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Food for Hungry makes lasting impact in Bangladesh

“Give a man a fish, and he’ll eat for a day. Teach him to fish, and he’ll eat for a lifetime.” That’s a philosophy Food for the Hungry follows in their various programs, and so far, they’ve been proven right. In Dhaka, Bangladesh, a community called Dumni has been continuing the work started by FH five years ago, including various savings and care programs. Since 2010, when the community was graduated from the program, locals have been able to sustain and expand each program within the community. food for hungryCurrently there are 43 ...

OECD upgrades BD country rating by one notch

The Organisation for Economic Cooperation and Development (OECD) has upgraded its rating for Bangladesh, in a move that should make it easier for local entrepreneurs and banks to secure credit, the country’s central bank governor said on Sunday. Atiur Rahman said the decision was made at a meeting of the Swiss Export Credit Agency last street-children-300x196week, which he attended. He said the OECD, an international group that promotes policies aimed at improving the economic and social well-bring of people around the world, ha...

Flash floods, deadly landslides leave thousands stranded

Since 24 June, torrential rains in Bangladesh have set off flash floods and landslides in the low-lying areas in the south-eastern districts of Cox’ Bazar, Bandarban and Chittagong. The floods drowned hundreds of villages and killed at least 19 people, stranding over 200,000 according to the situation report published by the government’s Disaster Management Information Centre on June 28. The affected are facing a shortage of food supply, safe drinking water and are at the risk of being affected by water-borne diseases. [caption id="attachment_17633" align="alignleft" width="300"]

Remittance hits record $ 15.31b

In the just concluded fiscal year, migrant workers sent home $15.31 billion in remittance, the highest in the country’s history. The remittance in 2014-15 also rose 7.6 percent from $14.23 billion in the previous fiscal year, according to Bangladesh Bank (BB) statistics released yesterday. [caption id="attachment_4203" align="alignleft" width="300"]The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAARC countries The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAA...

Bangladesh now a lower middle income country

Bangladesh yesterday graduated from the low income status to lower middle income nation (LMIC), meeting the World Bank’s requirements comfortably. This will be seen as a giant leap forward for the country to become a middle income nation after being bracketed as a low income country for decades. The promotion came on the back of the country’s stride towards higher per capita income in recent years, riding on stable economic growth. A playful child on a rickshaw. Dhaka, Bangladesh. May 16, 2007. (photo)The WB used last year’s data to determine this year’s ...

BB issues AML guidelines for NBFIs

Bangladesh Bank (BB) has issued compulsory anti-money laundering (AML) guidelines for non-banking financial institutions (NBFIs) to help combat money laundering and terror financing. Similar to those for commercial banks, the guidelines emphasized that NBFIs should know their clients and keep watch on their financial transactions with a foolproof monitoring system, reports BSS. bb-logoThe central bank in a master circular issued Monday advised the NBFIs to formulate policies and procedures to operationalise and ensure the observance of these guidelin...
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