BB May Drop SMART Formula Due to Higher Interest Rates
The Bangladesh Bank (BB) is contemplating a major overhaul of its interest rate determination mechanism, considering abandoning the SMART formulacurrently in use. This potential move…
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IMF
IMF Suggests 15% VAT on Businesses Over Tk 3cr Turnover
The IMF's proposal, unveiled during a recent meeting with National Board of Revenue (NBR) officials, advocates for the withdrawal of VAT exemptions and rate reductions across various…
Imad Fakhoury joins International Finance Corporation as Regional Director
Imad N Fakhoury, appointed as the Regional Director for South Asia by the International Finance Corporation (IFC), a key member of the World Bank Group, underscores the organization's…
Bangladesh’s Forex Reserves Fall Below $21 Billion Mark
Bangladesh's foreign exchange (forex) reserves have fallen below $21 billion, registering at $20.96 billion, a decrease from the $21.05 billion reported on October 4, as reportedlyoutlined…
The Global Economic Recession is here: IMF
The IMF has declared what we’ve all been afraid of since the start of the novel coronavirus. The recession of this decade is here. This is the first recession for many of the young adult…
