New Delhi, May 29 (IANS) As the International Monetary Fund (MF) has reclassified Bangladesh from a low risk to a moderate risk country in its debt sustainability analysis, a report has said that mounting repayment obligations are emerging as one of the biggest challenges for the BNP-led government in its first budget preparation.The report published in The Daily Star highlighted that the IMF’s downgrade reflected “deteriorating metrics across debt volume, debt servicing relative to GDP, exports…
Latest Annual Development Programme News & Updates
New Delhi, March 21 (IANS) Bangladesh’s launch of the Family Card programme, promising 2,500 (in local currency) monthly allowance for vulnerable families risks serious fiscal strain and may doom its overburdened social‑welfare system, a new report has said.Bangladesh’s tax‑to‑GDP ratio, one of the lowest in the world and inflexible commitments in its national budget, including debt interest and power subsidies, leave little room for a new recurring commitment, said a report from Banglad…
New Delhi/ Dhaka, Jan 29 (IANS) Bangladesh’s National Economic Council (NEC) has significantly downsized the health and education sector in the Annual Development Programme (ADP), according to a media report.In the tradition of reviewing the performance of the Annual Development Programme (ADP) at the mid-point of each fiscal year, the NEC downsized the ADP by about 12.5 per cent, to 208,935 crore taka (3.3 per cent of GDP) from its original budget allocation of 230,000 crore taka (3.7 per cen…