Bd seeks major portion of $10 billion Corona Fund

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Bd seeks major portion of $10 billion Corona Fund

Bangladesh is expecting a major portion of US$10 billion assistance announced by the World Bank and IMF for least developed countries to fight against Covid 19.

Finance Minister AHM Mustafa Kamal has said when he was talking with the World Bank and International Monetary Fund (IMF) representatives about possible strategy and level of assistance for Corona Virus situation over a teleconference at National Economic Council Auditorium today.

The ministry issued a press release after the meeting said the multilateral agencies have already announced a $50 billion assistance to fight against Corona virus, The World Bank has created a $14 billion fund to tame the negative impact of the COVID 19. The minister said the virus will attract Bangladesh economy through multiple stages.

“First of all the major readymade garment industry of Bangladesh is apparel sector which will be effected mostly due to cancellation of orders from all the European buyers,” the minister said.

“Construction work of our megha projects like Padma Bridge will be hampered and lasted for further delay and our remittance earner people returned from different countries which also hindered remittance in future,” Mustafa Kamal said,

Mustafa Kamal called the development partners to come forward the country so that it can sustain its growth and development in the coming days.

The video conference was attended by the National Board of Revenue  Chairman Abu Hena Md Rahmatul Munim, Financial Institution Division Senior Secretary Md. Asadul Islam, Finance Secretary Rouf Talukder and ERD Secretary Fatima Yeasmin. Bangladesh Bank Governor Md. Fazle Kabir also attended from his office.

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