A top regional official of IFC, a member of the World Bank Group, met the Bangladesh Bank governor saying the institution will ramp up its operations in the country to boost job creation and economic competitiveness. Serge Devieux, IFC Regional Director for South Asia, met central bank governor Dr Atiur Rahman this week to reaffirm IFC’s commitment towards building a momentum for rapid, inclusive, and sustained growth in the country, said a press release. “We’re working towards expanding job-creation opportunities, building critical infrastru...

Country’s exports to key destinations like Germany, the UK and France posted a modest growth in the first 10 months (July-April) of the current fiscal year (2013-14) compared to the same period in the last fiscal (2012-13). During the July-April of fiscal 2013-14, exports to Germany totalled $ 3,912.84 million, which was 15.87 percent of total export earnings for the 10-month period, reports UNB. Of the amount, knitwear accounted for $ 2133.45 million, woven garments $ 1504.93 million and frozen shrimp $ 58.41 million...

Bangladesh's trade deficit narrowed slightly in the first 10 months of the current fiscal year 2013-14 ending in June on the back of an increase in exports, said a central bank official Wednesday. The country's trade deficit in the first 10 months of the current fiscal year 2013-14 (July 2013-June 2014) slid by 0.46 percent to 5.89 billion US dollars compared to a year earlier, said the Bangladesh Bank (BB) official, reports Xinhua. The official, who preferred to be unnamed, told Xinhua that Bangladesh import payment recorded 2...