Sunday, May 22, 2022
No Result
View All Result
  • বাংলা সংস্করণ
Shomporko
Advertisement
  • Home
  • News
    • Daily News
    • Feature
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Health
  • Global
  • Bangladesh
  • Interview
  • Article
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • Opinion
    • Columnists
  • More
    • Food & Beverage
    • HISTORY
    • Kids Page
    • Travel
    • HOME DECOR
    • Video
    • Social Media
    • Festival
  • Home
  • News
    • Daily News
    • Feature
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Health
  • Global
  • Bangladesh
  • Interview
  • Article
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • Opinion
    • Columnists
  • More
    • Food & Beverage
    • HISTORY
    • Kids Page
    • Travel
    • HOME DECOR
    • Video
    • Social Media
    • Festival
No Result
View All Result
Shomporko
No Result
View All Result
Home Uncategorized

BD economy shows early signs of recovery: ADB

by Shomporko
September 17, 2020
in Uncategorized
0
BD economy shows early signs of recovery: ADB
0
SHARES
25
VIEWS
Share on FacebookShare on Twitter

The main risk to this growth projection is a prolonged pandemic in Bangladesh or its export destinations.

“Bangladesh’s economy has started recovering from the pandemic. Despite significant pressure on the health and pandemic management systems, the government has managed the economy well with appropriate economic stimulus and social protection measures, ensuring basic services and commodities for the poor and vulnerable,” said ADB Country Director Manmohan Parkash.
“Recent economic performance in exports and remittances, and government’s macroeconomic management including securing foreign funds for economic stimulus and social protection have made this recovery feasible,” he said.

“We are encouraged by the increase in exports and remittances, and hope the recovery will be sustained, which will help in achieving the projected growth rate,” said Parkash.
“Early access to vaccine and continued emphasis on health pandemic management can help sustain this recovery,” he added.
“This crisis is an opportunity to undertake further reforms in resource mobilization, export diversification, employment generation, skills development, as well as social protection; and ADB is working with the government in these areas to provide further support,” he said.

ADB has already provided initial assistance of $600 million in loans and $4.4 million in grants for managing socio-economic impacts of the Covid-19 pandemic and supporting quick recovery. ADB has programmed a $5.9 billion firm and $5.2 billion standby assistance for Bangladesh in 2021-2023.

In FY2021, the government’s fiscal and monetary stimulus measures are expected to boost public and private investment.
The central bank’s expansionary and accommodative monetary policy is expected to aid the projected growth while keeping inflation contained. Strong remittances will stimulate private consumption.
Inflation is expected to stay at 5.5 percent in FY2021, reflecting a good crop outlook and favourable international commodity prices.

Consumer caution and underutilized production capacity should mitigate any upward pressure on prices from the government’s fiscal and monetary stimulus measures.
In its 47-year-long partnership with Bangladesh, ADB has mobilized over $36.6 billion in loans and grants, including co-financing, to help bring better infrastructure, public services, and social development outcomes to the people of Bangladesh.

Photo credit:

News source: The Daily Observer

Previous Post

Trump trusted less internationally than Putin and Xi after U.S. COVID-19 response: global survey

Next Post

Province looking to scale back the size of gatherings in Toronto, Peel, and Ottawa

Shomporko

Related Posts

Uncategorized

Cost of gas in the GTA could hit $2 a litre next month as Russian attack on Ukraine impacts oil prices: analyst

February 24, 2022
Uncategorized

Ontario proposes new law that will require employers to tell workers if they’re being electronically tracked

February 24, 2022
Uncategorized

Ontario reports 887 new COVID-19 cases, 3 more deaths

December 6, 2021
Uncategorized

Ontario reports 438 new COVID-19 cases, 5 more deaths

November 4, 2021
Parents more hesitant to vaccinate kids than themselves, researcher says
Uncategorized

Parents more hesitant to vaccinate kids than themselves, researcher says

October 24, 2021
Calgary Flames program to outfit Saskatchewan Indigenous minor hockey players with new equipment
Uncategorized

Calgary Flames program to outfit Saskatchewan Indigenous minor hockey players with new equipment

August 12, 2021
Next Post
Province looking to scale back the size of gatherings in Toronto, Peel, and Ottawa

Province looking to scale back the size of gatherings in Toronto, Peel, and Ottawa

Logo

Disclaimer:

The editorial team is not responsible for the content of the writing.

Publisher and Editor
Sonia Hoque

General Manager

Rewrite-Man

Reporter

Graphics
Mozammel Sarkar

Address:

Shomporko Magazine

59 Byng ave
Scarborough,
Ontario
M1L3N8

Phone :647-686-5432

 

Email: 
shomporko.magazine@gmail.com
2537765 Ontario Ltd

© 2020 Shomporko – Magazine Develop by RMITtech

No Result
View All Result
  • Home
  • NEWS
    • Daily News
    • Feature
    • Global
    • Politics
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Immigration
    • Canada Education
    • Canada Health
    • Canada Opinion
  • GLOBAL
  • INTERVIEW
  • ARTICLE
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • OPINION
    • Opinion
    • Columnists
    • Legal Advice
  • ARTS
    • Home Decor
    • Sports
  • LIVING
    • Health
    • Food
    • Travel
    • HISTORY
    • Kids Page
  • MORE
    • Video
    • Social Media
    • Festival
  • বাংলা সংস্করণ

© 2019 Shomporko - Magazine Develop by RMITtech.

Translate »