The government is going to begin clearing arrears to fertiliser importers and independent power producers (IPPs) from today by issuing special bonds with a maximum interest rate of 7.5 percent.
Bangladesh has failed to meet the International Monetary Fund’s target on keeping $17.78 billion as the minimum net international reserve as of December 31 last year.
The Finance Division is set to issue special bonds of about Tk 26,000 crore to clear mounting arrears to independent power producers and fertiliser suppliers.
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