Bank & Finance

People of towns over burdened with debt Farhad Chowdhury: A significant portion of the people of the country are now meeting their living expenses by taking loans. Due to the inflation caused by the epidemic Corona and the subsequent Russia-Ukraine war, the common people of the country are not able…

IMF suspects Staff Correspondent: The International Monetary Fund-IMF sees the big difference in the income coming to the country through the export of goods in the last financial year as a signal of capital laundering. Part of this difference may be due to methodological reasons, the agency believes. But the…

Mahfuz Emran: The dollar crisis that started in the country since the beginning of last year has not yet ended. That is why the central bank continues to sell dollars in the open market. Besides, the reserve is decreasing to meet other liabilities and repay the debt. However, foreign exchange…

Staff Correspondent: Due to shortage of money, financial transaction services of five Shariah-based banks of the country are about to be stopped. By writing to these banks, Bangladesh Bank has said that the current account status of Bangladesh Bank, which has been with the banks for a long time, is…

IMF sets new target Staff Correspondent: The International Monetary Fund (IMF) has set a target of $17.78 billion foreign exchange net reserves in Bangladesh Bank for December. Earlier, the net foreign exchange reserve target for December was $26.8 billion.In the first review report published today (December 15), the IMF has…

Staff Correspondent: The International Monetary Fund (IMF) has waived the second tranche of $689.8 million in favor of Bangladesh. The money was deposited into the central bank’s account in Washington on Friday. In this, the country’s foreign currency net reserve increased to $1,986 million and gross reserve increased to $2,532…

Farhad Chowdhury: Despite various challenges, Bangladesh has met most of the International Monetary Fund’s (IMF) conditions for the second tranche loan. However, it could not meet the very important targets of foreign exchange reserve conservation and tax collection. In this case, the multinational lender has waived off about $690 million…

Mahfuja Mukul: The domestic and foreign debt of the government is gradually increasing. At the same time, the debt servicing cost is increasing. According to the International Monetary Fund (IMF), the government spent more than $23.32 billion on debt repayment in the fiscal year 2022-23. According to the latest announced…

Incurred Tk 236 cr loss in 4-month Staff Correspondent: State-owned non-banking financial institutions and one of the largest institutional investors in the capital market, Investment Corporation of Bangladesh (ICB), is facing a deepening cash crunch. The reasons for this have been identified as the slowdown in the capital market and…

Mahfuz Emran: The due date for repayment of short-term loans taken against imports of essential goods has been extended by another six months. These outstanding loans were to be paid by December 31. Entrepreneurs are unable to pay these outstanding loans due to financial and dollar crisis. Due to this,…