Economy

Under the ‘Development Policy Loan for Strengthening Public Financial Management’, Japan will provide 30 billion Japanese Yen (equivalent to US$225 Million) as budget support to Bangladesh. To this end, an “Exchange of Notes” and a “Loan...

Bangladesh and India are all prepared to use the rupee in bilateral commercial transactions, signaling a dramatic change away from the historic reliance on the US currency. The new transaction tool is expected to be launched...

Officials from the World Bank and International Monetary Fund (IMF) will attend a two-day summit in Paris with other top business figures to address the interrelated issues of poverty reduction and climate change. The gatherings, which...

On Saturday, tension-filled elections will be held in Sierra Leone, where President Julius Maada Bio hopes to win a second term despite a terrible economic crisis that contributed to last year’s fatal protests. The Ebola virus...

The British government will allocate 25 million pounds (about $32 million) in the next two years for reinforcement of cybersecurity in Ukraine, the British Prime Minister’s Office said in its statement Saturday. According to the statement,...

UK unemployment eased in the three months to the end of April but wage rises continue to lag inflation, official data showed Tuesday. The unemployment rate decreased to 3.8 percent from 3.9 percent in the three...

The Asian Development Bank (ADB) today approved a $400 million loan to Bangladesh to advance reforms in domestic resource mobilization, improve efficiency and productivity of public spending, and help small businesses, especially women-led businesses to access...

Canada shed 17,000 jobs in May, pushing up for the first time in several months the unemployment rate to 5.2 percent, the national statistical agency said Friday. The net job losses came as a surprise, after...

Hiring in the United States heated up again in May, according to government data released Friday, with the strong labor market defying expectations of a slowdown amid efforts to cool the world’s biggest economy. The jobs...

As part of its plan to diversify the Bank’s position in the capital markets and mobilize resources for financing sustainable development projects, New Development Bank (NDB) has successfully issued CNY 8.5 billion in bonds on the...