Regional & International Economy

The world’s main central banks were seen as saviors of the global economy in the wake of the 2008 financial crisis and when the coronavirus pandemic hit last year, but they are less than unified when it comes to addressing climate change.

Fisheries and Livestock Minister SM Rezaul Karim said that marine fisheries have a huge role to play in the development of blue economy.

Remittance inflow declined 8 per cent year-on-year in August to $1.8 billion, the lowest in the past six months, as money transfers through informal channels such as “hundi ” have increased, according to various experts.

The world’s leading oil producers are expected to uphold a July deal to slowly boost output at a meeting on Wednesday, despite US pressure to go further.

India attracted foreign direct investment (FDI) inflows of $22.53 billion during the first three months of the fiscal year starting on April 1, about 90 per cent higher than the April-June period last year, the government has said.

Annual trade between Bangladesh and India has the potential to reach $16 billion if the former improves its ease of doing business and completes all connectivity developments, according to Indian High Commissioner Vikram K Doraiswami.

The Asian Development Bank (ADB) today approved a US$1.78 billion Multitranche Financing Facility (MFF) to improve mobility, road safety, and regional trade along the Dhaka-Sylhet trade corridor in Bangladesh.

Import-related irregularities have gone down significantly after the National Board of Revenue (NBR) doubled the minimum penalty for evading duties, helping the government earn more in taxes.

The country’s overall economic situation started showing some signs of improvement from the last fiscal year despite the ongoing pandemic but subdued growth in private investment and excess liquidity in banks still remain a major concern. 

Experts advise against releasing extra dollars into the market