Bangladesh PM orders to maintain a risk-free foreign debt limit
Bangladesh PM orders to maintain a risk-free foreign debt limit
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DHAKA: Bangladesh Prime Minister Sheikh Hasina on Tuesday directed those responsible to take the necessary steps to ensure that Bangladesh's existing position on foreign debt is maintained in the future, as the country's foreign debt is still "far below" the risk level.

At her official residence Ganabhaban, the premier issued this directive while attending a presentation on "offshore tax amnesty" and "assessment of Bangladesh's macroeconomy against the backdrop of the Sri Lankan economic crisis."

The reasons for the continuing economic crisis in Sri Lanka and its reaction were examined in detail during the presentation by the National Board of Revenue (NBR) and Finance Division, as well as a study of key indicators of Bangladesh's economy in comparison to other nations in South Asia.

 

"After examining various economic indicators, it was determined that Bangladesh's foreign debt is unlikely to be repaid in the medium and long term. Almost all indicators show that Bangladesh's economy is generally solid "a statement said

However, given the abnormal price spiral of fuel, food products, and other things in the international market, a special emphasis was placed on the adoption of an integrated revenue and monetary policy to manage inflation in the home market.

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