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Economy

$ 500m Green Fund for textile sector

The central bank of Bangladesh announced $500 million of low-cost green fund for the textile sector. The fund’s timing is critical as the global demand for environmental-friendly goods continues to rise. rmg222The World Bank Group is supporting the Partnership for Cleaner Textile (PaCT project) in Bangladesh. IFC is taking a lead role in structuring the green fund. Bangladesh has the world’s second largest textile industry, generating around $24 billion in 2014 and employing 4 million workers, 80 percent of whom are women. Washing, dyeing, ...

BD requires no budget support for next FY: WB

The World Bank (WB) thinks that Bangladesh will not require any budget support for upcoming fiscal year 2015-16. It is, therefore, uncertain whether the government will receive the Bank’s support in Budgetthe next fiscal year’s budget. But the final decision regarding the matter will come at the spring meeting of the World Bank and International Monetary Fund in Washington DC in April. “We had a long meeting with the World Bank officials and discussed about the budget support for the next fiscal year. But at the end of the meeting they (WB ...

Key economic indicators – March 28

DAILY INDICATORS Wednesday Previous Taka/US $ (inter-bank) 77.80-77.80 77.80-77.80 Call money rate (inter-bank) 07.50-08.00 07.50-8.00 Dhaka Stock Exchange index 4,509.30 4,493.40 indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 6.04 6.11 M2 supply (bln taka) (BB) Jan. 7,385.26 7,412.48 Forex reserves ($bln)(BB) Feb. 23.03 22.04 Exports(FOB) ($mln)(BB) Feb. 2,512.42 2,844.13 Imports(FOB) ($mln)(BB) Jan. 3,617.60 3,319.00 --------------------------------------------------------------- ANNU...

Loan to women entrepreneurs mandatory

All commercial banks and non-banking financial institutions (NBFIs) will have to provide minimum Tk 50,000 as loan to at least a woman entrepreneur each year to expedite the ongoing financial inclusion programmes in Bangladesh. “We’ll able to create nearly 10,000 women entrepreneurs every year if the initiative continues,” Bangladesh Bank Governor Dr Rahman said while announcing the unique scheme yesterday afternoon. [caption id="attachment_14355" align="alignleft" width="300"]Bangladesh-bank Bangladesh Bank Governor Dr Atiur Rahman ha...

Key economic indicators – March 26

March 26 DAILY INDICATORS Wednesday Previous Taka/US $ (inter-bank) 77.80-77.80 77.80-77.80 Call money rate (inter-bank) 07.50-08.00 07.50-8.00 Dhaka Stock Exchange index 4,509.30 4,493.40 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 6.04 6.11 M2 supply (bln taka) (BB) Jan. 7,385.26 7,412.48 Forex reserves ($bln)(BB) Feb. 23.03 22.04 Exports(FOB) ($mln)(BB) Feb. 2,512.42 2,844.13 Imports(FOB) ($mln)(BB) Jan. 3,617.60 3...

No hartal: Cox’s Bazar hotel occupancy jumps to 50pc

A good number of people are rushing to beach city Cox’s Bazar and hill station Rangamati to re-energize their minds and souls that had got bored because of a long blockade and hartal programme. The city people want to inhale fresh air, walk freely and without any fear along the beach line or uneven roads of Rangamati during this brief holiday, thanks to a break in general strike programme, being sponsored by BNP-led alliance. cox'a bazarWith Thursday as an Independence Day holiday, holiday-makers got another two-day weekend this time, without an...
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