Bangladesh Bank has missed the train by caving in to the pressure of the finance ministry, which dictates policymaking at the central bank being driven by short-term political interests.
Bangladesh Bank yesterday unveiled a wishy-washy monetary policy for the next six months that will prove to be ineffective in tackling the headwinds passing through the economy.
Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis.
Islami Bank has started to avail a central bank facility that is only summoned during extraordinary circumstances, as the Shariah-based lender looked to dress up its balance sheet ahead of the year’s end.
Bangladesh Bank, which is supposed to oversee the governance of the country’s financial institutions, has rather supported these irregular activities through its policies and actions.
Investigation into financial irregularities the first step forward
Lack of accountability and the culture of impunity destroyed governance from within.
The default-loan narrative has smeared our otherwise powerful story of graduation from the Least Developed Country (LDC) status.
In a time of elevated inflation, the government has started to borrow heavily from the Bangladesh Bank to meet the budget deficit, in a move that is set to push up the consumer price level further.
Bangladesh Bank has missed the train by caving in to the pressure of the finance ministry, which dictates policymaking at the central bank being driven by short-term political interests.
Bangladesh Bank yesterday unveiled a wishy-washy monetary policy for the next six months that will prove to be ineffective in tackling the headwinds passing through the economy.
Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis.
Islami Bank has started to avail a central bank facility that is only summoned during extraordinary circumstances, as the Shariah-based lender looked to dress up its balance sheet ahead of the year’s end.
Bangladesh Bank, which is supposed to oversee the governance of the country’s financial institutions, has rather supported these irregular activities through its policies and actions.
Investigation into financial irregularities the first step forward
Lack of accountability and the culture of impunity destroyed governance from within.
The default-loan narrative has smeared our otherwise powerful story of graduation from the Least Developed Country (LDC) status.
In a time of elevated inflation, the government has started to borrow heavily from the Bangladesh Bank to meet the budget deficit, in a move that is set to push up the consumer price level further.
The Bangladesh Bank has allowed banks to help students who are studying in China pay their tuition fees.