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IMF team to visit Dhaka on Wednesday

An International Monetary Fund mission is set to arrive in Dhaka on Wednesday to evaluate whether the government has fulfilled the conditions of released fifth installment of the Extended Credit Facility (ECF) programme. The team will stay till 10th March and hold meetings with different authorities of the government. IMFThey will discuss implementation of new VAT law, which was supposed to be effective from July this year under a major condition. The release of final two installments depend on the meeting of the conditions set with the release of...

More incentive for PPP projects

Apparently desperate to make its plan to implement mega projects under public-private financing successful for fastening development process, the government is going to offer a number of new incentives to attract more investment in Public Private Partnership (PPP) projects. govtFollowing repeated failure in bringing a breakthrough in the development process, the government now has taken a fresh move to make its earlier planned PPP concept popular and attractive to prospective investors, both at home and abroad. Around Tk 4,000 crore of PPP fund fo...

WB South Asia vice president in Dhaka

wbThe World Bank's vice president for the South Asia region, Annette Dixon, arrived in Dhaka on Saturday on a five-day visit to Bangladesh. This is Dixon’s first visit to Bangladesh since she assumed her position on 15 December 2014. During her visit, the WB executive is expected to discuss ways and means on how to support the country's next stage of development, building on the longstanding partnership between Bangladesh and the WB group. “I will be meeting with a broad range of our partners in government, the private sector, civil society, and inte...

EU keen to finance developing skill of migrant workers

The European Union is keen to finance the government projects to be taken for the skill development of the outbound migrant workers. euEU’s keenness was conveyed by its ambassador to Bangladesh Pierre Mayaudon in a meeting with expatriates welfare and overseas employment minister Khandker Mosharraf Hossain at Prabasi Kalyan Bhaban on Sunday. After the meeting, Mosharraf told reporters that the EU expressed their keenness to provide financial supports to run the programmes to enhance working skill of the workers. Apart from existing 70 technical training centr...

Call money market: A safe-haven for NBFIs

Last week, the call money rate touched its lowest level at 5.00 per cent and traded between 5.50 per cent and 9.00 per cent in most deals. But the rate for non-bank financial institutions was higher between 8.62 per cent and 9.00 per cent. Normally banks charge higher rates on non-bank financial institutions for call money in comparison to their lending the call money to other banks. call money"Call money market has become a good place for NBFIs as the rate remains very low compared to lending rates of NBFIs since long", said a central bank official...

Mamata proposes joint business TV channel

Paschimbanga Chief Minister Mamata Banerjee on Saturday proposed opening a joint business television channel to promote trade and business between Bangladesh and India. “You can open a business channel jointly. We’ll welcome it,” she told a special business session at Sonargaon Hotel in the city. MamataShe also claimed that there is no commercial barrier to operation of Bangladeshi TV channels in India. Mamata said ATN Bangla and Boishakhi TV channels are seen in India. Commerce Minister Tofail Ahmed, Indian High Commissioner in Dhaka Pan...
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