Reserve – The News Times

Govt seeks $500m WB loan to bolster reserves

- Times Report - December 22, 2023

The Bangladesh government has asked the World Bank’s ‘Second Recovery and Resilience Development Policy Credit’ for a $500 million loan to stabilise the economy and strengthen its foreign exchange reserves. The Ministry of Finance recently asked the World Bank for an additional $250 million in budget support for the current fiscal

Banks have enough money, reserve is strong: PM tells Jashore rally

National

- Times Report - November 24, 2022November 25, 2022

Prime Minister Sheikh Hasina on Thursday dismissed the talks that there is no money in the country's banks. "Some people talk about reserve but there is no issue regarding it. Some say there is no money in the banks which is a lie. Even yesterday I had a meeting with

BB tightens belt on forex reserve

- Times Report - July 6, 2022July 7, 2022

The central bank has tightened spending on the foreign exchange reserve to judiciously meet the cost of importing essential commodities and fuel. As part of this move, Bangladesh Bank has imposed restrictions on loans for importing 27 types of goods, reducing import demand which has increased by 44 per cent in