UK-India trade negotiations to resume in the new year

Bangladesh, the world`s second-largest garment producer, has opted to bypass India and ship its textiles to global markets through the Maldives, hurting the cargo revenue prospects of India`s airports and ports amid strained bilateral ties.

The International Monetary Fund (IMF) is sending a team within the first week of December to review whether Bangladesh qualifies for the fourth tranche of a 4.7 billion Us dollar loan programme.

Ambassador of the European Union (EU) to Bangladesh Michael Miller has said there are many opportunities to work more on renewables in a country like Bangladesh which has a low amount of renewable capacity.

After the World Bank, the International Monetary Fund (IMF) has now brought down Bangladesh`s growth forecast for this year as political uncertainty, industrial unrest and floods weigh heavily on economic activities.

The European Commission has announced new funding to support humanitarian projects in Bangladesh, Myanmar, Indonesia and Malaysia.

The global prices for different varieties of rice dropped on Monday after India and Pakistan made tit-for-tat moves to eliminate price caps and resume rice exports.

The Asian Infrastructure Investment Bank (AIIB) will provide Bangladesh with 700 million US dollar in budget support in the current fiscal year.

The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Bangladesh in implementing essential reforms and policy measures to address emerging economic challenges.

UN Under Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States Rabab Fatima has met Chief Adviser Prof Muhammad Yunus and assured him of her office`s full support for Bangladesh`s smooth transition toward LDC graduation.

Bangladesh, along with other least developed countries (LDCs), will enjoy zero-tariff access when exporting any product to China from December 1 this year.

Bangladesh`s interim government on Saturday withdrew its ban on the export of Hilsa fish to India and announced that it will export 3,000 tonnes of Hilsa during the upcoming Durga Puja festival, which will take place from October 9 to 13.

The World Bank could provide a total of 2 billion US dollar in support to Bangladesh in the current fiscal year 2024-2025, which would include budget support and project assistance, said Martin Raiser, vice president for South Asia at the World Bank.

An International Monetary Fund (IMF) delegation due to arrive later this month will assess Bangladesh`s potential financial needs as the country sought a fresh 3 billion US dollar loan from the multilateral lender.

Bangladesh is urgently seeking $5 billion in financial assistance from key international lenders to stabilize its declining foreign exchange reserves, interim government head Muhammad Yunus announced on Wednesday.

India`s global trade share has not kept pace with its economic growth, with Bangladesh and Vietnam overtaking the nation as low-cost manufacturing and export hubs, according to the World Bank`s recent report.

Pakistan’s economic growth is set to rise gradually in the long run, though the nation’s inability to tackle deeper structural issues like corruption and reduced geopolitical relevance could limit the upside, according to Bloomberg.