2024-07-02 00:14:07
Overseas Minister Dr. Hasan Mahmud mentioned that overseas dependence has been decreased so much within the growth price range. Now we flip down many overseas mortgage proposals if they don’t seem to be appropriate or fascinating for our nation. We’ve achieved that functionality below the management of Prime Minister Sheikh Hasina. Nevertheless, contemplating varied elements of the nation and international economic system, some overseas loans must be taken.
On Sunday (June 30) afternoon, the Jatiya Sangsad addressed reporters after the Tk 7,970,000 crore price range was unanimously handed with the slogan ‘Good Bangladesh’s dream within the cycle of sustainable growth’. The minister mentioned this in response to a query in regards to the extent of overseas dependence within the price range.
The overseas minister mentioned that when in the course of the BNP interval, earlier than the price range, the finance minister needed to go to the Paris consortium with a begging bag. Throughout their time, particularly within the growth price range, overseas dependence was greater than 50 p.c. As we speak it has come all the way down to 15-20 p.c. We’ve turned again mortgage proposals from the World Financial institution and lots of others.
Hasan Mahmud mentioned that some overseas loans must be taken for the sake of general and international economic system. For instance, we’re companions of World Financial institution, Asian Improvement Financial institution. There’s provision for us. Should you do not take it, it lapses, so it’s a must to take it on a case-by-case foundation.
Terming the criticism of the price range as conventional, the overseas minister mentioned that each time after the price range is proposed and handed, a bunch says that the price range is formidable and never implementable. However within the final 15 years, our price range implementation price is 92 to 96 p.c. The nation has progressed, the per capita earnings of the individuals has elevated, poverty has come down from 41 to 18.5 p.c and excessive poverty from 25.5 to only 5 p.c, the typical GDP has surpassed that of India and way back surpassed that of Pakistan. Most significantly, our growth progress is being appreciated globally right this moment.
In the meantime, the overseas minister is leaving for Riyadh early Monday morning to attend the ‘political session’ of overseas minister degree with Saudi Arabia. Requested about this, he mentioned, Saudi Arabia is our large growth companion. About 3 million Bangladeshis dwell there and ship remittances to the nation. We’ve Saudi cooperation on varied points together with inexperienced power, solar energy, port administration. We’ll inform them to put money into trade.
In addition to, for the reason that Saudis preserve cash in banks of various nations, we will provide them to maintain cash within the offshore accounts of our nation’s banks, the overseas minister mentioned, noting that they’ll get revenue as per guidelines and so they can do transactions of their foreign money from that account. We wish to spotlight that now we have opened the window of offshore account facility for overseas people, establishments, expatriate Bangladeshis.