Bangladesh has received remittances totaling $1.312 billion (Tk 16,009 crore at an exchange rate of Tk 122 per dollar) in the first 15 days of February 2025.
Earlier, in January, expatriate Bangladeshis sent $2.19 billion in remittances. For the last six consecutive months, since August of the current fiscal year, remittance inflows have exceeded $2 billion each month.
According to th...
Professor Muhammad Yunus, Chief Adviser to Bangladesh interim government, engaged in an extensive video discussion on Thursday with Elon Musk, founder of SpaceX and owner of Tesla and X, to explore future collaboration and advance the introduction of the Starlink satellite internet service in Bangladesh. The final gross domestic product (GDP) ...
Elon Musk praises Yunus’ Grameen model
Bangladesh records lowest economic growth in 4yrs
Staff Reporter:
Bangladesh has recorded its lowest economic growth in last four years in past fiscal year of 2023-24 due to contractionary monetary and fiscal policies to tackle the dwindling forex reserves and high inflation, and energy supply disruption.
Country's economy grew by 4.22 percent in the previous fiscal year, falling 1.6 percentage points short of the provisional estimate by the Bangladesh Bureau of Statistics (BBS).
Rate hikes fail to curb rising prices in B’desh
Countries worldwide are grappling with high inflation and low growth, prompting diverse monetary policy responses across regions. Global inflationary pressures are posing significant challenges for economies, as nations struggle to manage rising prices while maintaining economic momentum.
India has experienced relative success in managing inflation, with the Reserve Bank of India (RBI) aiming to keep inflation within the target range of 2-6 per cent amid uncertain global conditions. Despite disruptions to global supply chains and rising agricultural prices, the RBI has implemented necessary interest rate adjustments to curb inflationary pressures.
Banglade...
Almost Tk6,000b needed in deficit financing over next 2 fiscals
The country will need some Tk 5,824 billion as deficit financing in the next two fiscals where the domestic bond market is under focus of development to meet the need.
Of the total amount, some Tk 2785 billion will be needed for the next 2025-26 fiscal while some Tk 3039 billion will be needed for the 2026-27 fiscal, according to an official document of the Finance Ministry.
In the 2024-25 fiscal year, deficit financing is estimated at Tk 2559 billion.
The document said that the Government of Bangladesh remains committed to sustaining a prudent fiscal policy while efficiently financing its development projects.
In the medium term, the government’s approach to deficit financing and debt management aims to secure its financing need...
