The private sector credit growth in Bangladesh nosedived to single digit in July as both banks and borrowers face multiple challenges amid lingering economic uncertainty at home and abroad and the growing political crisis centring next year’s national elections.
An ongoing power crisis in Bangladesh – prompted by a gas shortage – is encouraging Bangladeshi industries to slowly transition to renewable energy sources such as solar power. Although Bangladesh marked 100% access to electricity for all people in March 2022, more than 50% of electricity is generated using natural gas. Dwindling gas reserves, alongside […]
India is the world’s second-most populous country, behind China, and its gross domestic product (GDP) is expected to expand at a rate of 9.2% this fiscal.