Dhaka, March 5 -- Bangladesh's balance of payments (BoP) has seen a notable improvement, bolstered by a strong foreign savings position, removing the need to seek external loans through undue dependence, Bangladesh Bank Governor Ahsan H Mansur stated on Tuesday.

"We will not compromise. Our external financial position is now very strong," he asserted during a roundtable discussion titled Path to Recovery for the Banking Sector, organised by The Business Standard at its office in the capital.

The governor projected that Bangladesh's remittance income for the current fiscal year would reach approximately $29 billion.

Additionally, if export earnings reach $50 billion, the country would still maintain a surplus of $10 billion after coveri...