The allowance for the valiant Freedom Fighters of the country is going to see a significant jump of 66.66% in the coming 2021-22 fiscal.
Category: Finance
Rohingya Crisis: US to provide $155m humanitarian assistance
The United States has announced to provide nearly $155 million in new humanitarian assistance, much of which will go towards the 2021 Bangladesh Joint Response Plan.
A Global Accord for Sustainable Finance
The COVID-19 pandemic has caused the largest decrease in global economic activity on record. But the drop in carbon dioxide emissions has been only temporary.
IMF: Divergent recoveries stem from divergent policies – II
The role of the IMF as lender-of-last-resort has skyrocketed during the Covid-19 pandemic, with emergency financing and loan packages disbursed to 86 countries since the outbreak of the pandemic in March 2020.
BD Finance signs MoU with SIG for infrastructure projects
Bangladesh Finance and Investment Company signed a MoU with US-based Sovereign Infrastructure Group (SIG) to mobilise up to US$2 billion for infrastructure projects in Bangladesh in the next two years.
Spending on public servants’ remuneration to go up
The allocation of money for salaries and allowances of the public sector will see an uptrend from the next fiscal after a span of four years.
WB okays $250 million for Bangladesh to COVID-19 pandemic respond
Dhaka, Mar 27 : World Bank has approved $250 million to help Bangladesh create more and inclusive jobs and effectively respond to the COVID-19 pandemic for a faster recovery and stronger resilience to future crises.
Money Laundering: Darker Side of World’s Financial System
That’s the insidiously darker side of the world’s financial system – with millions of dollars in ill-gotten gains finding safety in offshore banks.
Bitcoin lacks a unique selling proposition
by Peter Bofinger Peter Bofinger identifies the cryptocurrency’s Achilles heel. Following the steep rise in the price of Bitcoin since autumn 2020, public interest in this cryptocurrency has been reignited. Yet the massive drop in price since its peak on…
High Court summons 280 People’s Leasing defaulters
The High Court on Thursday summoned 280 loan defaulters from non-banking financial institution People’s Leasing and Financial Services.
IFAD, GCF act to better life, boost African Great Green Wall
Paris, 11 January 2021 – Millions of poor farmers living in the world’s most climate-impacted parts of the Sahel have cause for hope today because of their governments’ support for accelerating Africa’s Great Green Wall (GGW), an area covering 11…
German support to IFAD to help avert COVID-19 food crisis
Rome, 7 December 2020 – In the face of a looming food crisis due to the COVID-19 pandemic, Germany has committed funds to the UN’s International Fund for Agricultural Development (IFAD) to help ensure small-scale farmers can continue growing food…
The G20 Debt Plan Does Not Go Far Enough
By Shamshad Akhtar, Kevin P. Gallagher, and Ulrich Volz ISLAMABAD/BOSTON/LONDON – The COVID-19 crisis has come at the worst possible time for humanity. The poorest countries were already struggling to meet their development goals in the face of cyclones, wildfires,…
Dhaka inks $100 mn grant deal with WB to support Rohingys
The government of Bangladesh has signed a $100 million grant financing agreement with the World Bank to scale up access to energy, water, sanitation services and disaster-resilient infrastructures for the Rohingya and the surrounding host communities.
No More Excuses – Time for Global Economic Solutions
By Tove Maria Ryding, Pooja Rangaprasad and Emilia Reyes NEW YORK, Sep 28 2020 (IPS) – On 29 September, the world’s heads of state will come together (virtually) at an extraordinary meeting to discuss financing for development during the 75th…
BB to investigate e-commerce platform of Evaly
Bangladesh Bank will investigate the financial transactions and other e-commerce activities of e-commerce platform Evaly.
The Need for Debt-for-Climate Swaps
by Kevin P. Gallagher,Stephany Griffith-Jones,Jörg Haas,Shamshad Akhtar,Ulrich Volz ISLAMABAD – A global debt crisis is looming. Even before COVID-19 swept the world, the International Monetary Fund had issued a warning about developing countries’ public debt burdens, noting that half of…
UN and partners launch $565 million appeal for Lebanon
14 August 2020 – The UN and aid partners are seeking $565 million to address the overwhelming needs in Lebanon following the deadly explosions that flattened large areas of the capital, Beirut, nearly two weeks ago.
‘Delta Fund’ eyed to make Bangladesh climate resilient
The government has a plan to form a special fund, ‘Bangladesh Delta Fund’, for implementing its long-term integrated master plan, ‘Delta Plan 2100’, to harness the huge potentials of Bangladesh through water resource management, ensuring food and water security and…
COVID-19: Bangladesh to receive 150mn euro from France
France will provide a concessional loan of 150 million euro to support Bangladesh with its cash transfer programmes and COVID-19 responsiveness.
ADB’s COVID-19 response reaches $9.3b in last six months
Dhaka, Aug 4: The Asian Development Bank (ADB) committed $9.3 billion in financial resources in the last six months since early February when ADB started its initial response to support its developing member countries and the private sector to address…
WB okays $202 mn credit for food storage in BD
The World Bank’s Board of Executive Directors has approved $202 million in additional financing for the Modern Food Storage Facilities Project to increase the storage capacity of Bangladesh’s national strategic grain reserves by 535,500 tons for 4.5 million households.
Transparency in financial aid disbursement among poor urged
Dhaka, July 18 – Speakers at a virtual dialogue on Saturday urged the government to ensure transparency and accountability in the distribution of financial aid among poor people of the country during the coronavirus pandemic. They also said the income…
‘Transparent public finances must for resilient economy’
Dhaka, July 11 – Experts at a webinar on Saturday said Chartered Accountants (CAs) can play a vital role in economic recovery by taking particular care in their conduct and judgments as fair information, accountability, and transparent public finance are…
Ecnec approves Tk 2,744 cr for 9 projects
Dhaka, July 6: The Executive Committee of the National Economic Council (Ecnec) today approved a total of nine projects involving an overall estimated cost of Taka 2,744.44 crore including one for dredging Dhepa and Gorveswari River with Taka 327.27 crore.
NGOS want emergency Rohingya response fund terms revised
CCNF, a network of more than 50 local and national NGOs working in Cox’s Bazar, urged the UN Resident Coordinator (UNRC) to revise the allocation application’s conditions of $4 million CERF/emergency coronavirus fund so that local NGOs can participate in…
Consumer habits shaped by pandemic, set to stay: Mastercard
Dhaka, June 29 – The way we shop is changing and how we pay is evolving. As COVID-19 alters our daily lives, consumers in Asia Pacific are rapidly going digital with purchases of everything from groceries to movies in a…
Mobile payments help people during the pandemic
By Sonja Davidovic, Delphine Prady and Herve Tourpe Jun 22 2020 (IPS) – The practical challenge of quickly getting financial support in the hands of people who lost jobs amid the COVID-19 economic crisis has baffled advanced and developing economies…
WB approves $500m to help Bangladesh’s road connectivity
The World Bank has approved $500 million to help Bangladesh improve road connectivity along the Jashore-Jhenaidah corridor covering four western districts.
Call remittance services essential during crisis time: IFAD
Rome, 16 June 2020 – With the significant decline in money sent home by migrants due to the impacts of the COVID-19 pandemic, the United Nations’ International Fund for Agricultural Development (IFAD) today called for governments across the world to…