Rejaul Karim Byron

Three years after the construction of the Dasherkandi Sewage Treatment Plant, nearly half of its treatment capacity remains unused during the dry season because Dhaka Wasa has yet to build the sewerage network needed to deliver wastewater to the facility, according to an Implementation Monitoring and Evaluation Division (IMED) report.

Govt scraps provision in Bank Resolution Act

The government may implement the Ninth Pay Scale in two phases, with the full increase in basic salaries likely to take effect from July and increased allowances to follow the next fiscal year, finance ministry officials have said.

Bangladesh has secured about $3.11 billion in emergency budget support from four development partners, including the World Bank and the Asian Development Bank, this month to cushion the economic fallout from the US and Israel’s war on Iran.

Ministries instructed to review projects with less than 30% progress and scrap those no longer viable

Proposes draft law after banking woes identified as obstacle to $1tn economy ambition

The World Bank has warned that Bangladesh’s distressed banking sector remains the biggest obstacle to the government’s ambition of becoming a trillion-dollar economy by 2034.

The government’s external debt servicing burden is projected to almost double to $7.6 billion in FY29 from $4.11 billion in FY25 as rising interest payments, shorter loan maturities, and repayments for several mega projects begin to weigh on public finances.