Page 8 - Export Development Fund News Today

Stocks of unsold yarn of local millers have grown to over one million tonnes over the past five months or so for a drop in demand for garments from the domestic and international consumers.

Fiscal policy goals set for the current fiscal year have remained elusive as private investment has stagnated, the economic growth has fallen, and inflation has shot up, said a noted economist.

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The International Monetary Fund staff mission yesterday expressed reservations about the likelihood of Bangladesh meeting the minimum reserve requirements for the second tranche of the $4.7 billion loan.

The Bangladesh Bank says export proceeds worth $1.4b were not brought home in the current fiscal so far

Exports and remittances, two major sources of foreign currencies for Bangladesh, plunged in April, a bad omen for the economy as it deals with multiple challenges, including a dollar crisis, an elevated level of import costs and falling reserves. 

The widening gap between export shipment and realised value prompted the authority to tighten rules for delayed encashment of export proceeds

Small-scale gold miners in Traditional Authority Phalula in Balaka have hailed the Sustainable Mining Applied for Livelihood Advancement (Samala) for Youth and Women Project being implemented by Centre for Environmental Policy and Advocacy (Cepa) for improving their operations and eradicating child labour and environmental degradation. Tagwirizana Cooperative secretary Blackson Gondwe said since the launch of

Fearing negative impacts on exports due to the downsizing of the Export Development Fund (EDF) as well as reduction in the amount of loans taken from the fund, traders have called for the EDF to be reverted back to the original state.   In a meeting of the Advisory Committee on Trade Support yesterday at the commerce ministry, traders also said that consumption in

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