Bangladesh Bank in a tight spot
It may need to continue expansionary monetary policy, which is creating excess liquidity amid lower credit demand
The central bank plans to continue its expansionary monetary policy in the second half of the current fiscal year because of the persistent business slowdown caused by the coronavirus pandemic.
The monetary policy committee of the central bank will sit on January 31 to decide whether the unconventional tools of the policy will be revised, said a number of central bankers with direct knowledge about the matter.
The major targets of the monetary policy for 2020-21 will not change to a large extent given the economic hardship, they said.
Pandemic pushes 42pc into poverty
Finds a survey on 5,577 households
STAR file photo Staff Correspondent Staff Correspondent
Forty-two percent of 5,577 households covered by a nationwide survey were found below the poverty line, according to the findings of the study released yesterday.
South Asian Network on Economic Modeling (SANEM) carried out the survey over November and December last year to find out how the socio economic condition of the families changed because of the pandemic
The non-profit organisation had interviewed the same group of households in 2018 and had found 21.6 percent of them to be below the poverty line. This shot to 42 percent last year.
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Govt trying to revive trade through stimulus packages: Tipu The New Nation
Business Desk :
Commerce Minister Tipu Munshi on Sunday said that the government is trying to revive the country s trade and commerce, which was affected due to COVID-19 pandemic, through various stimulus packages announced by Prime Minister Sheikh Hasina.
In the medium-term, he suggested that Bangladesh should look for new markets through product diversification.
The commerce minister said this while addressing a virtual dialogue on Recovery of the Apparels Sectors from the COVID-19 Crisis: Is a Value Chain based Solution Possible? . The dialogue was organised by the Centre for Policy Dialogue (CPD) in partnership with Southern Voice, said a CPD press release.
said that the government is trying to revive the country’s trade and
commerce, which was affected due to COVID-19 pandemic, through various
stimulus packages announced by Prime Minister Sheikh Hasina.
In the medium-term, he suggested that Bangladesh should look for
new markets through product diversification.
The commerce minister said this while addressing a virtual dialogue
on “Recovery of the Apparels Sectors from the COVID-19 Crisis: Is a
Value Chain based Solution Possible?”.
The dialogue was organised by the Centre for Policy Dialogue (CPD)
in partnership with Southern Voice, said a CPD press release.
The commerce minister also called for a collective effort from the
Eight FYP should focus on rationale demand projection: CPD
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demand projection, cleaner energy mix, rise in efficiency and better
quality of transmission and distribution in the power sector, said
experts at a virtual discussion today.
They said improvement of transmission and distribution of
electricity should be a major focus of the power sector during the 8th
FYP period. Focus should also be given on strengthening the capacity
of implementing renewable energy projects, and both traditional and
non-traditional renewable energy projects should get priority in the
upcoming policy document.
titled “Reflections of the Power Sector in the Upcoming 8th Five Year