The International Monetary Fund (IMF) has cautioned that while Sri Lanka has made notable progress in its economic recovery, the nation is still vulnerable and must work to protect the hard-earned gains it has achieved so far, the President’s Media Division said. Speaking at an IMF press briefing on September 12, Director of the IMF […]
Read MoreAsian Development Bank (ADB) will provide 1.5 billion US dollars to reform the banking sector of Bangladesh. Another 400 million dollars will be received by next December as budget support. This was confirmed by ADB’s country director in a meeting with finance advisers on Sunday. At the end of the meeting, financial adviser. Salehuddin Ahmed […]
Read MoreMongolia’s banking sector grew by 30 percent in the first half of 2024. Amar Lkhagvasuren, Executive Director of the Mongolian Bankers Association, noted during the presentation of the Association’s review on the sector for the first half of 2024 that the increasing credit growth, while GDP is at 5 percent and inflation is at 5.5 […]
Read MoreSri Lanka has recorded a 4.7% growth in gross domestic product (GDP) in the second quarter of 2024, marking the fourth consecutive positive growth following six quarters of contraction since 2022, according to the State Minister of Finance. “This recovery reflects the effectiveness of ongoing reforms,” State Minister Shehan Semasinghe said in a post on […]
Read MoreWork is underway to open a branch of China’s biggest bank, the Industrial and Commercial Bank of China (ICBC), in the Maldives, according to Maldivian Economic Minister Mohamed Saeed. Founded in 1984, ICBC is now the world’s largest bank in terms of total assets. In an interview to Public Service Media (PSM) on Friday, Saeed […]
Read MoreBhutan needs to diversify its economy beyond the hydropower sector alongside reforms in agricultural and financial sectors for long-term growth and job creation for youth, according to the World Bank’s new report ‘Bhutan Country Economic Memorandum’. The World Bank’s Resident Representative for Bhutan, Adama Coulibaly, said that economic diversification is crucial for Bhutan to increase […]
Read MoreThe government of Maldives has signed a Memorandum of Understanding (MoU) with the People’s Bank of China (PBOC) which establishes the framework for the settlement of current account transactions and direct investment in local currencies. With Maldives facing a shortage of US Dollars, the current administration is undertaking efforts to execute such agreements with friendly […]
Read MoreThe Government of Mongolia held its regular session on September 11, 2024. In line with the approval of the 2024-2028 Action Program of the newly formed Joint Government, established as the result of the 2024 parliamentary elections, Prime Minister Oyun-Erdene Luvsannamsrai issued a directive to ensure the implementation of socially and economically significant projects and […]
Read MoreThe Chief Advisor of the Interim Government has reiterated his determination to build a new Bangladesh with people from all walks of life. Muhammad Yunus. He said that we want to make use of the opportunity given by the students to change Bangladesh from rotten Bangladesh to a new and fresh one. On the other […]
Read MoreAfter the commencement of the TAPI project in Afghanistan, it is expected that upon its completion, the country’s gas needs will be met, and Afghanistan’s revenues will increase as well. This project, which holds significant importance at the regional level, will not only provide employment opportunities for over twenty thousand people but also supply the […]
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