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Economy

IMF lauds reserve build-up by BB

The International Monetary Fund (IMF) has welcomed the increase in foreign exchange reserves by the Bangladesh Bank (BB). "The accumulation of reserves is considered a central objective of the IMF-supported programme, particularly given that the country continues to face balance of payments pressures," said Thomas Helbling, deputy director of the IMF's Asia and Pacific Department. Responding to a question at a press briefing in Hong Kong on Friday on Asia-Pacific economic developments, he said that the goal ...

13 projects worth Tk1,988cr approved by Ecnec

The Executive Committee of the National Economic Council (ECNEC) today approved a total of 13 projects with an estimated cost of Tk 1,988.09 crore.  The approval came from a meeting of the ECNEC with Chief Adviser and ECNEC Chairperson Professor Dr Muhammad Yunus in the chair at the NEC conference room in the city's Sher-e-Bangla Nagar area. Of the total projects cost, Tk 1,885.07 crore will come from the government's fund, Tk 53.02 crore as project assistance, while the remaining Tk 50 crore will be bo...

BB issues public advisory following media reports

The Bangladesh Bank (BB) has issued a comprehensive public advisory in response to recent reports concerning the intrusion of a huge quantity of counterfeit notes into the country. To this end, the central bank today issued a circular urging the public to exercise greater caution during cash transactions and adhere to guidelines designed to prevent the use of fake currency.
According to the circular, when receiving notes, individuals must properly verify all security characteristics. These features i...

Bangladesh migration snapshot report 2024 published

The 2024 Bangladesh Migration Snapshot, developed by the International Organisation for Migration (IOM), published on Wednesday, presents a comprehensive overview of migration data available from government and UN agencies, as well as development actors in Bangladesh.

Highlights

  • International Migration to Bangladesh
  • International Migration from Bangladesh
  • Return Migration
  • Refugees and Asylum Seekers
  • Disaster-Induced Displacement
  • Internal Migration
  • Remittances

Bangladesh secures less than 5pc of South Asia’s logistics FDI

Bangladesh drew $1.8 billion in greenfield foreign direct investment (FDI) in the logistics sector between 2019 and 2024—representing just 4.9% of South Asia’s total inflows—according to a joint study by the International Finance Corporation (IFC) and GlobalData. The report, released in June and posted on the Bangladesh Investment Development Authority (BIDA) website, highlights the country’s modest performance in attracting logistics-related investments despite its growing trade potential.
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