money. Expatriate Bangladeshis sent $1.55 billion in November, down 5.48 per cent from a month earlier and 25 per cent year-on-year, according to data from Bangladesh Bank. This was the
Foreign firms show interest to invest $1.16b
Foreign companies that took part in the Bangladesh Trade and Investment Summit 2021 have shown interest to invest $1.16 billion in the country. "We received expressions of interest for foreign investment, particularly in the infrastructure sector, which we will forward to the commerce ministry," said Rizwan Rahman, president of the Dhaka
IMF wants Bangladesh to continue reforms
The International Monetary Fund (IMF) has emphasised continuing reforms to make Bangladesh's economy more resilient and resuming progress towards the authorities' ambition of reaching upper middle-income status. "In the past decade, Bangladesh achieved impressive economic growth and social development, making steady progress in reducing poverty and across many indicators of the
When Pakistan praises Bangladesh
Bangladesh got its great independence from Pakistan in 1971 through a bloody hardcore struggle. Pakistan had been exploiting Bangladesh systematically. Pakistan’s economy was built on the money of Bangladesh. However, the country under the charismatic leadership of its great founding father Bangabandhu Sheikh Mujibur Rahman got its ultimate identity. Bangladesh inherited
BB allows receiving remittances through OPGSPs
Bangladesh Bank (BB) has allowed receiving inward remittances through online payment gateway service providers (OPGSPs). The foreign exchange policy department of the central bank on Monday issued a circular approving the authorized dealers (ADs) banks to repatriate remittances through OPGSPs. The circular states that ADs are required to enter into an arrangement