Jumbangla Desk: The Central Bank has paid off one and a half billion dollars of debt in two months without spending any money from the reserves. As a result, the uncertainty in the import of goods has started to decrease. The governor of the bank said that the country's economy will return to a more positive trend after settling all liabilities by December. He advised to be patient instead of thinking about investment and growth at the moment.

Loan

Almost all petroleum products including fuel oil, gas, coal have to be imported from various sources. About 9 billion dollars were spent on it in the last financial year. In addition, dependence on electricity and fertilizers is also increasing. But, when the dollar crisis started over the last couple of years, those expenses could not be paid on time.

In this reality, Adani, including Kafco, owes Chevron and BPC more than two hundred billion dollars to several foreign companies. However, in the last two months, the central bank has paid the arrears of one and a half billion without touching the reserves. The governor hopes to settle the remaining part within a couple of months.

Bangladesh Bank Governor Dr. Ahsan H. Mansoor said that the government had unpaid, unfulfilled liabilities of 2.5 billion. It was a dollar. We reduced that to 700 million. A lot of money has been paid for fertiliser, for electricity, for Adani-Chevron. Everyone's debt has been reduced somewhat. Our goal is to reduce debt to zero within the next two months. Then the liquidity in the market will increase.

After paying these dues, the pressure on financial management will be reduced. Which will speed up the overall activity. At the same time, preparations are underway to raise another $10 billion in loans from various institutions. But, the governor is a bit worried about the current 103 billion foreign debt and the continuous increase in repayment pressure. He said, patience should be taken for at least one year to handle the situation.

The Governor of Bangladesh Bank also said that if I get 2-3 billion more from the IMF, I will get another 2 billion from the World Bank. Then two things have to be done with this 5 billion. The government will be able to increase some spending, thereby giving some momentum to economic activity. Don't jump right now that I don't have investments. Now there will be no investment, it will be less, that is the reality. Now the World Bank says our growth may drop to 4 percent. Maybe, I also think maybe in 4-5. Even if it is only one year.