Government borrowing from commercial banks has risen by 74% in the current financial year, driven largely by sluggish private sector credit growth and a strategic move to reduce its debt to the central bank under a contractionary monetary policy.
According to data from Bangladesh Bank, the government secured Tk78,832 crore from commercial banks through the issuance of Treasury bills and bonds between July and 20 February, compared to Tk45,231 crore in the same period the previous year. Currently, the government's total outstanding borrowing from commercial banks amounts to Tk3.97 lakh crore.Govt debt strategy reduces central bank borrowing by 40pc
Mark Carney wins to replace Trudeau as Canada PM
Canada's Liberal Party overwhelmingly elected Mark Carney as the country's next prime minister Sunday, as the former central banker warned of "dark days" brought on by the United States under President Donald Trump.
Carney lost no time taking a defiant stance against a US president he accused of "attacking Canadian workers, families, and businesses."
"We cannot let him succeed," added the 59-year-old, who will take over from outgoing Liberal leader, Prime Minister Justin Trudea...
Wyoming: a lesson in ‘all-of-the-above’ energy policy
In late January, a legislative meeting in the US state of Wyoming cut to the core of energy debates. One bill in discussion, entitled ‘Make carbon dioxide great again — no net zero, ’ demonstrates general hostility to the energy transition in a predominantly Republican state that has produced coal, oil and gas for generations. But another bill on the meeting agenda, about advanced nuclear energy manufacturing, envisions a lower carbon future for Wyoming: one that has garnered significant interest from local and foreign companies.
“Wyoming is developing an environment that is very interesting to the nuclear industry, and we’re very excited to consider setting up our manufacturing operation in Wyoming,” Matt Wilson, operations director at California-based nuclear start-up Radiant Indus...
B’desh sees highest child marriage rate in Asia
A new global report, "Girl Goals: What has changed for girls? Adolescent girls’ rights over 30 years," released by UNICEF, UN Women, and Plan International to mark International Women’s Day on Saturday, recognises the benefits to communities that invest in girls, particularly adolescent girls. It emphasizes the benefits extend beyond the individual, to the stability and economic development of their communities and countries. The report highlights improvements in areas such as life expectancy but calls for serious attention to be paid to adolescent girls in Bangladesh, who still grapple with persistent inequalities, violence, child marriage, a lack of education and limited opportunities.
Islami Bank N’ganj Branch holds workshop for RDS officials
Narayanganj Branch of Islami Bank Bangladesh PLC organized a workshop for center leaders and deputy center leaders of Rural Development Scheme (RDS) recently at a local community center in Narayangonj.
Md. Mizanur Rahman Bhuiyan, senior executive vice president & head of Dhaka East Zone, presided...
Md. Omar Faruk Khan, additional managing director of the Bank, addressed the workshop as the chief guest.
Canada to name new leader to deal Trump’s trade war
Canada looks set to pick a measured former central banker to deal with the threats that President Donald Trump's tariffs pose against a pillar of Western free trade.
Mark Carney, 59, could become the next prime minister when the governing Liberal Party of Canada announces a replacement for Justin Trudeau in a leadership vote Sunday.
The opposition Conservatives hoped to make the election about Trudeau, whose popularity declined as food and housing prices ...
