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bangladesh: Experts raise concern over volatile performance of China-backed projects in Bangladesh

Sonali Bank officials confirmed that the Payra Port Authority had applied for the funds and that the process of releasing the funds from the central bank is underway. An official of Bangladesh Bank on condition of anonymity said the fund will be released amid the ongoing foreign reserve crisis in the country because there is an agreement on this. However, he said a decision has been taken not to fund any more projects under the BIDF for the time being, according to Daily Asian Age.

Experts raise concern over volatile performance of China-backed projects in Bangladesh

Experts raise concern over volatile performance of China-backed projects in Bangladesh

Experts raise concern over volatile performance of China-backed projects in Bangladesh

Bangladesh to adopt IMF mandated method to calculate its Forex reserve

Bangladesh will adopt the International Monetary Fund (IMF) mandated method to calculate its foreign reserves, said the Bank of Bangladesh in its announcement on Monetary policy on Sunday.