Wide gap in formal-informal exchange rates led to forex reserve slide: WB
The multilateral lender says in its latest regional economic update
Stay updated with breaking news from Brac Centre. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The multilateral lender says in its latest regional economic update
A wide gap in formal and informal exchange rate has been one of the factors behind the sharp fall in the foreign exchange reserves in Bangladesh as it shifts remittances from official channels to unofficial routes and impedes repatriation of export proceeds, said the World Bank.
The ineligible beneficiaries of the social safety net programme meant for elderlies and widows eat up around Tk 1,500 crore every year because of poor targeting and administrative weakness, according to the Centre for Policy Dialogue (CPD).
The severity of food insecurity among poor households has increased significantly in Bangladesh compared to six months ago, finds a study released today.
Analysts say at a dialogue organised by the Citizen's Platform for SDGs, Bangladesh with support from Manusher Jonno Foundation