Category: Bangladesh

Overview. Prime Minister Sheikh Hasina said that the government will reveal the irregularities that have been occurring in the country’s health sector. Economic losses as a result of C19 might have reached USD 21 billion in the just concluded fiscal year. Bangladesh Bank has created a loan fund for the July wages of export-oriented sector…

Overview. The government announced a Tk. 568,000 crore budget for the next fiscal year, with the overall budget deficit target at 6% of GDP. ADB has downgraded Bangladesh’s GDP growth projection for the current fiscal year to 4.5% in the wake of the ongoing pandemic. The country is at risk of having more than 16…

Overview. The government has decided not to extend the lockdown after 30 May, although public transport and other communications will remain closed until further notice. On the economy side, the government is aiming for 8.5% growth rate in the next fiscal year. Asian Development Bank (ADB) has signed a USD 100 million loan agreement to…

Overview. The national lockdown, which started towards the end of March has been extended till 5 May. The government has announced a Tk. 72,750 crore (8.5 billion USD) stimulus package, in four separate programmes. The World Bank has estimated that GDP growth will drop to between 2% and 3% this year.…… Read the rest

Overview. The main political news has been the release (for six months) of BNP Chairperson Khaleda Zia. Bangladesh is on a 10-day lockdown till April 4. Various global retailers have suspended or cancelled work orders from Bangladesh due to concerns over the coronavirus (C19) outbreak. Khaleda Zia Released from Jail.…… Read the rest

Overview. Dhaka’s new incoming mayors were sworn in. BNP Chairperson Khaleda Zia’s bail appeal on health grounds has been rejected by the High Court. In economic news, the government has walked back on its decision to slash interest rates. Dhaka City Mayors Sworn In. The newly elected mayors and councillors of Dhaka south and north…