Loan from forex reserves to boost investment, says finance minister
UNB
Finance Minister AMA Muhith yesterday disclosed a government plan to utilise the countrys reserve of foreign currency for investment, reports UNB. We are thinking seriously to invest our hard-earned remittance of the expatriates. We will take loan from our foreign exchange reserve to invest it in different projects. But the modalities of such a loan are yet to be determined, he said at a function organised by Bangladesh Bank in the capital to award 31 expatriate individuals and 4 institutions for their outstanding performance in sending remittance to the country. He, however, hoped to outline the modalities in the countrys next budget and place a detailed plan in this regard. We will utilise it for the countrys interest without inviting any risk, he told the remittance earners assuring them of security about their hard-earned money. The finance minister also made an assertion about achieving 7.3 GDP percent growth rate in the current fiscal considering the suitable economic condition prevailing in the country. This year hartal, strikes are not taking place. Our society has rejected it. So, were going to have a good result. Next year our growth rate will certainly exceed the target, he said. Lauding the role of expatriate Bangladeshis in the countrys development, the Finance Minister said their income benefits the country in two ways. Their families are getting money from them, and it is also boosting the countrys foreign reserves building up the confidence of the people. But the burgeoning reserves, which now stand at over $31 billion should be utilised for the national interest, he observed.
