Bangladesh hopes to receive $1 billion from the Worldwide Monetary Fund (IMF) this 300 and sixty five days, and additional toughen has also been requested for the recent three-300 and sixty five days loan program with the worldwide lender, acknowledged Finance Secretary Dr Muhammad Khairuzzaman Mozumder at present time (19 November).
“We hope to receive a thousand million dollars from the IMF within this fiscal 300 and sixty five days. An IMF crew will near in Bangladesh on 4 December for final discussions on this topic,” he acknowledged at some level of a press conference in the Ministry of Finance conference room at the Secretariat at present time (19 November).
Khairuzzaman acknowledged the Asian Type Bank (ADB) will provide $600 million and the World Bank $500 million in budgetary toughen by this December.
Govt to put cash loan courts more lively
The manager is taking steps to put the cash loan courts more lively in recovering default loans, acknowledged Salehuddin Ahmed, finance adviser to the intervening time executive, at some level of the press conference.
“At the an identical time, efforts are being made to expedite the disposal of writ petitions [on default loans] in the Excessive Court,” he added.
Citing that two benches in the Excessive Court are devoted to settling writ cases, Salehuddin acknowledged he talked about with the licensed real long-established and the governor to put distinct these benches focus entirely on dealing with writ cases connected to default loans for the following three months.
No banks will end
All during the press conference, Salehuddin Ahmed acknowledged no banks will seemingly be closed.
“Whereas some banks would possibly per chance continue to warfare, corrections are being made to deal with the unfavourable syndromes in the banking sector. Islami Bank is recovering. The intervening time executive has no scheme of closing any banks,” he acknowledged.
The finance adviser acknowledged one of the crucial main targets of the intervening time executive is to restore lost have confidence in the banking sector and put distinct the protection of depositors.
Citing that good industry of us must not devour any cause to agonize, he acknowledged these that repay their loans successfully and pay their taxes will face no problems.
“These that exploited diverse loopholes at some level of the previous executive’s tenure are these haunted now,” Salehuddin acknowledged.
All during the press conference, Nazma Mubarak, the secretary of the Financial Institutions Division, acknowledged swift measures will seemingly be taken to put distinct the historic banks currently unable to come depositors’ cash can return the cash.
