Lowers FY'25 GDP growth to 4.1pc, far below earlier projection
A latest World Bank reappraisal of Bangladesh's economic condition lowers growth projection to 4.1 per cent for the current fiscal, discounting 1.6-percentage points from its fairly higher previous rating, citing multiple adversities.Earlier in June 2024, the Washington-based global lender forecast the gross domestic product (GDP) growth of Bangladesh at 5.7...
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Fund may delay releasing fourth tranche of loan
Finance officials fear the release of next tranche of International Monetary Fund (IMF) loan can be delayed, or even halted, as the government backtracked on the just-hiked VAT and SD for some items.An IMF note of dismay to Bangladesh finance authorities bears such indication as the lender thinks this somersault...
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Draft ordinance on SC judge appointment approved
The Advisory Council of the Interim Government has given its final approval to the draft of the 'Supreme Court Judges' Appointment Ordinance 2025'.The council approved the draft in its meeting held on Thursday, according to a press release issued by Md Shafiqul Islam, Public Relations Officer (PRO) of the Supreme...
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Current account surplus with EU $23.08b in FY24
Bangladesh's current account surplus with the European Union (EU) climbed to $23.08 billion in fiscal year (FY) 2023-24 riding on the back of robust exports to the 27-member economic bloc.Net inflows from goods exports, mostly clothing items, to the EU states were recorded at $18.63 billion during the period, according...
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