Regional & International Economy

The country’s trade deficit rose by 21.12 per cent or $3.1 billion year-on-year in the July-April period of the current fiscal year 2020-21 amid a higher import payment growth against export earnings.

The capital machinery import has declined notably in recent months, reflecting the negative impact the Covid-19 is having on the country’s economy, analysts said on Friday.

As Bangladesh strives to attract more FDI it may want to work harder with countries that are important investors globally while ensuring that those who already have a strong presence do not leave our shores

Speakers at a discussion blamed corruption, weak infrastructure, and unfriendly bureaucracy as impediments to the growth of bilateral trade and attracting investments between USA and Bangladesh.

Previously, the central bank allowed opening foreign currency accounts in the names of local and joint venture contracting firms employed

Bangladesh, which outpaced India in many indices of economic or human development, has surpassed its giant neighbour on per capita income.

The World Bank has approved USD 600 million for two projects in Bangladesh to help over 1.75 million poor and vulnerable population against future shocks like the Covid-19 pandemic.

The inflow of remittance into Bangladesh grew by 18.4 per cent to US$21.7 billion in 2020, defying the gloomy projections and inspite of the ongoing Covid-19 pandemic globally.

Bangladesh earned $21.75 billion from expatriates last year — an increase of 18.4% from 2019 — amid the Covid-19 pandemic

The government has amended the auction calendar to borrow Tk 55 billion more from the scheduled banks to meet the budget deficit only for this month as a falling trend of surplus funds in its accounts, officials said.