City
Epaper

Hasina orders to maintain a risk-free foreign debt limit

By IANS | Updated: April 13, 2022 03:15 IST

Dhaka, April 13 Sheikh Hasina on Tuesday directed all concerned to take necessary measures so that Bangladesh could ...

Open in App

Dhaka, April 13 Sheikh Hasina on Tuesday directed all concerned to take necessary measures so that Bangladesh could maintain its current position in the future regarding the foreign debt, as the amount of foreign loans on the country is still "far below" the risk limit.

The premier issued this directive while witnessing a presentation on "offshore tax amnesty" and "review of Bangladesh's macroeconomy 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.

"Analyzing 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," said a statement.

However, 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. in the international market.

Finance Minister AHM Mustafa Kamal, Prime Minister's Power, Energy, and Mineral Resources Affairs Adviser Dr. Tawfiq-e-Elahi Chowdhury, Prime Minister's Principal Secretary Dr. Ahmad Kaikaus, Bangladesh Central Bank Governor Fazle Kabir, Finance Secretary Abdur Rouf Talukder, NBR Chairman Abu Hena Md. Rahmatul Muneem among others were present.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: National Board of RevenueNbrAhmad kaikausRahmatul muneemasiadhaka
Open in App

Related Stories

InternationalKhaleda Zia, Bangladesh's 3-Time Prime Minister, Dies At 80 After Prolonged Illness In Dhaka

InternationalOsman Hadi Funeral Today: Heavy Security in Dhaka as Supporters Gather at Manik Mia Avenue

InternationalWhy Did Death of Sharif Osman Hadi Trigger Anti-India Protests Across Bangladesh?

CricketBangladesh vs Ireland Test Match Halted After Earthquake Tremors Hit Stadium in Dhaka, Video Surfaces

InternationalEarthquake in Bangladesh: At Least 6 Killed and Several Injured After Quake of Magnitude 5.5 Hits Dhaka

International Realted Stories

InternationalWorld Bank estimates India's growth in FY25-26 at 7.2 per cent

InternationalUN rights chief Volker Turk says he is "horrified" by rising violence against protesters in Iran

InternationalIranian activist Masih Alinejad alleges "war crimes," says regime "slaughtering" unarmed civilians amid protests

International"Rising number of casualties in Iran is horrifying": EU chief von der Leyen

InternationalNew support funding to aid bushfire clean-up in Australia's Victoria