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Economy

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Anger over expired committee at Keraniganj Garments Association, allegations of embezzlement Industry

Anger over expired committee at Keraniganj Garments Association, allegations of embezzlement

In Dhaka's traditional Keraniganj Garments Traders and Shop Owners Cooperative Association Limited, the crisis of legitimate leadership has intensified due to the absence of elections for a long time. Allegations have arisen that after the political changeover in September 2024, several BNP leaders, by showing resignation, assumed new leadership without an election. Although the tenure of this committee ended in October 2025, they are still holding their posts.

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Bangladesh seeks $13.77 billion loan from World Bank to cope with country's economic pressure Economy

Bangladesh seeks $13.77 billion loan from World Bank to cope with country's economic pressure

Bangladesh has sought a total of $13.77 billion in foreign loans and assistance from the World Bank to tackle the country's economic crisis, strengthen foreign exchange reserves, and carry out long-term structural reforms, including in the banking sector. This includes $2.77 billion in project financing and $1 billion in budget support in the current 2026-27 fiscal year, and an additional $10 billion loan proposal over the next three years under the proposed ‘Resilience, Reform and Investment Partnership’ (RRIP) framework.

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Decision on three-year delay in LDC graduation expected in October: Commerce Minister Economy

Decision on three-year delay in LDC graduation expected in October: Commerce Minister

Commerce, Industry, and Textiles and Jute Minister Khandaker Abdul Muktadir expressed hope that a final decision on delaying Bangladesh's graduation from the least developed countries (LDC) list by three years will come within this October. He said the government has prepared a time-bound action plan for additional preparation time and has set the goal of completing a free trade agreement (FTA) with the European Union (EU) before graduation. He said this while speaking as chief guest at a seminar organized by the Economic Reporters' Forum (ERF) and Bangladesh Foreign Trade Institute (BFTI) on Monday.

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China's technology more needed than money for jute sector development: Jute Minister Economy

China's technology more needed than money for jute sector development: Jute Minister

Commerce, Industry, and Textiles and Jute Minister Khandaker Abdul Muktadir has said that advanced technology and research cooperation are more necessary than financial investment for the development of Bangladesh's jute sector. He said this on Sunday (October 18) at the memorandum of understanding (MoU) signing ceremony between the Jute Diversification Promotion Center (JDPC) and China's Jiangnan University at the Ministry of Commerce.

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Trade license available on a single portal: Commerce Minister Economy
Integrated inspection system coming to facilitate business •

Trade license available on a single portal: Commerce Minister

The government has planned to issue trade licenses through a single online portal and launch an integrated inspection system to facilitate trade, commerce and investment. At the same time, Commerce Minister Khandaker Abdul Muktadir emphasized reducing delays and harassment in renewing work permits and security clearances for foreign employees.

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World Bank President Calls for Private Investment and Technology to Tackle Jobs Crisis Economy

World Bank President Calls for Private Investment and Technology to Tackle Jobs Crisis

Around 1.2 billion young people in developing and emerging economies are expected to reach working age over the next 10 to 15 years. However, under current trends, only 400 million jobs are likely to be created, potentially leaving a shortfall of 800 million jobs. To address this challenge, World Bank Group President Ajay Banga has called for greater private investment, wider use of technology and reforms in development financing.

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Government hopes for 6.5 percent growth, surpassing IMF's conservative forecast Economy

Government hopes for 6.5 percent growth, surpassing IMF's conservative forecast

Prime Minister's Adviser on Finance and Planning Rashed Al Mahmud Titumir said the government is optimistic about achieving the 6.5 percent growth target set in the budget for the current fiscal year, in contrast to the International Monetary Fund (IMF). He said global development partners such as the IMF, World Bank and ADB are providing assistance for economic reforms based on the country's own priorities. He said this to journalists on the sidelines of the IMF and World Bank Annual Meetings in Bangkok on Thursday (October 15).

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IMF stresses financial reforms alongside tight monetary policy to control inflation Economy

IMF stresses financial reforms alongside tight monetary policy to control inflation

The International Monetary Fund (IMF) has advised Bangladesh to continue a tight monetary policy to control inflation. However, the institution warned that inflation cannot be reduced and economic stability restored by tight monetary policy alone. For this, strengthening the capacity of the financial sector, increasing revenue collection, and effective reforms in overall economic management are urgent.

541 views
Bangladesh seeks Netherlands cooperation to advance free trade agreement with EU Economy

Bangladesh seeks Netherlands cooperation to advance free trade agreement with EU

Bangladesh has sought the Netherlands' cooperation in advancing the proposed Free Trade Agreement (FTA) with the European Union (EU) and in retaining trade benefits in the European market after graduation from the Least Developed Countries (LDC) list. Discussions were also held on the potential for joint initiatives in agricultural technology, the jute industry, modernization of fertilizer factories, renewable energy and port management.

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