Bangladeshi PM orders taking steps to maintain risk-free foreign debt limit

0 Comment(s)Print E-mail Xinhua, April 13, 2022
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DHAKA, April 13 (Xinhua) -- Bangladeshi Prime Minister Sheikh Hasina has directed all concerned to take necessary measures so that the country could maintain its current position in future regarding the foreign debt, as the amount of foreign loan of Bangladesh is still far below the risk limit.

The prime minister issued this directive on Tuesday 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, Bangladesh's state-run news agency BSS reported.

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 analyzing 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. Enditem

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