IMF lifts GDP development forecast to 5pc

The International Monetary Fund has raised its projection for the financial growth of Bangladesh to 5 % for 2021, up from 4.4 % it forecast in October.The Washington-based multilateral loan...

Spain hopes number of foreign tourists will rebound

Spain hopes the quantity of foreign tourists viewing its sun-kissed islands and picturesque villages may rebound this season to half pre-pandemic amounts, Tourism Minister Reyes Maroto said on Monday."Maybe the...

Bangladesh to graduate ‘with flying colours’

Just as it have been for earlier LDC status graduates, Bangladesh will also not face a whole lot of challenges later on for already having confirmed its economical resilience and...

Economy will return to high growth path next...

Bangladesh's economy will return to the high growth trajectory in the next fiscal year overcoming the scarring impacts of the coronavirus pandemic, according to a United Nations report. The country's...

GDP growth will be 7.4computer this fiscal year:...

The government has reduced the GDP growth projection for the current fiscal year to 7.4 % considering the fallouts of the coronavirus pandemic."Our GDP grew by 5.24 per cent in...

Bangladesh economy is in good shape: Kamal

Finance Minister AHM Mustafa Kamal on Wednesday reiterated that the market of Bangladesh is found in good condition as it gets more dynamic and more powerful daily and there is...

Govt sets 8pc GDP growth target found in...

The federal government has set an ambitious average economic growth target of 8 % in its Eighth Five-Year Plan, more so to be achieved amidst the economically devastating pandemic.Hopes are...

Move away from growth delusion

Development strategies ought to be redefined moving away from growth-centric delusion to task creation, training and quality health insurance and education to make real improvement, said the Citizen's Program for...

Higher GDP growth fails to result in lower...

An increase in the gross domestic item (GDP) reduces non-performing loans on advanced economies, but it has very little such effect on the awful loans on Bangladesh, found a report...

IPDC Finance definitely not pandemic blues

IPDC Finance logged Tk 50.3 crore in profits for the January-September this year, a 13 percent increase year-on-year, relating to a news release.The country's first private sector non-bank lender (NBFI)...

Govt caps MFS’s cash-out charge for back-up funds

The federal government decision to distribute the fund under its social back-up programme through mobile financial services will ensure transparency and get more unbanked people under the formal economic climate,...

BSRM Steel to create Tk 700cr plant

BSRM Steel has made a decision to set up a Tk 700 crore plant to raise twelve-monthly MS rod production capacity by another 5 lakh tonnes to meet up its...

Worth savoring, not really a fluke

Bangladesh surpassing India in per capita GDP in 2020 as forecast by the International Monetary Fund is not a fluke and is quite a reflection of the country's steady economic...

Covid-19 challenge is both a marathon and a...

All stakeholders must interact to enable long-term monetary recovery of Bangladesh while addressing the immediate need to save and sustain lives, said a high banker."The Covid-19 challenge is both a...

Covid-19 pandemic likely to push 47 mn more...

The Covid-9 pandemic will push 47 million more women and girls below the poverty line, reversing decades of progress to eliminate extreme poverty, according to   new data of UN Women...

Kamal lets rip at CPD for questioning GDP...

Finance Minister AHM Mustafa Kamal yesterday ripped in to the observations of the Centre for Policy Dialogue (CPD) about the country's financial growth for the just-concluded fiscal year."The CPD guesstimates,"...