Economy

Winrock International’s Ashshash project, in collaboration with the daily Prothom Alo, has arranged a virtual discussion session on “Economic Integration and Empowerment of Vulnerable People: Challenges and Opportunities During and Post COVID-19”. As the World Day...

Finance Minister of Zimbabwe, Mthuli Ncube yesterday said the country’s ailing economy would shrink by 4.5 percent in 2020 because of climatic shocks and the coronavirus pandemic. The projection is much more optimistic than that of...

Bangladesh government has reappointed Fazle Kabir as the Bangladesh Bank governor after 12 days of his previous tenure completed on July 3. He will be governor for another two years. Finance Ministry today declared a gazette...

The Asian Development Bank (ADB) joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as an onlooker on 23 June. NGFS is a group of central banks and supervisors amenable to share...

The Gulf states’ economies could contract by 7.6 percent in 2020 in their deepest decline in decades, because the coronavirus and low oil prices take their toll, a top IMF official said yesterday. The new projection...

Bangladesh has highlighted the need for equitable participation in the extraction of global marine resources beyond its own territorial waters in order to fully utilize the potential of the blue economy for socio-economic development. This was...

The Saudi Sovereign Fund will recoup 800 million in investments from the world’s largest companies. The money will be withdrawn as a cost-cutting measure at this time of the Corona crisis. Most of Saudi Arabia’s sovereign...

The Asian Development Bank (ADB) has collected 21 billion Mongolian togrogs (MNTs) in a groundbreaking issue of the first offshore MNT-linked nomadic bond which is approximately equivalent to 7.5 million dollars. The issue sets a new...

This time the government of Bangladesh has reduced the investment limit of the post office savings scheme by two-thirds. Earlier, the customer could invest 100 Taka in this scheme, now you can invest 33 Taka. The...

In terms of the growth rate of the wealthy, Bangladesh has topped the list of the world’s largest economies in the last decade. In the last 10 years, from 2010 to 2019, the number of millionaires...