By relying on publicly available information and some simple fiscal arithmetic, it is possible to see a financing gap in the order of $6 billion (or Tk660 billion at Tk110 per dollar) over the medium term that arises from a stronger dollar and tighter money. There are far worse ways of meeting this financing gap than approaching the IMF and its traditional lending associates
Bangladesh’s debt service to revenue ratio rocketed to 81.2 per cent in the last fiscal year amid lower tax collection and higher borrowing, according to the International Monetary Fund.
Finance Minister AHM Mustafa Kamal yesterday refused to accept data on the new poor released earlier through surveys conducted by private research organisations to measure the effects of the Covid-19 pandemic-induced income losses. "We need to know first who is on this list and how they collected the number of poor," he told journalists after a meeting of the cabinet committee