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Dhaka, Nov 17: Bangladesh Bank Governor Abdur Rouf Talukder has said there will be no foreign exchange crisis from January 2023, as the country’s exports and remittances have become surplus compared to imports. He said this while speaking on the state of financial sector at the national seminar on LDC …

Flour mills in eight northern districts of Rangpur division are struggling to continue production as wheat has become scarce in international markets amid the ongoing war between Russia and Ukraine, two major exporters of the cereal grain. Bangladesh largely depends on imports to satisfy its domestic demand for wheat as …

The Association of Bankers, Bangladesh (ABB), a platform of managing directors of banks in Bangladesh, yesterday said depositors’ money in banks were completely protected as lenders were now enjoying a hefty amount of excess liquidity. “There is no reason to panic regarding the deposits kept in banks by the masses,” …

Thanks to the negligence of the authorities, flour and sugar prices have risen abnormally, causing hardship for middle- and low-income groups. Due to population growth and changing food habits, wheat and wheat-based food items have been in high demand in the country for the last few years. The decline in …

UNICEF is launching a new climate financing initiative to enhance countries’ climate resilience and disaster preparedness for children and youth and bolster protection for children from the impacts of future climate-related disasters. The Today and Tomorrow initiative is an integrated climate change finance solution that, for the first time, combines …

The Asian Development Bank has approved a $200 million loan to strengthen microfinance in Bangladesh, supporting microenterprises, particularly those owned by women and those located in regions with high climate risks. The Microenterprise Financing and Credit Enhancement Project will increase the liquidity of microfinance institutions (MFIs), which are key lenders …

Representatives of Central Asian countries are in Kazakhstan this week to discuss how to work closely together to grow their economies, which have been buffeted by the continued COVID-19 pandemic and geopolitical crisis, in a sustained, greener manner while also taking advantage of advances in technology. The 2022 SPECA Economic …

The Cabinet Committee on Government Purchase (CCGP) on Wednesday approved a number of proposals including import of a total of 180,000 metric tons (MT) of fertiliser. The committee also approved a proposal of the Bangladesh Bridge Authority to pay 65 percent of the payment in Bangladesh currency and remaining 35 …

Bangladesh Bank (BB) Governor Abdur Rouf Talukder on Tuesday urged the country’s microfinance institutions to reduce interest rates on microcredit lending. “Making profits from the loans disbursed among the poor is unethical and the interest rates should be cut down …,” said the BB governor, while addressing as the chief …

Bangladesh has set a target to raise five times the cotton production by 2030, introducing new varieties and expanding cultivation areas, since the country appeared as the second largest consumer of the industrial crop. ‘Cotton could be a major cash crop as we need to spend US$3billion every year for …