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The Financial Express

Planning minister sees no fear of debt trap for Bangladesh

| Updated: October 05, 2021 15:12:17


Planning minister sees no fear of debt trap for Bangladesh

Planning Minister MA Mannan on Monday said Bangladesh will not get into a debt trap as the country takes foreign loans considering all aspects.

"There's no fear for Bangladesh to get into debt trap," he said while addressing a webinar, reports UNB.

The minister noted that foreign currency reserve of the country is growing with lower rate of borrowing considering the size of GDP.

He hoped that the bilateral relations between Bangladesh and China will be strengthened further.

Mannan also hoped that the investment of Chinese companies in Bangladesh will increase with an improved relation between the two countries.

The planning minister said that the Chinese government should take all necessary steps to help Bangladesh students, who got stuck here due to Covid-19 to return to China for continuing their studies.

The Association of Bangladesh China Alumni (ABCA) organised the webinar on the occasion of ''72nd Anniversary of the founding of the People's Republic of China and 46th Anniversary of Establishment of Diplomatic Relations between Bangladesh and China''.

Humayun A Kamal, former Ambassador of Bangladesh to China, presented the keynote paper at the webinar presided by Ambassador Munshi Faiz Ahmad, President of ABCA and former Ambassador of Bangladesh to China.

Yan Hualong, Minister Counselor and Deputy Chief of Mission, Embassy of the People's Republic of China in Bangladesh, participated in it as a special guest.

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