Brac Bank took part in a “Remitters’ Festival-2022” at Expo Centre Sharjah in the UAE recently which was aimed at encouraging expatriates to send their hard-earned money home through legal channels, especially banking channels.
Stock market analysts yesterday urged the government to encourage multinational companies and local ones with good performance records to get listed to boost stock investors’ confidence and ensure “fair distribution” of profits.
BenarNews
The Bangladesh government’s decision to borrow funds from the central bank’s foreign currency reserves for development projects has analysts warning there is “no check-and-balance mechanism” ensuring accountability.
The government of Prime Minister Sheikh Hasina launched the Bangladesh Infrastructure Development Fund (BIDF) last month, with officials touting it as an innovative way for the South Asian nation to reduce its spending on foreign currencies in paying off expensive loans by international lenders, such as the World Bank and China.
“This endeavor will be for an effective investment of surplus foreign currency reserve,” Hasina said during the virtual signing ceremony on March 15.
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