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Bangladesh, with a population of 180 million, expects significant export growth despite ongoing political instability and shifts in global trade. The Ministry of Finance, referencing the World Trade Organization (WTO), forecasts a global trade rebound, predicting a 2.6% growth in 2024 and 3.3% in 2025. Emerging Market and Developing Economies (EMDEs) like Bangladesh are set to outperform advanced economies, with EMDE exports projected to grow by about 4%.
Bangladesh’s export growth is expected to decline from 8.79% in 2023 to 3.93% in 2024 but is anticipated to recover to 8.83% by 2027. Imports are also forecasted to rise, with 4.1% growth in 2024 and 18% in 2025, while advanced economies like the UK and USA are likely to see low or negative growth rates.
USAID will provide a $15 million grant for the ClimAct Project in Bangladesh, aimed at supporting the country’s green and climate-resilient initiatives. The project will assist the Ministry of Environment in implementing the National Adaptation Plan and Nationally Determined Contributions, focusing on policy and planning, accessing finance, and governance of climate actions.
In the first quarter of FY 2024-25, Bangladesh received $846.12 million in foreign aid, a 34% drop from $1.28 billion in the same period last year, according to Economic Relations Division data. Debt servicing surged by 33%, with $1.13 billion repaid, up from $870.46 million in Q1 FY24. New aid commitments saw a dramatic decline of over 99%, falling to $27.41 million from $2.88 billion a year earlier, with no new loan deals signed. The aid received included $182.50 million in grants and $663.62 million in loans, compared to $50.52 million in grants and $1.23 billion in loans last year.
BRAC Bank has launched the “Women Leadership Development Program” to boost women’s empowerment and leadership within the organization. The initiative, “Enlightened Leaders Exemplify Achievement” (ELEA), will provide 25 female employees with a year-long training involving mentorship, workshops, and project work. Led by the internal women’s forum “TARA” and a cross-functional team, ELEA aims to prepare women for senior roles, reinforcing the bank’s commitment to gender equality and professional growth.
The Asian Development Bank (ADB) may invest in Bangladesh Railway’s $255 million electric traction project to run electric trains between Narayanganj and Joydebpur. The project, aimed at environmental and economic benefits, includes catenary line construction and infrastructure upgrades, with operations slated for 2028. Covering 348 km, it promises fuel savings, reduced congestion, and compatibility with the Trans-Asian railway. Expected returns are 24% for the commuter line and 41% for the main line.
BRAC Bank has launched the “Women Leadership Development Program” to boost women’s empowerment and leadership within the organization. The initiative, “Enlightened Leaders Exemplify Achievement” (ELEA), will provide 25 female employees with a year-long training involving mentorship, workshops, and project work. Led by the internal women’s forum “TARA” and a cross-functional team, ELEA aims to prepare women for senior roles, reinforcing the bank’s commitment to gender equality and professional growth.
Tanveer Ahmed has been elected Vice Chairman of Meghna Bank PLC. With 15 years in the RMG and construction sectors, he has led Elegant Group since 2007 and is recognized as a Commercially Important Person (CIP) for his RMG export success. Ahmed’s international career includes major real estate projects in Dubai, Thailand, and Indonesia.
Bangladesh Bank has mandated online tax return submissions for all bank officials and staff in the country’s four city corporations, following an October 22 directive from the National Board of Revenue (NBR). Managing directors and CEOs of scheduled banks are responsible for ensuring compliance with the new requirement.
This directive, issued under Section 45 of the Banking Companies Act, 1991, aligns bank employees’ tax filing practices with those of government employees. To streamline the process for the 2024-2025 tax year, the NBR launched an online submission system on September 9, accessible via www.etaxnbr.gov.bd. Over 100,000 returns have been filed online as of October 21, reflecting growing adoption of the digital platform.
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The Asian Development Bank (ADB) may invest in Bangladesh Railway’s $255 million electric traction project to run electric trains between Narayanganj and Joydebpur. The project, aimed at environmental and economic benefits, includes catenary line construction and infrastructure upgrades, with operations slated for 2028. Covering 348 km, it promises fuel savings, reduced congestion, and compatibility with the Trans-Asian railway. Expected returns are 24% for the commuter line and 41% for the main line.
Tanveer Ahmed has been elected Vice Chairman of Meghna Bank PLC. With 15 years in the RMG and construction sectors, he has led Elegant Group since 2007 and is recognized as a Commercially Important Person (CIP) for his RMG export success. Ahmed's international career includes major real estate projects in Dubai, Thailand, and Indonesia.
Company Monitor
BRAC Bank has launched the "Women Leadership Development Program" to boost women’s empowerment and leadership within the organization. The initiative, "Enlightened Leaders Exemplify Achievement" (ELEA), will provide 25 female employees with a year-long training involving mentorship, workshops, and project work.
Tanveer Ahmed has been elected Vice Chairman of Meghna Bank PLC. With 15 years in the RMG and construction sectors, he has led Elegant Group since 2007 and is recognized as a Commercially Important Person (CIP) for his RMG export success. Ahmed's international career includes major real estate projects in Dubai, Thailand, and Indonesia.
Bangladesh Bank has mandated online tax return submissions for all bank officials and staff in the country’s four city corporations, following an October 22 directive from the National Board of Revenue (NBR). Managing directors and CEOs of scheduled banks are responsible for ensuring compliance with the new requirement.
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Monitor
Economic Monitor
Bangladesh, with a population of 180 million, expects significant export growth despite ongoing political instability and shifts in global trade. The Ministry of Finance, referencing the World Trade Organization (WTO), forecasts a global trade rebound, predicting a 2.6% growth in 2024 and 3.3% in 2025. Emerging Market and Developing Economies (EMDEs) like Bangladesh are set to outperform advanced economies, with EMDE exports projected to grow by about 4%.
USAID will provide a $15 million grant for the ClimAct Project in Bangladesh, aimed at supporting the country's green and climate-resilient initiatives. The project will assist the Ministry of Environment in implementing the National Adaptation Plan and Nationally Determined Contributions, focusing on policy and planning, accessing finance, and governance of climate actions.
In the first quarter of FY 2024-25, Bangladesh received $846.12 million in foreign aid, a 34% drop from $1.28 billion in the same period last year, according to Economic Relations Division data. Debt servicing surged by 33%, with $1.13 billion repaid, up from $870.46 million in Q1 FY24.Â
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Bizdata Insights is a Market Intelligence, Data & Business Advisory platform in Bangladesh driving the Trade, Business & Investment opportunities in Bangladesh.
We provide Bangladesh Economic & Market Intelligence, Economic, Market & Financial Data of 70+ business sectors of Bangladesh, and offer Business Advisory services for Investors & Business professionals so that they can make intelligent decisions on Investment & Business with confidence.