Dhaka June 27, 2025, 6:53 pm
BB governor expects $1.3b from IMF as well as $2.22b more from WB, ADB, JICA, AIIB and OPEC Fund
The announcement was made by Bangladesh Bank Governor Ahsan H Mansur at a press conference on Wednesday
Pervasive irregularities over the past decade and a half have severely affected these banks—mostly Shariah-based—which are said to have borne the brunt of extensive misappropriation
New ordinance empowers BB for such action to straighten non-compliant lenders
Md Shahriar Kader Siddiky, Secretary, Economic Relations Division (ERD), and Ms Gayle H Martin, Country Director (Interim), World Bank, signed the deal
The assurance came during a bilateral meeting held on the sidelines of the ADB’s 58th Annual Meeting between ADB President Masato Kanda and Bangladesh’s Finance Adviser Dr Salehuddin Ahmed
The funding includes 350 million euro loans, and 45 million euro grants
The bank's Khatunganj Corporate Branch, through a notice in a local newspaper, called on individuals interested in buying these assets to participate in the auction
She said this while briefing reporters at the Foreign Service Academy in the capital
IMF notes improvement in inflation trajectory, but wants to see widespread economic reforms before unlocking two loan tranches
Before this promotion, Md. Rafiqul Islam was the GM of Sonali Bank PLC
Muhammad Nassir Salim, President & CEO of Habib Bank Limited(HBL), will visit Bangladesh from April 15-17
The task of recovery is lengthy and complex
It has also drawn a grim picture for Bangladesh as it says the global economic slowdown sparked by the sweeping US tariff may hit GDP (gross domestic product) expansion
No one will be allowed to flee the country after plundering the people’s money from banks
Reforms in RMG, housing for middle-income families, paints and dyes and digital financial services can help creating millions of job opportunities, WB says
MFS providers may reduce the transaction limits based on the risk assessment of clients
UK MPs push for cybersecurity and foreign interference probes
Members of the financial body unanimously approved her re-election for another term
Under Sheikh Hasina’s political patronage, he established NRB Bank, despite being expelled for life from the British Bangladesh Chamber of Commerce and Industry (BBCCI) in 2015 due to corruption charges
