Interim Govt to Prioritize Effective Use of Foreign Loans

Economic Tag: Debt, Govt.

The Finance Advisor assured that the interim government would focus on optimizing foreign loan utilization by prioritizing key projects. He criticized the previous administration for not effectively using foreign loans due to neglected priority projects. The advisor met with representatives from JICA, ADB, and the Australian High Commission, requesting support for Bangladesh’s reforms and economic development. He emphasized the need for low-cost loans, extended grace periods, and reduced interest rates. The advisor highlighted upcoming budgetary support from ADB and the importance of JICA’s role in infrastructure and disaster management. He also called for increased market access from Australia and emphasized regional trade cooperation. Additionally, the Planning Adviser discussed support with JICA, UNESCO, UNICEF, and UNFPA, seeking enhanced financial and technical aid for education reforms and development.

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