The Asian Development Bank (ADB) will review its nearly $13 billion projects in Bangladesh next week as many are struggling for implementation delays, officials said on Tuesday. All the ongoing ADB-funded projects will be reviewed at the tripartite meeting next week. Any problems are expected to be resolved at the meeting," said a senior official at the Economic Relations Division (ERD).

According to a UN expert, Bangladesh could earn $0.6 billion more annually, as the electronic bills of lading could unlock $30-40 billion in global trade volume if these processes went digital. "Digital trade is crucial not only for Bangladesh but also for global trade efficiency and sustainability," said Rupa Chanda, director at UNESCAP. "The country could reduce trade costs by 11-12 per cent and gain an additional $0.6 billion in exports by embracing digital trade processes."

Bangladeshi nationals spent Tk 4.56 billion through credit cards abroad in May – a 9.89 per cent fall compared to April, but the spending in the US and India has increased. Data published by the Bangladesh Bank on Monday showed that Bangladeshis make the most credit card transactions in India and the US, as per bdnews24.com reports.

The Ministry of Finance on Tuesday issued an explanatory note saying that the recent revision of export data would leave no impact on GDP data or disbursed incentives on export. The Finance Ministry said that the Bangladesh Bureau of Statistics (BBS) calculates GDP growth based on Bangladesh Bank data and similarly the export incentive disbursed by the central bank against repatriation of export proceeds. Before the disbursement of incentive, the central bank audits export information by a third-party audit farm. In both cases, the central bank data that has been used is authentic

India's foreign exchange (forex) reserves reached an all-time high of 657.155 billion US dollars during the week ended July 5, according to weekly data released by the country's central bank, the Reserve Bank of India (RBI).The overall forex kitty rose by 5.16 billion dollars over the preceding week, reports Xinhua

The government claims the export-data mismatch won't change the size of Bangladesh's gross domestic product (GDP) and per-capita income, though economists think different about knock-on effect of the miscalculation. The central bank usually publishes info on export earnings based on the foreign currency actually received from abroad against export of goods and services. And Bangladesh Bureau of Statistics (BBS) considers the central bank's statistics while calculating the GDP. "Thus, the apprehension expressed in the newspapers recently regarding a reduction in GDP growth and per-capita income due to the fall of export earnings is not correct," the statement reads.