Hafizur Rahman Khan, President of International Business Forum of Bangladesh (IBFB), in a press release, said IBFB is very much concerned over huge amount of unutilized funds of foreign aids that has been remaining in the pipeline for a few years.
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IBFB President[/caption]
As recently reported by a renowned national newspaper, an amount of USD 19 Billion equivalent to BDT 1 Lac 48 Thousand 200 Crore, maximum of which is for vario...
The Institute of Chartered Accountants of Bangladesh (ICAB), the sole professional body responsible for regulating the accountancy profession in Bangladesh, and the Confederation of Asian and Pacific Accountants (CAPA), representing the regional accountancy profession, of which ICAB is a member, jointly organised a daylong, high profile Roundtable on “Attracting & Retaining Finance Personnel in the Bangladesh Public Sector” in Sonargaon Hotel, Dhaka, on Thursday.
Tofail Ahmed, MP, Minister, Ministry of Commerce, GoB, graced the occasion as the Chief Guest of the Roundtable Inauguration.
The Roundtable was participated by a wide range of stakeholders, including the Government parliamentarian and public sector officials, regulatory agencies, civil socie...
The Executive Board of the International Monetary Fund (IMF) concluded the 2015 Article IV consultation with Bangladesh on January 20, 2016.
Despite global headwinds and episodes of domestic unrest, Bangladesh has had a strong macroeconomic performance in the two years since the last Article IV consultation, supported by prudent policies under the recently-completed Extended Credit Facility (ECF) arrangement with the IMF.
Real GDP growth has remained above 6 percent, a notable performance in the current global
context. Headline ...
The Bangladesh economy will grow by 6.3 percent in the current financial year to end-June, the International Monetary Fund said on Monday, lower than the government target of 7 percent.
IMF said Bangladesh’s growth is projected to accelerate gradually to 7 percent over the medium term, as public investment is further ramped up and constraints on investment ease,
with private investment also supporting a recovery in private-sector credit.
“Provided calm prevails, prudent policies remain in place, and ...
Bangladesh's foreign exchange reserves edged down to nearly $27.14 billion by January-end from a record high of $27.49 billion in the previous month, but were up 23 percent from a year earlier, the central bank said on Monday.
A senior central bank official attributed the drop in January to a rise in imports; the reserves
are enough to cover more than seven months of imports.
Garment exports and remittances from Bangladeshis working overseas - two mainstay revenue generators - have helped foreign exchange reserves grow s...
Investors looking for alternatives amid the global slump would do well to check out Bangladesh.
Exports rose to a record last month even as other regional economies reported continued declines, and economists say shipments will increase as Americans rush to buy cheap clothes. Bangladesh’s central bank forecasts inflation will slow and the World Bank predicts growth will accelerate to 6.7 percent this year, making it one of the world’s fastest-growing economies.
“Over the medium-to-long term, we are bullish on the growth prospects of Bangladesh’s industrial and export sectors,” Raphael Mok, Asia analyst at Fitch unit BMI Research, said by e-mail. “The country boasts a large and youthful population, as well as relatively low labor costs.”
