Dhaka, Nov. 23 -- The Finance Ministry has decided to stop providing fresh debt repayment funds to the state-owned Investment Corporation of Bangladesh (ICB), intensifying pressure on an institution already burdened by years of mounting losses.
The ministry's decision came after reviewing ICB's financial performance, particularly its record Tk 12,000 crore loss in the 2024-25 fiscal year.
The government injected into around Tk 3,000 crore to the ICB in December last year, two-thirds went towards repaying loans, while the remainder was used for market investments.In its latest appeal, ICB sought Tk 13,000 crore in new funds as a final attempt to stabilise its finances.
The Investment Corporation of Bangladesh (ICB) posted a consolidated l...