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BB to mobilise $ 7bn for infrastructure

Bangladesh Bank plans to mobilise up to $7.0 billion to develop the country’s infrastructure and boost economic growth, its governor said on Sunday. The bank would help reach that sum by establishing a sovereign wealth fund, issuing bonds and selling dollars from its reserves to designated banks and financial institutions, Governor Atiur Rahman told Reuters. “It is possible to mobilise the fund for development of the infrastructure to accelerate economic growth to 8 percent from the present 6.5 percent, aiming to becoming a middle-bbincome country by 2021,” he...

Govt wants to invest $ 8b in infrastructure

Government wants to invest $8 billion over the next few years in infrastructure to improve the economy and sought help from private sector to share the cost which the government could not bear alone. S A Samad, the executive chairman of the state run Board of Investment (BOI) highlighted the figure while meeting with business leaders from bilateral foreign chambers of commerce in Bangladesh. [caption id="attachment_19869" align="alignright" width="644"]s1.reutersmedia.net Bangladeshi children play on concrete pipes beside a road in Dha...

Entrepreneurs keep economic wheel rolling on: Com Secy

Mr. Hedayetullah Al Mamoon, ndc, Senior Secretary, Ministry of Commerce appreciated the contribution of the entrepreneurs to keep country’s economic wheel rolling on, which he mentioned very important to achieve our national objective of transforming Bangladesh into a developed country by 2041. He said, since its inception IBFB has been playing a vital role in the development of business community and economy of the country. [caption id="attachment_19783" align="alignright" width="540"]ibfb Mr. David Meale, Chargé d'affaires, Dhaka U.S. Embassy addressing the inaugurati...

Bangladesh exports rise 4.7 percent

Bangladesh's income from exports in the first two months of the 2015-16 fiscal grew 4.71 percent to nearly $5.38 billion, an official said on Wednesday. export-importThe south Asian nation earned a total of $5.38 billion from exports during July-August of 2015-16 fiscal compared to $5.14 billion in the same period of the previous year, Xinhua quoted the Export Promotion Bureau (EPB) official as saying. The official said export performance for August was $2.76 billion -- 27.73 percent higher than that in the same month a year ago. Overal...

Tower business should be given to third party: HT Imam

The Political Advisor to Prime Minister Sheikh Hasina HT Imam  today said that he will actively press for policy reformation for the co-location facility of the towers of the mobile operators. "It will free the operators from being bogged down with the construction and maintenance of the mobile towers. Once they are free of those, they can concentrate on their services", said Imam while delivering his speech as the chief guest during the inauguration of International Infrastructure Summit organized by Edotco Bangladesh Ltd at a city hotel. Press Photo 2

IMF plans to empower emerging markets: report

The International Monetary Fund (IMF) is looking at a compromise deal on governance reforms by increasing the quota for emerging economies as an interim measure before a deadline for US action expires, sources quoting key officials at the IMF said. Under the compromise deal, the quotas of emerging economies will increase without any reduction in the US quota as proposed in 2010 and reaffirmed during the 2013 Spring Meeting of the IMF and the World Bank in Washington 0n 18 April 2013. IMFThe plan to double IMF’s resources and boost the voting rights of emergin...
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