April food prices cross 10%, highest in five months
According to the Bangladesh Bureau of Statistics (BBS), food inflation jumped 35 basis points to 10.22 percent last month from 9.87 percent in March. This was the first time in five months that food inflation hit double digits.
22h ago
Make budget tight, control inflation
Prime Minister Sheikh Hasina yesterday directed the finance ministry to formulate a contractionary budget for the upcoming fiscal year to control inflation.
1d ago
Health, education face spending cuts again
Education and health sectors are set to get less Annual Development Plan allocation than prescribed in the eighth five-year plan.
1d ago
Will BB steps build up reserves? Not so soon
Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.
5d ago
IMF eases forex reserves target
Thanks to bold reform measures taken by the authorities, the IMF has drastically slashed the Net International Reserves (NIR) requirement for Bangladesh for the fourth tranche of the $4.7 billion loans.
6d ago
ADP to see record foreign funds next fiscal year
Amid the crisis of dollars, the next Annual Development Programme will have a record Tk 1 lakh crore allocation from foreign funds.
1w ago
Forex reserve target for IMF loans may be revised down to $18b
The latest proposal was made to the IMF’s visiting mission yesterday during a joint meeting with officials of the finance division and central bank at the finance ministry in Dhaka.
1w ago
Taka to trade more freely by next month
Bangladesh will introduce a crawling peg system by next month to make the exchange rate more flexible and improve the foreign currency reserves, a key prescription from the International Monetary Fund.
1w ago
May 14, 2024
April food prices cross 10%, highest in five months
According to the Bangladesh Bureau of Statistics (BBS), food inflation jumped 35 basis points to 10.22 percent last month from 9.87 percent in March. This was the first time in five months that food inflation hit double digits.
May 14, 2024
Health, education face spending cuts again
Education and health sectors are set to get less Annual Development Plan allocation than prescribed in the eighth five-year plan.
May 14, 2024
Make budget tight, control inflation
Prime Minister Sheikh Hasina yesterday directed the finance ministry to formulate a contractionary budget for the upcoming fiscal year to control inflation.
May 10, 2024
Will BB steps build up reserves? Not so soon
Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.
May 9, 2024
IMF eases forex reserves target
Thanks to bold reform measures taken by the authorities, the IMF has drastically slashed the Net International Reserves (NIR) requirement for Bangladesh for the fourth tranche of the $4.7 billion loans.
May 8, 2024
ADP to see record foreign funds next fiscal year
Amid the crisis of dollars, the next Annual Development Programme will have a record Tk 1 lakh crore allocation from foreign funds.
May 7, 2024
Forex reserve target for IMF loans may be revised down to $18b
The latest proposal was made to the IMF’s visiting mission yesterday during a joint meeting with officials of the finance division and central bank at the finance ministry in Dhaka.
May 6, 2024
Taka to trade more freely by next month
Bangladesh will introduce a crawling peg system by next month to make the exchange rate more flexible and improve the foreign currency reserves, a key prescription from the International Monetary Fund.
May 3, 2024
Power price to go up four times a year
The government has drawn up a plan to increase the price of electricity four times a year for the next three years to withdraw all subsidies in the power sector, which the IMF recommends.
May 1, 2024
More exchange rate flexibility needed
Bangladesh’s macroeconomic performance has significantly improved since the country entered the IMF’s $4.7 billion loan programme in January last year, but the bleeding of foreign currency reserves continues, putting the taka under pressure, the global lender said yesterday.
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