Regional & International Economy

Experts at an investment summit observed that Bangladesh’s liberalized investment policies and concessions are encouraging the foreign investors to invest in the country.

The International Monetary Fund (IMF) on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn in 2020 would be nearly a full percentage point less severe than expected.

The pandemic caused an “unprecedented” hit to the global economy last year, destroying the equivalent of 225 million full-time jobs, the United Nations has said.

The United Nations warned Monday that the world economy is “on a cliffhanger,” still reeling from the COVID-19 pandemic whose impact will be felt for years but still expected to make a modest recovery of 4.7% in 2021 which would barely offset 2020 losses.

The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost.

Asian markets mostly rose Monday, rebounding from a sell-off at the end of last week as investors keep tabs on the progress of Joe Biden’s new US economic rescue package.

Bangladesh’s extreme poverty rose to 28.5 per cent and the poverty rate 42 per cent in 2020 as the pandemic hit the country’s economy hard, says a survey report. 

Some gaps need to be plugged in the EU’s nine-point action plan for Bangladesh in order to obtain the Generalised System of Preferences (GSP) Plus status after the country’s graduation from a least developed nation in 2024.

The share of overseas project funds in the Annual Development Programme (ADP) is being curtailed by Tk 75.02 billion or 10.64 percent this fiscal after implementing agencies confirmed their inability to spend the money.

Expressing his firm resolve that Bangladesh would soon step into a developing country status from the list of LDCs, Finance Minister AHM Mustafa Kamal on Wednesday said that the country’s economy is now rebounding from the COVID-19 shocks due to the time-befitting steps of the government alongside implementation of the …