POBNEWS24, Dhaka, Apr 12, 2022 : The amount of foreign debt of Bangladesh is still far below the risk limit. Prime Minister Sheikh Hasina has instructed all concerned to take necessary steps to maintain this current position of debt in future.
The Prime Minister gave these instructions while witnessing presentations on ‘Offshore Tax Amnesty’ and ‘Review of Bangladesh’s macroeconomics in the context of Sri Lanka’s economic crisis’ at Ganobhaban on Tuesday, a press release from the Press Wing said.
The National Board of Revenue and the Department of Finance presented presentations titled ‘Offshore Tax Amnesty’ and ‘Review of Bangladesh’s overall economy in the context of Sri Lanka’s economic crisis’.
The causes of the ongoing crisis in Sri Lanka and its response were discussed in detail. Various indicators of Bangladesh’s economy are reviewed with other countries in South Asia. Almost all the indices indicate that the economy of Bangladesh is relatively stable. However, in the context of abnormal rise in prices of fuel, food items, etc. in the international market, emphasis has been laid on the implementation of an integrated monetary policy and monetary policy to control inflation in the domestic market created as ‘imported inflation’.
Analyzing the various indicators of the economy, it is seen that in the medium and long term, there is no risk of any major risk in repaying the external debt of Bangladesh. So comparing Bangladesh with Sri Lanka is tantamount to contempt. The amount of foreign debt of Bangladesh is still far below the risk limit and the Prime Minister directed all concerned to continue this trend in the future.
Finance Minister AHM Mustafa Kamal, Adviser to the Prime Minister on Power, Energy and Mineral Resources. Tawfiq-e-Ilahi Chowdhury, Chief Secretary to the Prime Minister. Ahmed Kaikaus, Governor of Bangladesh Bank, Secretary of Finance, Secretary of the Department of Economic Relations and Secretary of the Department of Banking. Among others were present.
After the press conference, the chief secretary said. Ahmed Kaikaus said those who compare Bangladesh with Sri Lanka despise our beloved motherland. It’s very embarrassing. There is no reason for Bangladesh to be Sri Lanka. We are in a very good position in all the indicators of the economy.
