Dhaka April 4, 2025, 10:19 am
The BB governor said this while speaking as the chief guest at a dialogue on "Tipping Points of Reform Agenda for the Turnaround of the Banking Sector of Bangladesh" at the Bangladesh Institute of Bank Management (BIBM) audit
Economist Dr Mustafa K Mujeri, former chief economist of Bangladesh Bank, criticised the approach of injecting printed money into weak banks
He said this at an inter-authority, inter-ministerial coordination meeting on investment facilitation held at the Chief Adviser’s Office
Economic statistics were also manipulated during the 15-year rule
The growth highlights the rising popularity of agent banking as a financing mechanism in rural Bangladesh
Govt may target 6.0pc GDP growth, 6.5pc inflation
The decisions came from the meeting of the ministry's budget management committee held recently
Salehuddin stressed that the upcoming reform strategy should be straightforward, actionable, and tailored to address Bangladesh's unique challenges
Development partners made a commitment of only $254.57 million worth of foreign assistance but disbursed $1.20 billion in loans and grants during the first four months of fiscal year (FY) 2024-25
With no investment in the country’s private sector in the last six months, there is still instability in the financial sector
Bonds would be issued to gradually mop up the lent sum, and check inflation growth
The outcomes of the white paper will also be shared with the media on Monday at a press briefing
But political instability, among other factors, causes revenue shortfall, reduced job opportunities, sluggish investment
Economic Relations Division (ERD) Secretary Md Shahriar Kader Siddiky and German Ambassador Achim Tröster signed the agreement on behalf of the two governments on 28 November
MoU was also signed between the two countries as part of the initial step for signing the EPA on trade and investment and infrastructure development
The tenure of the current fund is set to expire in February next year
The $100 billion annual pledge made over a decade ago to support vulnerable regions remains unmet. This failure has eroded trust between developed and developing nations
To this end, the central bank on Wednesday issued a circular
According to an official document, the collection of the NTR in the 2023-24 fiscal was Tk 49,000 crore while the actual target was Tk 50,000 crore
The regulatory move comes as the banks have faced difficulties in payback to the depositors following reported massive loan-related irregularities during the Sheikh Hasina government
