World Bank lends $500m to boost dairy, livestock production The World Bank has approved a loan worth US$ 500 million to improve livestock and dairy production in Bangladesh so that the country can meet the growing demand for egg, meat and milk and thereby improve the nutritional intake of its

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.58% (Apr 24’19) 4.59% (Apr 17’19) 0.01% Call Money Lending (Crore BDT) 3,785.98 (Apr 24’19) 2,768.90 (Apr 17’19) 36.73% Prices Weighted Average Deposit Rate 5.34% (Apr 25’19) 5.34% (Apr 18’19) 0.00% Weighted Average Lending Rate 9.49% (Apr 25’19)

50m Euro loan fund at BB for RMG sector The government, in support with Agence Francaise de Developpement of France, has constituted a loan fund in Bangladesh Bank worth 50 million euro to support safety remediation, environmental and social up-gradation of readymade garment factories. Under the Programme to Support Safety

April remittance flow drops 7.0% Remittance inflow fell nearly 7.0% in April from the previous month’s mark, mainly because of sluggish development activities in the Middle-East, officials said. Besides, devaluation of the currencies of the United Kingdom, Singapore and Malaysia against the US dollar also worked as a damper in

Bangladesh Bank may approve City Bank’s share sale to IFC Bangladesh Bank considers allowing City Bank to sell its 5% equity shares to International Finance Corporation, the private sector arm of the World Bank Group, about eight months after the signing of the deal. The development came after a meeting