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BD-Switzerland bilateral talks on March 1

The second round of the bilateral political consultation between Bangladesh and Switzerland will be held hon March 1. Switzerland-BangladeshThe talks will mainly focus on reviewing the two country’s current relation status. Additional Secretary (Bilateral) to the Ministry of Foreign Affairs of Bangladesh, Ambassador Mizanur Rahman and Assistant State Secretary of the Federal Department of Foreign Affairs of Switzerland, Ambassador Johannes Matyassy will lead their respective delegations. The two countries wil...

Forex reserves cross $23b

Foreign currency reserves have crossed $23 billion for the first time in the country’s history, on the back of steady export, remittance growth, and lower oil prices. The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAARC countries The reserves stood at $23.03 billion yesterday, according to figures from the central bank. “A stable flow of remittances and export earnings contributed to the record reserves,” said Kazi Saidur Rahman, head of the forex reserve and treasury management department at the central ban...

27 projects get BB CSR fund

The Bangladesh Bank (BB) has significantly expanded its CSR (Corporate Social Responsibility) activities by pledging financial support to 30 projects, reports BSS. The figure is more than double the projects the central bank funded last year. bbThe central bank on Thursday finalised a memorandum of understanding (MoU) with 27 organisations and handed over cheques for the first installment of the fund. Similar deals would be done soon with three more organisations for the remaining three projects. The 30 projects cover the areas including financial inclusion,...

Indian jute industry wants duty on imports from BD

The jute industry has demanded imposition of a countervailing duty on imports of jute goods from Bangladesh. The Indian Jute Mills Association (IJMA) has raised the demand ahead of the Union Budget to counter surging imports from Bangladesh that have grown 35 per cent in the April-December period of this fiscal at the expense of domestic manufacturers. jute goodsOver the same period, the domestic jute bags manufacturers have cut production by more than 25 per cent. “Under the SAARC treaty, there is zero duty on import of jute goods from Banglades...

Out-of-school children: A promise yet to be fulfilled

Today, as the Millennium Development Goals draw to a close and the development community is thinking of new development targets, many children are not learning in school. But, in addition, more than 120 million children and young adolescents still remain out of school. That is almost one in ten children of primary school age, and one in seven children of lower secondary school age. For these children, the right to education remains a distant dream. children out of schoolPerhaps, most alarmingly, data show a steady ...

WB praises Bangladesh progress in reducing poverty

Bangladesh is recognized globally for making remarkable progress in reducing poverty and advancing human development, said Annette Dixon, World Bank vice-president for the South Asia region, Thursday. wb“Other countries can learn from Bangladesh’s rich development experience,” Xinhua news agency quoted Dixon as saying as she concluded her first visit to Bangladesh since assuming her position in December 2014. Dixon has pledged strong support for the people of Bangladesh to achieve the goal of becoming a middle-income country by the end of this decade. ...
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