Bangladeshi PM Orders Taking Steps To Maintain Risk-Free Foreign Debt Limit

Bangladeshi PM Orders Taking Steps To Maintain Risk-Free Foreign Debt Limit

DHAKA, Apr 13 (NNN-BSS) – Bangladeshi Prime Minister, Sheikh Hasina, directed all concerned, to take necessary measures, so that the country could maintain its current position in future, regarding foreign debt, as the amount of foreign loan is still far below the risk limit.

The prime minister issued this directive yesterday, while witnessing a presentation on “offshore tax amnesty” and “review of Bangladesh’s macro economy against the backdrop of Sri Lankan economic crisis,” at her official residence, Ganabhaban.

During the presentation, made by the National Board of Revenue (NBR) and Finance Division, the reasons for the ongoing economic crisis in Sri Lanka and its response were discussed in detail, alongside reviewing various indicators of Bangladesh’s economy, compared to other countries in South Asia, said a press release of the Prime Minister’s Press Wing.

The release said that, analysing the various indicators of the economy, it was seen that, there is no risk of repaying the foreign debt of Bangladesh, in the medium and long terms. Almost all the indices indicate that the economy of Bangladesh is relatively stable.

It, however, said, special emphasis was given to the implementation of an integrated revenue policy and monetary policy, to control inflation in the domestic market in the context of abnormal price spiral of fuel, food products and other items.– NNN-BSS

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