Reluctance to disclose the names of the defaulters
In the latest data released by Bangladesh Bank, the magnitude of defaulted loans within the banking sector has reached an unprecedented high, standing at Tk 1,82,295 crores as of the end of March 2024. This marks a significant increase from Tk 1,45,633 crores recorded just three months earlier. The
Bangladesh to Receive Third IMF Loan Installment
The International Monetary Fund (IMF) Executive Council is set to meet on Monday to discuss the proposal to waive the third tranche of debt for Bangladesh. The proposal, if approved, will provide significant financial relief to Bangladesh, potentially boosting the country’s foreign exchange reserves and alleviating some of the current economic pressures. Background An IMF mission visited Bangladesh from April 24 to May 8 to evaluate the progress of economic reforms and the implementation of conditions attached to the waiver of loan installments. The mission met with various government
Eid Economy Surpasses One Lakh Crore Taka
The economic impact of Eid al-Adha, also known as Qurbani Eid, in Bangladesh has reached unprecedented heights, with analysts estimating the total economic activity exceeding one lakh crore taka. This surge is primarily driven by the intricate dynamics of the sacrificial animal market, remittance inflows, and various ancillary sectors that benefit during this festive period. The Heartbeat of the Rural Economy Eid al-Adha plays a pivotal role in invigorating the rural economy of Bangladesh. The festival not only symbolizes religious devotion but also serves as a crucial economic engine for
