Category: Bangladesh

Overview. The usual colourful rhetoric between the Awami League and BNP continues. On the economic front, remittances for FY21 hit a record high of USD 24.77 billion, while exports jumped 15% to USD 38.76 billion in the just-concluded fiscal year. After a two-month break, the government has also resumed its vaccination drive, with people aged…

Overview. A record budget of around USD 72 billion was announced for the upcoming fiscal year, with a focus on C19 recovery, social safety nets, and health. BNP Secretary General Mirza Fakhrul Islam Alamgir has blamed government for alleged corruption in the health sector. The World Bank has upgraded the country’s GDP forecast for this…

Overview. The BNP have said that they will not take part in the upcoming by-poll elections, citing the incompetence of the Election Commission. On the economic front, Bangladesh GDP per capita has increased from USD 2,064 to USD 2,227. Remittance inflow has surpassed the USD 20 billion mark in a single fiscal year for the…

Overview. On the political front, all elections have been postponed due to the ongoing pandemic. On the economic front, in more positive news, the IMF has upgraded Bangladesh GDP growth rate projections for 2021 from 4.4% to 5%. Export earnings have also risen more than 12% year-on-year, while FMO, a Dutch entrepreneurial development bank, has…

Overview. March was dominated by the celebration of Bangladesh’s golden jubilee and the centenary of Bangabandhu Sheikh Mujibur Rahman’s birth, with many leaders from the region coming to Bangladesh as part of the celebration. The visit of Indian Prime Minister Narendra Modi proved to be contentious, with clashes between police and Islamist organization Hefazat-e Islam…

Overview. The ruling Awami League have won in a whopping 88% of municipalities in the fourth phase of the ongoing municipal elections. The central bank has ordered non-bank financial institutions not to give dividends of more than 15% for the financial year. The country’s foreign reserves set a new record of more than USD 44…