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Business & Economy

IMF urges tight monetary policy and deeper banking reforms

The IMF says Bangladesh should maintain tight monetary policy while strengthening revenue collection and repairing its financial sector. Talks on a new lending programme continue. The fund’s priorities include reducing banking weaknesses and raising government revenue; the discussions do not amount to approval of a new loan.

From 16 October 2026 — Daily Brief

16 OCT 2026 · 06

Bangladesh should maintain tight monetary policy and press ahead with reforms to its banks and revenue system, the International Monetary Fund said on 15 October.

At a briefing, IMF mission chief Sonali Jain-Chandra identified stronger revenue collection and financial-sector reform as priorities in discussions on a new lending programme. The fund’s assessment links the immediate need to contain inflation with longer-term weaknesses in public finances and banking.

Government revenue is equivalent to roughly 7 per cent of gross domestic product, leaving limited room for spending. The IMF wants the revenue base strengthened alongside measures to address vulnerabilities in the financial system.

Bangladesh requested a new programme in May, and an IMF mission visited in July. Discussions are continuing; no new financing package was approved at the 15 October briefing.

Business & Economy

Mongla rally backs solar expansion and demands Sundarbans safeguards

Speakers at a Mongla rally urged faster solar expansion alongside stronger protection of the Sundarbans. Khulna’s city administrator outlined the planned 442MW Rampal solar project. Environmental campaigners welcomed it while pressing for cancellation of nearby coal and proposed LNG projects, keeping ecological safeguards central to the debate.

Business & Economy

Oil climbs as Middle East supply fears intensify

Oil rose as traders weighed threats to Middle Eastern supplies and shipping. Brent exceeded $114 a barrel during 23 October trading, with further gains later in the session. Analysts pointed to risks from a wider conflict and uncertainty over how quickly disrupted transport routes could recover.

Business & Economy

Gold falls another Tk2,158 per bhori as BAJUS cuts prices again

BAJUS cut the VAT-inclusive price of 22-carat gold by another Tk2,158 per bhori to Tk224,182, effective from 10am on 23 October. The reduction follows the previous day’s cut. Silver also became cheaper, while jewellery-making charges remain dependent on the design.

Business & Economy

Tk592 crore Titas gas-well proposal set for ECNEC review

A Tk592 crore proposal for two Titas gas wells is scheduled for ECNEC consideration on 25 October, officials disclosed on 22 October. The wells could add about 30 million cubic feet of gas daily. Government and company funds would finance the project; approval and future production remain pending.

Business & Economy

Gold price falls as BAJUS cuts rates by Tk1,691

BAJUS cut the price of 22-carat gold jewellery by Tk1,691 per bhori to Tk226,340, including VAT, from 10am on 22 October. The association cited lower local pure-gold prices. Other gold categories and silver also fell. This was the second gold-price cut in nine days; one bhori equals 11.664 grammes.

Business & Economy

Bangladesh and Algeria discuss energy imports and wider industrial cooperation

Bangladesh and Algeria discussed energy imports, fertiliser supplies and textile cooperation in Algiers on 22 October. Officials said a hydrocarbon memorandum signed earlier could support government-to-government fuel trade, infrastructure and training. The talks set out areas for cooperation without announcing a quantified shipment or completed commercial supply contract.