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Power-sector subsidy overshoots allocation

Dhaka, May 16 -- Government exchequer gasps under fiscal-pressure buildup as power-sector subsidy is projected to overshoot its budgetary mark in the current fiscal year (FY)-much of the burden stemmi... Read More


ECNEC approves multipurpose Padma Barrage project

Dhaka, May 13 -- Decades of wait is all but over now as the government on Wednesday adopted the multipurpose Padma Barrage project meant to mitigate water-scarcity impacts in vast areas and facilitate... Read More


BR to buy 30 locomotives with AIIB support

Dhaka, May 10 -- The government is set to procure 30 railway engines with financial support from the Asian Infrastructure Investment Bank (AIIB) to strengthen the fleet of Bangladesh Railway (BR), off... Read More


Japan finances for Bangladesh gets costlier

Dhaka, May 5 -- Once-most-concessional loan is going to be costlier as Japan has proposed to raise its interest rate by 30-percentage points to 3.05 per cent for lending to Bangladesh, officials in Dh... Read More


Falling capital spending threatens growth prospects

Dhaka, April 12 -- Bangladesh is facing mounting fiscal pressure as capital expenditure continues to decline, raising concerns over the country's growth trajectory and poverty reduction efforts. Anal... Read More


Islamic Development Bank agrees to lend $1.0b

Dhaka, March 14 -- An Islamic Development Bank (IsDB) mission has assured Bangladesh of providing US$1.0 billion in loan for setting up a 3.0-million-tonne-capacity oil refinery, officials say and hop... Read More


ADB urges govt to make quick decision on stalled BRT project

Dhaka, March 12 -- The Asian Development Bank (ADB) has urged Bangladesh's newly elected government to make a swift decision on the long-delayed Airport-Gazipur Bus Rapid Transit (BRT) project, which ... Read More


Govt, JICA meet to break MRT-1 deadlock

Dhaka, March 8 -- The government is set to hold a crucial meeting with Japanese development partner to try to resolve a long-running dispute that has stalled work on Bangladesh's first underground met... Read More


Govt seeks $250m worth loan guarantee from WB for LNG import

Dhaka, March 7 -- As the Mideast crisis stokes concern about fuel security, Bangladesh's state-run energy corporation Petrobangla has requested an additional US$250-million loan guarantee from the Wor... Read More