Understanding offshore banking
Offshore banking involves the cross-border intermediation of funds and provision of services by banks located in offshore financial centres to non-residents...
Tags : International Monetary Fund
Sri Lanka: best team to face future
WITH little more than a month before presidential elections are due, the speculations about elections not being held have come to a halt which is a testament to the democratic spirit in the country. The election commission has invited Commonwealth and EU election monitors to observe the elections. Political parties and parliamentarians alike are...
Int鈥檒 financial institutions鈥� culpability
THE International Monetary Fund, World Bank and Asian Development Bank are complicit in the gross human rights violations and death of democracy in Bangladesh. They continued to supply financial blood line to the regime, well-documented for its corruptions, human rights violations 鈥� such as forced disappearances and tortures...
IMF loan programme to continue despite regime change
The International Monetary Fund will continue its ongoing $4.7 billion loan programme in Bangladesh despite the students-led mass demonstration that stepped Sheikh Hasina down as prime minister on Monday...
IMF cuts next tranche by $125m
International Monetary Fund has revised down the loan amount by around $125 million for the next tranche under the ongoing $4.7 billion loan programme Bangladesh has taken amid the shortage of foreign currencies...
Govt commits e-returns
The government has planned introducing e-return and preparing e-payment framework in the current FY25 under the $4.7 billion loan programme with the International Monetary Fund...
Pakistan to get $7b IMF aid
The International Monetary Fund has agreed to loan Pakistan $7 billion to bolster its faltering economy, with Islamabad pledging Saturday it would be the last time it...
Forex reserve rises to $22b on foreign loans
The foreign exchange reserves in Bangladesh, according to the International Monetary Fund guidelines, increased to nearly $22 billion on June 27 from $18.64 billion in May...
Reinforce asset declaration by public officials to combat high-level corruption: IMF聽聽聽聽聽
The International Monetary Fund has recommended the government reinforce the asset declaration process for public officials to combat high-level corruption effectively....
IMF approves release of $1.1b to Bangladesh
The International Monetary Fund on Monday approved disbursement of $1.12 billion to Bangladesh under the current $4.7 billion loan programme.
IMF to review $1.15 billion loan to Bangladesh in June
The International Monetary Fund on Friday said that its board meeting on June 24 would review the disbursement of $1.15 billion to Bangladesh.
Reset looms of unfit global monetary system
SINCE 2008, our world has been in a permanent crisis. There is, however, no consensus about the reasons for the constant presence of an economic crisis. Some think that during the past decade or so there have been several crises; others say that these are only different stages of the same crisis...
IMF lifts China growth forecast but warns on industrial policy
The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing鈥檚 industrial policy risks a 鈥榤isallocation鈥� of resources and could harm trade...
Improved international financial architecture needed
THIS year鈥檚 International Monetary Fund and World Bank Group Spring Meetings opened amidst news of two startling findings...
High inflation reduces forex reserves: BBTA study
High inflation reduces foreign exchange reserves, as more reserves are necessary to stabilise the foreign exchange market and cool down inflation, according to a research paper by officials of the Bangladesh Bank...
Bangladesh's net forex reserve plunges to $13.8b
The net foreign exchange reserves in Bangladesh, as per International Monetary Fund guidelines, fell to $13.76 billion, with the gross reserves dropping to $18.26 billion on May 12, marking a 10-year low, according to Bangladesh Bank data...
Maldives gets IMF debt warning as more Chinese loans loom
The International Monetary Fund warned the Maldives against looming 鈥榙ebt distress鈥� Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China....
IMF to release $1.1 billion soon, calls for further reforms in Bangladesh
The International Monetary Fund on Wednesday said it had reached a staff-level agreement to release around $1,152 million as the third tranche under the ongoing $4.7 billion loan programme with Bangladesh...
BB opens lending rate to market amid IMF pressures
The Bangladesh Bank on Wednesday scrapped its SMART rate policy of determining lending rate and shifted to the market-based approach amid International Monetary Fund鈥檚 pressures...
IMF to make聽concession聽once again
The Bangladesh Bank is likely to get concession in maintaining the net international reserve once again under the current $4.7 billion loan programme with the...
BB to open interest rate to market fully
The Bangladesh Bank is likely to abandon its SMART rate policy of determining lending rate and shift to market-based approach as per an International Monetary Fund鈥檚 proposal...
Govt鈥檚 bank borrowing to remain high in FY25
The government is going to narrow down the budget deficit in the new budget to appease the International Monetary Fund, but that will not help in cutting its...
Govt must set power policy right to reduce subsidy
THE government mulling over an increase in power price four times a year for the next three years to reduce subsidy is unacceptable and an injustice to consumers. Power Division officials are reported to have proposed the increase to a visiting International Monetary Fund mission that has...
IMF insists on power tariff hike
The visiting International Monetary Fund mission on Thursday asked the government to increase power tariffs to clear arrears and reduce...
Bangladesh鈥檚 financial account not performing well: IMF
The financial account of Bangladesh is not performing very well, said Krishna Srinivasan, the director of the Asia and Pacific department of the International Monetary Fund, during a virtual briefing from Singapore on Tuesday...
IMF advises BB to disclose full report on banks鈥� health
The visiting International Monetary Fund delegation advised Bangladesh Bank to disclose detailed and complete information regarding bad and risky loans fin the...
IMF for NBR reforms, abolishing tax waivers聽
The visiting International Monetary Fund mission on Sunday recommended around half a dozen measures, including administrative reform in the...
IMF criticises forced bank mergers
The visiting International Monetary Fund mission on Thursday observed that the international practice should be followed in implementing the merger and...
IMF concerned over delay
The visiting International Monetary Fund mission has expressed concern over delays in introducing the proposed crawling peg for determining the exchange rate...
India鈥檚 poor will not be wished away
The late, sharp-witted economist Michael Mussa, my first boss at the International Monetary Fund, once told me that every statistic must pass the 鈥榮mell test.鈥� I recalled this sage advice recently when Indian authorities published the first driblets of a consumption survey...