As per the latest updates, Bangladesh has confined foreign trips of government authorities underworking and improving financial plans with regards to post-Covid-19 economic relief and a continuous worldwide crisis.
The country’s Ministry of Finance Thursday gave a notice saying that a wide range of foreign excursions, including openness visits, concentrate on visits, studios and classes for all administration authorities will stay halted until additional notification in a bid to lessen the strain on the country’s forex hold.
It said the request will be taking effect right now and will be pertinent for both turn of events and functional financial plan. The move came a day after the national bank of Bangladesh hardened its principles for extravagance and superfluous imports like games utility vehicles, clothes washers, climate control systems and coolers.
The twin moves are likewise expected to apparently shield the Bangladesh’s foreign cash holds, which as of late have boiled down to under $42 billion, still to the point of covering the country’s five-month import bills.
For a developing economy like Bangladesh, forex saves comparable to a half year’s import bills are viewed as satisfactory. Bangladesh’s foreign trade holds crossed the $48 billion imprint in August last year, the most noteworthy ever throughout the entire existence of the country, because of a log jam in imports and rising settlement and commodity income during the pandemic.
Meanwhile, in another update, the third joint board meeting between Bangladesh and India on the quiet utilization of nuclear power was held in Dhaka on 11-12 May.
The Indian assignment, driven by Shri Ranajit Kumar, head of Nuclear Controls and Planning Wing (NCPW) in the Department of Atomic Energy (DAE), and the Bangladesh appointment drove by Md Ali Hossain, extra secretary (NP) of the Ministry of Science and Technology, went to the gathering, said an official statement gave from the Indian High Commission in Dhaka.
The different sides communicated fulfillment at the continuous coordinated effort on the Rooppur Nuclear Power Plant project and talked about roads to additional upgrade joint collaboration in the area of science and innovation.
