Bangladesh’s President Mohammed Shahabuddin, a long time ally of ousted Prime Minister Sheikh Hasina, resigned on health grounds, his spokesman said in a statement on Friday.

Bangladesh Finance Minister Amir Khosru Mahmud Chowdhury said the next deal with the International Monetary Fund must safeguard the country’s ordinary citizens and ensure economic security, distancing his government from the terms of an earlier agreement.

A new, $13 billion Russian-built plant could generate 15% of the country's electricity.

Bangladesh is studying a plan to issue its first-ever sovereign bond overseas, as the nation looks for ways to finance its record spending.

Bangladesh’s central bank kept its benchmark interest rate unchanged on Tuesday, opting for caution amid lingering external risks.

The World Bank approved two loans totaling over $1 billion to help Bangladesh cope with volatility in the global fertilizer market and improve food security.

Bangladesh Prime Minister Tarique Rahman will travel to China next week to secure infrastructure financing and deepen trade ties during his first overseas tour since taking office in February.

Inside a new Bangladeshi glass factory with a production floor nearly twice the size of a soccer field, machinery sits wrapped in tarpaulins. At a neighboring steel mill, construction has slowed and production has yet to begin.

Bangladesh’s new government unveiled its first budget on Thursday, outlining record spending to be financed through higher tax revenue and foreign borrowing, as the South Asian nation seeks to revive growth after a period of political turmoil and economic disruption.

Bangladesh is pushing for a fresh lending arrangement with the International Monetary Fund to replace an existing $5.5 billion bailout program that the government says was “designed for a different economic reality.”

Bangladesh’s central bank unveiled a 600 billion-taka ($5 billion) package to boost economic growth, revive shuttered factories and support small businesses.

Bangladesh said it will continue negotiating with the International Monetary Fund on key reforms the IMF has set as conditions for the balance of a $5.5 billion loan, with Finance Minister Amir Khosru Mahmud Chowdhury holding meetings in Washington with the global lender’s officials.

Bangladesh’s central bank sought to reassure investors that the nation’s foreign-exchange market remains stable and the taka faces no immediate risk of depreciation, even as the currency slid to a fresh low against the dollar.

Bangladesh’s central bank sought to reassure investors that the nation’s foreign-exchange market remains stable and the taka faces no immediate risk of depreciation, even as the currency slid to a fresh low against the dollar.

Bangladesh will likely commission its first nuclear reactor within months, a long-delayed start that comes as the government grapples with acute energy shortages caused by war and trade disruption in the Persian Gulf.

Bangladesh will likely commission its first nuclear reactor within months, a long-delayed start that comes as the government grapples with acute energy shortages caused by war and trade disruption in the Persian Gulf.

Bangladesh is seeking about $2 billion in loans from multilateral lenders by June as the new government looks to finance imports of liquefied natural gas and other fuels during the summer, according to people familiar with the matter.

Bangladesh lifted restrictions on fuel sales, boosting supplies ahead of the Eid-ul-Fitr holidays as well as ensuring there’s enough water to irrigate paddy fields.

Food crops are becoming increasingly vulnerable to the energy supply crunch caused by war in the Middle East, with farmers across Asia and Europe facing a scarcity of fuel needed to operate essential machinery.

Some urea producers in India and Bangladesh have shut down plants or moved up annual maintenance after Qatari supplies of liquefied natural gas, a key feedstock, were suspended due to the Iran war.