Finance Minister AHM Mustafa Kamal on Sunday sought extensive concessional loan from the World Bank to help Bangladesh weather the economic shocks caused by Russia-Ukraine war and the Covid-19 pandemic.Kamal sought the assistance from the International Development Association (IDA), the soft-lending widow of the bank, during a meeting with the
Tag: Loan
Poor use of credit guarantee scheme irks BB: Less than 10pc of Tk 2000cr used
Bangladesh Bank's deputy governor Abu Farah Md. Nasser has said despite having a credit guarantee scheme of Tk 2000 crore for cottage, micro, small, and medium enterprises (CMSME), loans of only Tk 192 crore has been disbursed so far under the facility, which he said was "disappointing". He said proper
Country will take IMF loan without hard conditions: Quader
Road Transport and Bridges Minister Obaidul Quader said on Wednesday that the government will take loans from the International Monetary Fund (IMF), but will not accept any hard conditions."Global crises are affecting our national life. Pressure has been created on our reserves, prices of goods are soaring. Besides, we're also
IMF agrees to give $ 4.5b loan to Bangladesh
The visiting IMF delegation and the Bangladesh authorities have reached a staff-level agreement to support Bangladesh's economic policies with a 42-month arrangement of about US$ 3.2 billion under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) as well as of about US$1.3 billion under the Resilience and
BII to give $50m climate loan to Pubali Bank
British International Investment (BII) has announced a $50 million loan to Pubali Bank Limited, a press release said Saturday. The loan facility will help to increase climate-related lending and boost climate mitigation projects across Bangladesh. This green loan from BII will primarily be used for projects in the renewable energy,
IMF team begins talks with BB on $4.5 loan
Negotiators from the International Monetary Fund, now in Dhaka to discuss a $4.5 billion loan to Bangladesh, sat with Bangladesh Bank officials on the second day of their visit Thursday. The central bank governor Abdur Rouf Talukder opened the talks at 9:30 am at Bangladesh Bhaban. Deputy Governors Kazi Sayedur Rahman
IMF team in Dhaka to negotiate on $4.5b loan
An International Monetary Fund (IMF) team is now in Dhaka to discuss the terms and conditions of a prospective $4.5 billion loan for the Bangladesh government. Officials of the Ministry of Finance said the global lender would hold meetings with various government departments during then visit slated to last till November
IMF’s $4.5b loan unlikely before January
The US$4.5 billion loan Bangladesh is seeking from the International Monetary Fund (IMF) is unlikely to arrive before January next year, according to officials familiar with the negotiations. An IMF team is due to arrive in Dhaka on Wednesday to start formal talks on the terms of the loan Bangladesh
BB cuts lending rate under garment industries dev funds
Bangladesh Bank has cut the interest rate for loans from the special fund for development of garment factories from 7 to 5 percent. Bangladesh Bank is implementing the project titled 'Support for safety reform, remediation and environmental improvement in the garment sector made in Bangladesh' with the support of development agencies
StanChart completes automated loan disbursement programme
Standard Chartered Bangladesh has completed Bangladesh's first automated over-the-weekend loan disbursement under its distributor finance program. The first client to receive the funds from a distributor financing loan on a weekend was Nestle, Bangladesh Limited, said a press release. It has been a long-standing demand from clients to arrange for disbursement of