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BRAC Bank excels in disbursing the stimulus package to CMSMEs

BRAC Bank has completed its disbursement process of the Tk 20,000-crore stimulus fund for the cottage, micro, small and medium enterprises (CMSMEs). The bank is one of the first three banks in the country to have completed the process, a press release said. As of December 3, banks have disbursed about

US economic suffering may rise without stimulus: Fed minutes

WASHINGTON (AFP) US central bankers including Fed Chair Jerome Powell have been gently prodding Washington lawmakers for more stimulus/Photo: Reuters Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its recovery from the pandemic, according to minutes

US officials more optimistic on stimulus, timing unclear

WASHINGTON (AFP) Nancy Pelosi (AP Photo/J. Scott Applewhite) Chances for approving a new spending package to support the US economy improved dramatically on Tuesday after the senior Democratic lawmaker said a bill is in the works and the top Senate Republican said he would bring it to a vote. Both sides