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
Tag: Global crisis
EVM procurement project suspended: EC
The government has decided not to proceed with electronic voting machines (EVMs) procurement project for now but it has not been cancelled, said Election Commission (EC) Secretary Md. Jahangir Alam on Monday. "The Planning Commission has decided to suspend the processing of the project considering the government's financial capacity amid
Country earns $27.22b from exports in six months
Bangladesh exported goods worth $27.22 billion in the first six months till December of the current fiscal year 2022-23 amid a growing crisis of foreign exchange, according to an official report. The country received $10.37 billion from exports only in the last two months (November and December), which is the highest
Needed global financial reforms foregone yet again
Calls for more government regulation and intervention are common during crises. But once the crises subside, pressures to reform quickly evaporate and the government is told to withdraw. New financial fads and opportunities are then touted, instead of long needed reforms. Global financial crisis The 2007-2009 global financial crisis (GFC) began in
Currency depreciations deepen global food, energy crisis: WB
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, the World Bank said in its latest report. Released Thursday, the 'Commodity Markets Outlook' report says that the
PM urges all to be economical in electricity use
Prime Minister Sheikh Hasina Wednesday said the countrymen will get electricity as her government would continue the power supply despite being compelled to show austerity in energy sector due to the global crisis for Russia-Ukraine war and Covid-19 pandemic. "We have to be economical due to the war, sanctions and Coronavirus
BNP making falsehood capitalizing on global crisis: Quader
Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader Tuesday said BNP is now making falsehood capitalizing on the global fuel, power and economic crisis aiming to gain political interest. Referring to the existing global crisis resulting from the ongoing Russia-Ukraine war, he said adding "The crisis is
RMG exports, remittances grow amid global crisis
Bangladesh is performing well in three important indicators of the economy amidst the global financial crisis. The latest data of different economic indicators show that despite the global crisis, Bangladesh is turning around in export of garment items. In the first five months of this calendar year, Bangladesh's garment exports to the
PM tries hard to overcome impacts of current global crisis: Quader
Awami League General Secretary Obaidul Quader today said that Prime Minister Sheikh Hasina is working relentlessly to overcome the negative impacts of the current situation created due to the price hike of several items, including fuel, across the globe. "Today, the people of Bangladesh are facing hardship due to the negative