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Payra Power Plant's coal import bills, loan payment stuck over dollar crisis

The Bangladesh-China joint venture that has implemented the Payra 1,320MW Thermal Power plant is struggling to manage dollars to pay coal import bills and repay loans taken for the plant. The company – Bangladesh-China Power Company (PVT) Limited – has already missed some payment deadlines and needs $387.39 million this month on an urgent basis, reads documents obtained ....

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Forex volatility a barrier to Bangladesh's macroeconomic stability: IMF

Finance ministry officials told the IMF that several initiatives have been taken to discourage imports of all but essential commodities to maintain foreign exchange reserves at satisfactory levels, the benefits of which have already begun to reap ....

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