Prime Minister instructs to maintain the position of foreign debt
Own Correspondent, Dhaka, April 13: 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 the instruction while addressing a press conference at Ganobhaban on Tuesday on 'Offshore Tax Amnesty' and 'Review of Bangladesh's Macroeconomy in the Background of Sri Lanka's Economic Crisis', a press release issued by the Prime Minister's press wing said.
The National Board of Revenue and the Finance Department presented presentations entitled '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 repaying the foreign debt of Bangladesh. 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 Dr. Tawfiq-e-Ilahi Chowdhury, Chief Secretary to the Prime Minister Dr. Ahmed Kaikaus, Governor of Bangladesh Bank, Finance Secretary, Secretary of Economic Relations and Secretary of Banking Department were present.