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IMF sees global growth, deflation risks rising

lnternational Monetary Fund (IMF) chief Christine Lagarde said yesterday that growth in the global economy was picking up, but warned of the “rising risks” of deflation. “Momentum strengthened in the latter half of 2013, and should strengthen further in 2014 -- largely due to improvements in the advanced economies,” Lagarde said in a speech at the National Press Club in Washington. IMFThe IMF managing director, however, declined to put numbers on the growth rate ahead of next week’s update of the Fund’s offici...

Developing economies need robust blueprints to sustain growth

 Five years after the global financial crisis, the world economy is showing signs of bouncing back this year, pulled along by a recovery in high-income economies, says the World Bank’s latest Global Economic Prospects report, issued on Thursday. Developing-country growth is also firming, thanks in part to the recovery in high-income economies as well as moderating, but still strong, growth in China. Growth prospects for 2014 are, however, sensitive to the tapering of monetary stimulus in the United States, which began earlier this month, and to the structural shifts taking place in China’s economy.

Bangladesh key economic indicators – Jan 16

DAILY INDICATORS

Wednesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.25-08.00 05.50-08.00 Dhaka Stock Exchange index 4,494.02 4,454.83 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15 M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,2...

MAN Diesel & Turbo to supply power plant engines to Bangladesh

For the Bangladeshi Maisha Group, MAN Diesel & Turbo is to supply twelve 18V32/40 engines to the Bangladesh capital Dhaka. The engines will be employed in a power plant delivering 108 MW of electricity, which will provide additional peak load power for the metropolis of millions. The plant will produce electricity for the state energy provider Bangladesh Power Development Board for 15 years. Delivery of the engines is scheduled for 2014. mandieselMAN Diesel & Turbo has received another order to supply power plant engines to Africa. Together, t...

Glasgow nurse extends care to Bangladesh with prize-money donation

Christopher Sweeney, a Glasgow nurse has given away cash he'd been awarded for his top grades at Glasgow Caledonian University to help poor people in the Asian nation. The nurse has shown his caring credentials by treating the sick in Bangladesh and donating cash to fund medical staff there. Christopher Sweeney visited the country with a delegation of students from GlasgowCaledonianUniversity last year. Cristopher And he was touched by the humility of people needing health care that many Glasw...

Debate on Bangladesh polls in EU Parliament Thursday

The European Parliament (EP) is scheduled to see a debate on recent Bangladesh elections at its debate chamber in Strasbourg, France on Thursday. The debate will focus on fundamental freedoms, human rights and democracy in general in Bangladesh, according to the EP. The EP included the debate on Bangladesh in its agenda following a request from a number of its members (PPE Group). euThey are Cristian Dan Preda, Bernd Posselt, Filip Kaczmarek, Ivo Belet, Tunne Kelam, Elena Băsescu, Monica Luisa Macovei,...
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