Maintain foreign debt at risk-free limit: HPM Sheikh Hasina

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Published on April 12, 2022
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Prime Minister Sheikh Hasina today directed all concerned to take necessary measures so that Bangladesh can maintain its current position in future regarding foreign debt.

The premier issued the directive 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 Gono Bhaban, said a press release of the Prime Minister's Press Wing.

During the presentation made by National Board of Revenue (NBR) and Finance Division, the reasons of 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.

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

It, however, said special emphasis was given on 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, Principal Secretary to the Prime Minister Dr Ahmad Kaikaus, Bangladesh Bank Governor, Finance Secretary, Economic Relations Division Secretary and Banking Division Secretary, among others, were present.