The presence of a huge amount of non-performing loans (NPLs) in the banking sector raises funding costs for entrepreneurs so Bangladesh Bank’s decision to cap the lending interest rate was a wrong one, says economists and entrepreneurs.
Homemaker playbook: Bangladesh is going through a period of economic slowdown and this weakening of the economy will be looming large for the entire period of 2023. The biggest problem for the common people now is inflation.
Bangladesh has averted a potential major crisis by reaching out to the International Monetary Fund (IMF) in a timely manner, said Kaushik Basu, a former chief economist of the World Bank.
NEW YORK, Jan 31 The International Monetary Fund (IMF) yesterday said its executive board approved a support programme for Bangladesh worth US$4.7 billion (RM19.9 billion) at.