New Delhi, May 7 (IANS) Bangladesh witnessing a growing electronic waste crisis as rising imports of low-cost and refurbished electronics, largely linked to China, continue to overwhelm the country’s weak waste management and regulatory systems, a report has said.According to a report by Mongabay, despite the introduction of the Hazardous Waste (E-Waste) Management Rules in 2021, illegal imports, weak enforcement and an expanding informal recycling sector are turning Bangladesh into a potentia…
Latest Bangladesh Bank News & Updates
Dhaka, April 11 (IANS) Rumeen Farhana, a Bangladeshi independent lawmaker, has slammed the ruling Bangladesh Nationalist Party (BNP) government over the appointment of party-linked figures to key positions, including the Governor of Bangladesh Bank and Vice Chancellors of several public universities, local media reported this week.Speaking during a parliamentary session, Farhana said, “In every country, the Central Bank is the regulatory authority for financial institutions and acts as the gov…
New Delhi, March 10 (IANS) Overall inflation in Bangladesh rose to 9.13 per cent in February from 8.58 per cent in January, touching the highest level in 10 months, a report has said.The surge in inflation was driven by rising food prices ahead of Ramadan and election‑related spending, the report from Daily Star said.The Consumer Price Index rose above 9 per cent for the first time since May last year, marking the fourth consecutive monthly surge, since inflation touched a 39‑month low of 8….
Dhaka, Feb 27 (IANS) The conduct of Bangladesh Bank officials in forcibly removing a senior advisor from the Central Bank headquarters in Dhaka this week sends a troubling signal about the integrity and discipline of the very institution entrusted with safeguarding the country’s financial stability, a report said on Friday. “There is only one word that comes to mind when we look over the events at Bangladesh Bank on Wednesday – disgraceful. We must question: When a mob of officials can forci…
Dhaka, Feb 1 (IANS) With barely two weeks left in office, the interim government has yet to pass two critical banking reform laws that the central bank says are essential for strengthening regulatory oversight of Bangladesh’s financial sector, local media reported on Sunday.The pending laws relate to enhancing the autonomy of the Bangladesh Bank (BB) and reforming the ownership and governance structure of banks.Both measures were at the top of the reform agenda pledged by the interim administr…
New Delhi, Jan 19 (IANS) Bangladesh’s proposed ‘Microfinance Bank Ordinance 2025’, to convert the country’s microcredit system into fully regulated microfinance banks under supervision of Bangladesh Bank, could marginalise hundreds of smaller NGOs and poor households from accessing credit, a report has said.New microfinance banking rules has drawn sharp criticism from 17 leading Microfinance Institutions (MFIs) in Bangladesh, including BRAC (Building Resources Across Communities), ASA (Associa…
New Delhi, Jan 4 (IANS) Several challenges faced by the Bangladesh economy from 2025, such as the rising non-performing loans in the financial sector, are likely to spill into the new year, according to local media reports.The Bangladesh Bank had limited room to act, as the government relied heavily on high-cost borrowing from the banking sector. At the same time, debt defaults continued to weaken banks’ ability to extend fresh credit, the Dhaka-based The Daily Star reported.High interest rates …