Bangladesh mulls taking out loans from international lenders to tackle crisis – The Sun Nigeria

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Bangladesh is considering taking loans from international lenders as a precautionary measure to deal with any crisis in advance, a senior official said on Thursday.

Ahmad Kaikaus, principal secretary in the Prime Minister’s Office, said the government had not sought a bailout, but rather was considering taking pragmatic steps ahead of time to deal with the country’s uncertain situation. due to the adverse effects of external factors.

He said the world was heading into an economic recession and facing monetary inflation.

“In addition, the supply chain is disrupted. In this context, the government is considering taking loans from international lenders as a precautionary measure to deal with any crisis in advance,’ Kaikaus said.

According to him, the Ministry of Finance and the Economic Relations Division are in talks with international lenders on whether the supply chain is disrupted.

He indicated that a first proposal had been made and that further discussions would take place in the coming days, but that nothing had yet been finalized for this purpose.

Hailing the government’s efforts for the country’s development, he said that Bangladesh is currently standing at a unique height as it is experiencing rapid growth.

On the reduction in inflation in July along with the rise in exports at the same time, he said that everything is possible thanks to the timely measures taken by the government. (Xinhua/NAN)

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