Bangladesh-economy

Bangladesh is seeking assistance from international lenders to manage pressure on its financial sector. The government wants to borrow a total of $14.5 billion from the World Bank and the International Monetary Fund (IMF) to cover additional subsidies in the energy sector and address the broader economic crisis. Of this amount, Bangladesh is seeking $10 billion from the World Bank and expects to receive $4.5 billion from the IMF. The issue of Bangladesh’s loan requests was discussed on the...

The country’s economic recovery process is at risk of becoming prolonged. While the stability achieved so far has become extremely fragile, the trade deficit has reached $10.4 billion. Per capita foreign debt is also expected to rise to Tk 55,130. Several structural weaknesses are holding back investment, employment and overall growth. These findings emerged from a review by the private research organization Center for Policy Dialogue (CPD). The concerns were raised at a media dialogue t...

The United States has urged Bangladesh to prepare budget documents in line with internationally recognized standards and upgrade the Comptroller and Auditor General (CAG), the country’s supreme audit institution, to international standards to improve transparency in the financial sector. At the same time, the country has recommended making information on Bangladesh’s government procurement contracts publicly available. The recommendations and observations were made in a report titled “20...

Bangladesh’s foreign assistance profile has undergone a significant shift in recent years, with budget support accounting for a growing share of external financing while food aid continues to decline. Economists and former officials view the trend as a positive sign of the country’s economic pro...