Dhaka September 20, 2024, 4:34 am
The loans are geared towards promoting energy efficiency, vaccine production, clean water services, and upgrading the Dhaka-Northwest International Road Corridor
The policy rate, which is also known as the repo rate, is the interest rate at which the central bank of a country lends money to commercial banks
Bangladesh and the World Bank have signed five financing agreements to help the country achieve resilient and inclusive growth by improving early childhood development, secondary education, riverbank protection and navigabili
BB Spokesperson Mezbaul Haque said this at a press conference at the central bank headquarters in the city
Underprivileged and extremely poor people receive government allowances through no-frills accounts. This initiative plays a significant role in bringing those people under the formal banking network
The highest volume of such transactions – Tk728 million took place in India
The initiative aims to ensure optimal prenatal nutrition and early childhood care through effective implementation
This change aims to improve the formulation and execution of an effective monetary policy
The president of the World Bank Ajay Banga was speaking at the annual Future Investment Initiative, often referred to as "Davos in the Desert"
After a meeting with a mission of the lender, the Central Bank Executive Director and Spokesperson Mezbaul Haque confirmed the matter
ADB's Country Director Edimon Ginting made the remarks while replying to a question after attending a courtesy call of the Planning Minister MA Mannan held at his office in Dhaka on Wednesday
Now Non Bank Financial Institutions (NBFI) can charge additional .5% interest from customers compared to earlier
Sharifa Khan, Secretary, Economic Relations Division, and Edimon Ginting, ADB Country Director for Bangladesh signed the agreement on behalf of Bangladesh and ADB, respectively.
To open the account, applicants need to provide their birth certificate and the National Identity Card number of their legal guardian
The latest Bangladesh Development Update titled 'New Frontiers in Poverty Reduction' released by the World Bank on Tuesday at its premises in the capital
The disbursed loans at the end of June stood at Tk 15,42,655 crore. Of this, Tk 1,56,039 crore became default
Most of these accounts are from Bkash, Nagad and Rocket, said Deputy Chief Officer of BFIU AFM Shahinul Islam while briefing reporters at the central bank headquarters in the city
The summoned banks belong to the private sector, including a Shariah-based Islami Bank
Abdoulaye Seck, World Bank Country Director for Bangladesh and Bhutan, said that Bangladesh has made remarkable progress in improving healthcare, particularly in rural areas
Digital banks could be pivotal in empowering community-based economies by providing collateral-free loans to small businesses—something that traditional banks often shy away from