Bangladesh will not face disaster like Sri Lanka: Sheikh Hasina on post-Covid economic system | World News

Dismissing issues that Bangladesh may go the Sri Lanka method, Prime Minister Sheikh Hasina stated that regardless of the Covid-19 onslaught and the battle in Ukraine, her nation's economic system continued to be in strong form and that her regime exercised a excessive degree of diligence when taking any loans.

In an interplay with ANI, Prime Minister Hasina stated that presently the world as a complete was dealing with challenges which weren't restricted solely to Bangladesh.

"Our economic system, nonetheless it is vitally sturdy. Although, we confronted this Covid-19 pandemic, now the Ukraine-Russia warfare. That has its impact right here. However in debt price, Bangladesh at all times pays well timed all of the money owed. So our debt price may be very low. In context of Sri Lanka, our economic system trajectory and the event, it's (deliberate) very, very calculatively," stated the Bangladesh prime minister.

Hasina asserted that due to this measured method, her nation was safe on the financial entrance. Bangladesh didn't take any mortgage except it was positive that it will profit from the venture undertaken, she stated.

"I believe the entire world is dealing with financial drawback. We're additionally. However sure there are some individuals they elevate this subject. Oh, Bangladesh will likely be Sri Lanka, this and that. However I can guarantee, no, that won't occur. As a result of we... all our improvement plans, what we put together and we implement, at all times we see that what can be the return? How individuals can be the beneficiary? In any other case I do not take any venture (for) simply spending cash," she stated.

Hasina stated that in Bangladesh, each time the federal government considers any mortgage, it's a clear coverage to estimate what can be the return for the nation on the completion of the venture. "How our economic system will develop? And the individuals will likely be beneficiary, that's precedence. In order that method we're taking all of the plans, packages. Pointless we do not spend any cash," Hasina added.

The Sri Lankan economic system collapsed and plenty of consultants consider that money owed prolonged by international locations like China in bold tasks that didn't present a commensurate return had been amongst components that led to the debacle. Many consultants confer with such loans as debt traps to which creating international locations are particularly susceptible. Hasina, nevertheless, shared insights about the way in which Bangladesh manages its affairs.

Hasina stated that her authorities takes up plans for consideration in a really methodical method.

"And we take the plan, in order as a result of it's a very calculative method we're creating, I really feel that we'll not face an analogous scenario... Not solely that, within the coverage matter, the second pandemic began , Covid-19, I referred to as upon our individuals, and likewise we offered all types of help and inputs, as much as the village degree and likewise inspired our individuals to develop extra meals gadgets, as a lot as meals they will develop. I at all times supported them that what it is best to do. You need to develop your meals in order that we must always not depend upon others," she stated.

Hasina, nevertheless, confessed that the battle in Ukraine had posed some issues for her nation. "It has unhealthy impact little question about it, particularly the issues we import from different international locations," she stated.