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Little see-saw witnessed

USD/BDT showed little volatility last week as the market experienced some more import payments. The foreign exchange reserve of Bangladesh crossed USD 23 billion-mark again in last week. call moneyThe average daily inter-bank USDBDT transaction volume was about USD 37.91 million against USD 43.09 million of the preceding week. Most of the banks kept their published foreign exchange rates unchanged throughout the week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.90-78.50, while USD Buying rates fro...

Kuwait, Bangladesh sign cooperation agreement

The Kuwait House for National Works on Thursday signed a cooperation agreement with Bangladesh to exchange expertise with Bengali armed forces and to establish a pavilion about Kuwait’s history and culture in Bangladesh. Bangladesh-KuwaitKuwait and Bangladesh share a deep relationship over the years, most notably when Bangladesh joined the international coalition in liberating Kuwait in 1991 as well as contributing to removal of mines left behind by the invading Iraqi forces, said Head of Kuwait House for National Works Youse...

Cellphones for women in developing nations aid ascent from poverty

Here is what life is like for a woman with no bank account in a developing country. She keeps her savings hidden — in pots, under mattresses, in fields. She constantly worries about thieves. She may even worry about her husband taking cash she has budgeted for their children’s needs. Sending money to a family member in another village is risky and can take days. Obtaining a loan in an emergency is often impossible. mobile bankiongAn unexpected expense can mean she has to pull a child out of school or sell a cow the family relies on for inco...

Grameen Foundation provides risk management tips

The speed and convenience that make digital services attractive to clients can bring a host of new risks for financial institutions that serve the poor. For customers, digital services offered via third-party agents eliminate the need to carry cash long distances, and give them more visibility into their accounts through their mobile phones. For mobile moneyfinancial institutions, going digital means more transactions at a much faster rate with much less direct contact with clients. This can create risks in three key areas:

The trials of Asian democracy

These are times of trial – literally in the courts – for a growing number of Asia’s democracies. The list of major national political leaders in the region who have faced, or are about to face, criminal charges has grown soextensive that it is plausible to wonder whether democracy itself can survive in a number of these countries.Perhaps the gravest allegations have been leveled at Bangladesh’s opposition politics BDleader Khaleda Zia, who has been charged with murder in a case going back many years. India’s former prime minister, Manmohan Singh, who...

Is EU gender practice minding the GAP?

It’s one of the most commonly accepted facts within the global development community: Equality between women and men, and girls and boys, is crucial to achieving sustainable development and meeting internationally agreed goals. [caption id="attachment_14612" align="alignleft" width="300"]leather workers Trainee leather workers at the Apex Factory in Bangladesh, where the EU-funded Technical and Vocational Education and Training Reform project helps reduce poverty by providing training to women and other beneficiaries. Will the EU become a...
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