Arquivo de Bangladesh

DHAKA, Oct. 6 (Xinhua) -- Bangladesh's GDP growth is projected at 3.4 percent in FY27 (July 2026-June 2027) before accelerating to 3.9 percent in FY28 (July 2027-June 2028), the World Bank said in its Bangladesh Development Update released on Tuesday. According to the latest update, released at a press conference in Dhaka, economic growth slowed sharply to 3.4 percent in FY26 (July 2025-June 2026) and is projected to remain static at 3.4 percent in FY27. The report highlights that investment activity softened, exports lost momentum, and inflation remained elevated, reducing household purchasing power and raising business costs. Looking further ahead, GDP growth is projected to recover moderately to 3.9 percent in FY28, provided energy supply constraints gradually ease and government-...

DHAKA, Oct. 5 (Xinhua) -- Bangladeshi Finance and Planning Minister Amir Khasru Mahmud Chowdhury has said that the country must move beyond reliance on the International Monetary Fund (IMF) by tapping global and domestic markets for capital. "We cannot depend on the IMF," the minister said as the chief guest at a program in Dhaka on Sunday. Noting that Bangladesh's financial architecture was changing, he urged stakeholders to target a trillion-dollar economy by 2034. The Bangladeshi government recently decided to exit the existing 5.5-billion-U.S. dollar loan program with the IMF after some of the Washington-based lender's conditions were reported to be no longer suitable for the country's current circumstances. ■ Source link

Tag: Bangladesh

World Bank sees Bangladesh FY27 GDP growth at 3.4 pct-Xinhua

Bangladesh to shift from IMF loans to market-based financing: minister-Xinhua