Bangladesh Injects an Additional USD 8 Billion Stimulus into Its Economy

Following the announcement of an USD 590 million stimulus package in March 2020, Prime Minister (PM) of Bangladesh, Sheikh Hasina, announced an additional stimulus package of around USD 8 billion, taking the total stimulus to USD 8.5 billion to date, amounting to 2.5% of Bangladesh’s GDP.

The PM expressed hope that the prompt implementation of the new stimulus package would allow Bangladesh’s economy to recover and reach desired economic growth levels. She added that the main aim of the stimulus packages was to introduce financing facilities throughout the banking system.

Reviving economic activities, avoiding downsizing and helping entrepreneurs maintain their competiti...