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The Asian Development Bank (ADB) and the World Bank will provide $600 million and USD 500 mn in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday.

Amid the prevailing economic challenges, the implementation coordination committee is gearing up to assess progress on meeting the loan conditions of the International Monetary Fund, or IMF, aiming for the seamless release of the fourth tranche, reports bdnews24.com.

Market reacts to Moody's downgrading Bangladesh's credit rating. The broad market DSEX index went down by 57.41 points (-1.08%) to close at 5,242.66 points at the day's end. Market movement today was driven by negative changes in the market cap of Travel & Leisure, Paper & Printing, and Bank scrips amid positive changes in the market cap of Financial Institutions, Food & Allied, and Telecommunication scrips.

Bangladesh received a substantial USD 1.25 bn in remittances through legal channels during the first sixteen days of November

Market continues the downtrend for the 2nd consecutive day The broad market DSEX index went down by 28.26 points (-0.53%) to close at 5,300.07 points at the day's end. Market movement today was driven by negative changes in the market cap of Travel & Leisure, Paper & Printing, and Bank scrips amid positive changes in the market cap of Life Insurance, Jute, and General Insurance scrips.

Market starts the week in red The broad market DSEX index went down by 27 points (-0.50%) to close at 5,328.33 points at the day's end. Market movement today was driven by negative changes in the market cap of Travel & Leisure, Bank, and Financial Institutions scrips amid positive changes in the market cap of Jute, Life Insurance, and Food & Allied scrips.

The World Bank and the Asian Development Bank are preparing to submit proposals to their boards for USD 1.1 bn in budget support for Bangladesh, finance ministry officials have said.

Bangladesh has received remittance of over USD 7 bn from expatriate citizens in the last three months, official data showed.

Market closes in green for 2nd consecutive day. The broad market DSEX index went up by 39.31 points (0.74%) to close at 5,355.33 points at the day's end. Market movement today was driven by positive changes in the market cap of Paper & Printing, Bank, and Travel & Leisure scrips amid negative changes in the market cap of Life Insurance.

Market closes in green for the 3rd consecutive week. The broad market DSEX index went up by 38.99 points to close at 5,355.33 (0.73%) points at the day's end. Market movement this week was driven by positive changes in the market cap of General Insurance, Fuel & Power, and Miscellaneous scrips amid negative changes in the market cap of Engineering, Travel & Leisure, and Cement scrips.

Market closes the day in green. The broad market DSEX index went up by 17.65 points (0.33%) to close at 5,316.02 points at the day's end. Market movement today was driven by positive changes in the market cap of Life Insurance, Bank, and General Insurance scrips amid negative changes in the market cap of Travel & Leisure, Paper & Printing, and Jute scrips.

An exigent switch from project aid to budget-support loans from bilateral and multilateral development financiers in the interim period will yield some breathing space for Bangladesh's economy, the IMF observes.

Market falls after single winning session. The broad market DSEX index went down by 35.06 points (-0.66%) to close at 5,298.37 points at the day's end. Market movement today was driven by negative changes in the market cap of Travel & Leisure, Bank, and Paper & Printing scrips amid positive changes in the market cap of Life Insurance, Food & Allied, and General Insurance scrips.

Bangladesh Bank (BB) today allowed the import of 11 essential commodities on credit to ensure their smooth supply and reasonable prices during the next Ramadan, scheduled to begin at the end of February.

Bangladesh received remittances totalling USD 655 mn in the first nine days of November, according to the latest report of the Bangladesh Bank. This amounts to an average daily inflow of around BDT 72.8 mn in foreign remittances, reports UNB.