Finance Minister AMA Muhith yesterday said there is no food crisis in the country due to the persisting flood and there will be no crisis in the future either, reports UNB. Muhith, however, admitted that the flood has caused temporary losses and that will be overcome soon. “For that, we have to spend more money and we have this capacity,” he said. The finance minister was addressing a function marking the signing of an agreement between Pran-RFL Group and Sonali Bank Ltd at a hotel in the capital.

Heavy rains and onrush of water from the upstream inundated vast areas of the country’s northern region, damaging croplands. Muhith said the government is now in such a position that it can easily face any crisis caused by the flood. “The rice import has seen a rise in recent times. There’ll no problem.”

Bangladesh Bank Governor Fazle Kabir, Senior Secretary of the Financial Institutions Division Md Eunusur Rahman, Chairman of Sonali Bank Board of Directors Md Ashraful Moqbul and Pran-RFL Group Managing Director Elias Mridha were present.