Welcome to Business Outlook
Related Articles
The government has no plan at present to increase interest rates on family savings certificates, Finance Minister AHM Mustafa Kamal told parliament today.
The interest rate on family savings bonds may be re-fixed considering the investment situation, he said.
In response to a lawmaker’s queries, Kamal said foreign financing decreased in the current financial year compared to the previous year.
Bangladesh received $3.26 billion from various development partners in the last financial year.
The amount of external finance is likely to drop to $2.23 billion during the current fiscal year 2022-23.
The government undertakes various reform activities for the sake of rapid economic development, the minister said.
To accelerate the implementation of these reforms, international development agencies provide finance to the government in the name of budget support.
Therefore, it is not the case that the government is taking budget support to deal with the global economic crisis caused by the war between Russia and Ukraine, the minister said, adding that it is an ongoing process.
In response to another query, Kamal said that 53 projects worth $15 billion are currently underway with the financing from the World Bank.
In reply to another query, Kamal also said there is no plan to provide interest-free loans to farmers as part of agricultural support to increase crop production.
(TDS)
