Misplaced comparison between Bangladesh and Sri Lanka

Pranab Kumar Pandey: A rich mix of opposition politicians, members of the civil society and unabashed Islamist radicals — has taken heart at the huge economic crisis that is bedevilling Sri Lanka. I call them the Doomsday Brigade of Bangladesh as they seem to be praying for divine intervention for such a crisis to fall on Bangladesh becau...

Bangladesh is not going to be another Sri Lanka

Bangladesh is not at risk of defaulting on foreign loan repayments because of its cautious management of external debt which has a much higher portion of soft loan with longer maturity periods than that in Sri Lanka. Besides, the size of Bangladesh economy and volume of exports are bigger than those of Sri Lanka and Pakistan put together, while...

Forex reserve hits record high over $44b

The country's foreign exchange reserves today hit a new record of $44.02 billion thanks to the upward trend of remittance and lower import payments, Bangladesh Bank data showed. The reserves, one of the major macroeconomic indicators of an economy, touched the $41 billion mark on October 28 and rose to $42 billion on December 15 and $43 billion...

Bangladesh Forex Reserves Cross $41 Billion

Bangladesh’s foreign currency reserves have surpassed $41 billion, three weeks after crossing the $40 billion for the first time. The reserves at the Bangladesh Bank stood at $41.2 billion on Thursday, sufficient to pay more than 10 months of import bills. Finance Minister AHM Mustafa Kamal once again thanked the Bangladeshi migrant work...