Bangladesh’s 11.8 billion-dollar bailout packages to cover every sector
April 15th, 2020 at 8:53 pm
Bangladesh’s 11.8 billion-dollar bailout packages to cover every sector

Staff Correspondent :

Dhaka – Bangladesh has altogether allocated a 1 trillion-taka (worth nearly 11.8 billion dollar) stimulus package to cushion the shock of novel coronavirus pandemic that halted maximum economic activities of the country.

Prime Minister Sheikh Hasina said on Wednesday that the packages announced by her government will be used for saving the economy and the people as a whole during the crisis stemming out of the virus.

“We have declared various financial stimulus packages of around one lakh crore taka,” Hasina said.

It is not only overcoming the crisis of today, but also for the next three years so that all can run their business and industries properly after the bad time is over, the prime minister said.

Bangladesh began a shutdown at non-essential offices on March 26 to prevent spread of the virus that killed at least 50 people and infected more than 1,200 as of Wednesday.

Prime Minister Sheikh Hasina announced a bail out package

The allocation of the packages is worth about 3.3 percent of the GDP, said the prime minister adding that these packages are for all the people ranging from the farmers, day labouerers, rickshaw pullers and small traders to the industrialists.

She said this joining a donation handover ceremony through videoconferencing from her official residence Gonobhaban. She called upon the businessmen to try their best to prevent losses because of the virus.

Hasina also asked the affluent people to distribute relief materials in coordination with the government agencies.

The premier reiterated her stance on taking tougher actions against the relief goods plunderers, irrespective of their political ideology.

Noting that measures have been taken in case of any irregularity regarding relief distribution, she said such problems have been seen in five to seven places although there are over 4,500 unions across the country.