2024-06-24 01:52:57
The quantity of financial institution assure given to numerous organizations is growing yearly to maintain the event actions of the federal government shifting. Within the outgoing 2022-2023 monetary 12 months, the quantity of collected financial institution assure given by the federal government to numerous home and overseas banks, monetary establishments and firms has stood at 1 lakh 17 thousand 94 crores.
In line with the sources of the Monetary Establishments Division, on the finish of the final monetary 12 months 2022-2023, the standing of collected financial institution ensures of the federal government was 98 thousand 591 crores and 29 lakhs. That’s, the federal government’s financial institution assure standing has elevated by 18 thousand 502 crore 74 lakh taka within the area of 1 12 months. Amongst these, most financial institution ensures have been given within the energy sector. The quantity of which is greater than 53 thousand crore rupees. Right here once more, the federal government has to offer greater than twice the financial institution assure for overseas loans than for home loans.
It’s recognized that the federal government ensures this financial institution in opposition to home and overseas loans of assorted state-owned establishments. Right here it’s mentioned that if these establishments fail to repay the mortgage, will probably be paid by the federal government. It’s thought of a hidden legal responsibility of the federal government.
It has been reported that the associated departments and organizations of the federal government in varied sectors, together with the institution of energy crops and the implementation of assorted improvement initiatives within the energy sector, import of fertilizers, import of gas oil for Bangladesh plane, distribution of agricultural loans and import of every day requirements, have obtained from home and overseas banks and monetary establishments and donor organizations. These loans have been taken at completely different occasions since 2004. In opposition to this, the federal government needed to give a financial institution assure.
Sectoral assessment of financial institution ensures reveals that the ability sector is on the high of financial institution ensures. In opposition to 17 initiatives on this sector, the whole collected assure stands at Tk 53 thousand 596 crore 25 lakh. On the finish of the final monetary 12 months (2022-2023), the whole collected assure standing on this sector was 51 thousand 496 crore 32 lakh taka.
In line with the assessment, the utmost assure has been given as a single venture to the ‘Maitri Tremendous Thermal Energy’ venture beneath the mortgage of ‘Exim Financial institution of India’. A assure of 16 thousand 819 crore 70 lakh taka has been given for the implementation of this venture (the quantity was 14 thousand 820 crore 76 lakh taka on the finish of June 2023).
Within the energy sector, the second place of assure is ‘Payra 1320 MW Thermal Energy Plant’. The venture is being carried out by ‘Bangladesh-China Energy Firm Non-public Restricted’. A mortgage has been taken from Exim Financial institution of China for the development of this plant. Authorities has given assure in opposition to 50% of this mortgage. The quantity of assure is 16 thousand 407 crore 69 lakh taka (on the finish of June 2023 its quantity was 16 thousand 905 crore 81 lakh taka).
The third place of assure given by the federal government is ‘Patuakhali 1,320 MW thermal energy plant’ beneath implementation by ‘Rural Energy Firm Restricted’ and ‘Norinco Worldwide Energy Restricted’. Financial institution assure of seven thousand 156 crore 45 lakh taka has been given for the implementation of this venture (the quantity was 4 thousand 600 crore 56 lakh taka on the finish of June 2023). The venture is being carried out with a mortgage from Exim Financial institution of China.
Amongst different vital initiatives within the energy sector – 2 thousand 855 crores 72 lakhs to ‘Exim Financial institution of China’ for the implementation of ‘Khulna 330 MW Twin Gas Mixed Cycle Energy Undertaking’; 1 thousand 374 crore 26 lakh taka to ‘Japan Financial institution for Worldwide Cooperation’ for implementation of ‘Bibiana-111-300-450 MW Fuel Based mostly Mixed Cycle Energy Plant Undertaking’ by ‘Bangladesh Energy Growth Board’; 1 thousand 271 crores 39 lakhs to HSBC Financial institution for implementation of ‘Ghorashal third Unit Re-Energy Undertaking’; 1 thousand 247 crores 4 lakhs to ‘Commonplace Chartered Financial institution’ for implementation of ‘Sirajganj 225 MW Mixed Cycle Energy Plant (third Unit-Twin-Gas) Undertaking’ by Northwest Energy Era Firm Restricted; 1 thousand 95 crore 69 lakhs to ‘ICBC Financial institution China’ for implementation of ‘Ghorashal 365 MW CCPP Undertaking’ and 1 thousand 21 crore 41 to ‘ICBC Financial institution China’ for implementation of Bara Pukuria 275 MW Coal Based mostly Thermal Energy Plant Enlargement (third Unit) Undertaking’ A assure of Rs.
Amongst different sectors assured, the second high record of financial institution ensures within the monetary 12 months 2023-2024 is ‘Bangladesh Agricultural Growth Company (BADC). In opposition to the import of fertilizers, the quantity of assure on this sector has elevated by about 5 thousand 816 crores in a span of 1 12 months. Within the present monetary 12 months, the standing of assure given to state-owned Sonali and Janata Financial institution on behalf of BADC stands at 18 thousand 985 crore 48 lakh taka. Within the final monetary 12 months 2022-2023, its quantity was 13 thousand 169 crore 53 lakh taka.
As well as, 10 thousand 113 crores to Japan’s JBIC and MUFG and Hong Kong’s HSBC Financial institution for the implementation of Ghorashal-Palash Urea Fertilizer Manufacturing facility Undertaking; BCIC to 4 state-owned banks (Tk 4,801.57 crore to Sonali Financial institution, Tk 1,616.58 crore to Janata Financial institution, Tk 1,136.40 crore to Agrani Financial institution and Tk 1,433.90 crore to Krishi Financial institution) A complete of 8 thousand 988 crore 45 lakh taka; 7 thousand 660 crore 80 lakhs to Bangladesh Financial institution in favor of BPC for import of refined and crude gas oil. A complete of Tk 7 thousand 399 crore 18 lakh in opposition to 17 ensures to Bangladesh Biman for the acquisition of assorted tools together with the acquisition of plane; A assure of Tk 3,573 crore 28 lakh has been given to BKB and Rakab for agricultural loans and Tk 2,432 crore 11 lakh has been given to the state-owned Sonali-Rupali Financial institution in favor of TCB.