The mobile financial service (MFS) has enhanced our access to goods and services, diversified payment methods, and expanded commercial opportunities, but the sector still faces challenges.
As per Bangladesh Bank s latest data, the total external debt reached $100.6 billion by the end of 2023, up from $96.5 billion the previous year.
Of this debt, $79.69 billion.
In the opening eight months of the ongoing fiscal year, the government's foreign debt servicing soared past the $2 billion mark, primarily propelled by surging interest rates. As per the Economic Relations Department (ERD) latest data, the government paid a staggering $2.03 billion in interest and principal payments to international lenders between July and February of FY24,
Bangladesh Bank yesterday said it would take the initiative for the mergers and acquisition of banks from March 2025 if they fail to do so voluntarily by December this year.
Bangladesh Bank to step in if banks don’t merge voluntarily by Dec 2024 Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.