Bangladesh Announces BDT 50 Billion Stimulus Package to Assist Exporters and Counter COVID-19 Impact

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Bangladesh has announced a BDT 50 billion (USD 590 million) stimulus package in an initiative to assist the country's export-oriented industries to counter the economic impact of the COVID-19 pandemic.

In a televised address, the Prime Minister (PM) of Bangladesh, Sheikh Hasina stated that emergency measures have been taken considering the significance of export-oriented industries to Bangladesh’s economy and the immediate threats to the exports industry due to the on-going COVID-19 crisis. She said that the fund can be utilized only for the payment of wages and allowances to readymade garment employees.

The Prime Minister added that Bangladesh’s Central Bank would take a...