Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary
Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary

The Asian Development Bank (ADB) and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday. He made the disclosure during a press conference at the Ministry of Finance, organised...

Interim govt inherited economic crisis from Awami League: Finance adviser
Interim govt inherited economic crisis from Awami League: Finance adviser

Finance Adviser Dr. Salehuddin Ahmed highlighted widespread irregularities and corruption in sectors ranging from banking to development projects. The interim government has inherited a devastated economic situation from the previous Awami League administration, the finance adviser made the...

No banks to be shut down: Finance Adviser
No banks to be shut down: Finance Adviser

Finance Adviser Salehuddin Ahmed stated on Tuesday that while some banks are recovering well, others may continue to face challenges, but none of them will be shut down. Some banks are recovering. Islami Bank, the largest bank, is improving. However, some banks will continue to struggle. But we...

Awami govt loots the banks: Finance adviser
Awami govt loots the banks: Finance adviser

Finance Adviser Dr Salehuddin Ahmed said the Awami League government has looted the countrys banks. Most of the banks are on the verge of destruction. It (Awami League) took many projects without feasibility tests. He made the remarks today (November 16) while speaking at a seminar titled...

Reforms being carried out to solve crisis: Dr Salehuddin
Reforms being carried out to solve crisis: Dr Salehuddin

Finance Adviser to the interim government Dr Salehuddin Ahmed has said that reforms in various sectors, including in financial, capital market and banking ones, are being carried out to solve the crisis that the interim government inherited from the previous regime, reports Dhaka Tribune. The...

Govt plans big to boost national revenue in the next 2 fiscals: Document
Govt plans big to boost national revenue in the next 2 fiscals: Document

In its bid to boost the national revenue, the interim government has set a target to collect Tk 6,15,500 crore and Tk 6,95,100 crore respectively for the next two fiscals. The revenue is expected to grow around 13 per cent in the next three years, including the running one, to reach Tk 6,95,000...

Governor takes chair of the SAARC Finance Network
Governor takes chair of the SAARC Finance Network

Ahsan H. Mansur, the Governor of Bangladesh Bank, has assumed the role of Chairperson of the SAARC Finance Network. He was appointed to this position during the 46th SAARC Finance Governors Group Meeting held in Washington, D.C. on October 24, for a term of one year. He takes over as Chair...

Govt aims to restore investor confidence in stock market: Dr. Salehuddin
Govt aims to restore investor confidence in stock market: Dr. Salehuddin

Finance Adviser Dr. Salehuddin Ahmed on Wednesday said that the government is actively working to restore investor confidence in Bangladeshs capital market, with a focus on both short- and long-term stability measures, reports UNB. Following a meeting with the Bangladesh Securities and Exchange...

Tk 111 crore on paper, Tk 500 crore in reality
Tk 111 crore on paper, Tk 500 crore in reality

The Anti-Corruption Commission (ACC) is investigating former Finance Minister AHM Mustafa Kamal, also known as Lotus Kamal, over discrepancies in reported assets. The ACC has identified Tk 111 crore in assets on paper, but believes the true value could reach Tk 500 crore. To support its inquiry,...

Bangladesh expects to see export growth despite global trade shifts
Bangladesh expects to see export growth despite global trade shifts

Bangladesh expects substantial export growth although the Global trade dynamics have undergone significant shifts in recent years, reports UNB. A document of the Ministry of Finance expected the growth based on the projection of the World Trade Organization (WTO). Although global trade...