Finance Minister AHM Mustafa Kamal has directed the Economic Relations Division (ERD) to project sound loan repayment capacity of Bangladesh before the world
The minister also asked the ERD, which works under the Ministry of Finance, to continue upholding the interest of the country during loan negotiations with the development partners.
AHM Mustafa Kamal gave the directives during an introductory meeting with the officials of the ERD at the NEC Conference Room in city’s Sher-e-Bangla Nagar area on Wednesday, reports BSS.
“Bangladesh has not even made an hour delay while repaying instalment of any loan while the country’s external debt-GDP ratio is only 13.2 per cent where the risk-free ceiling is 40 per cent,” the minister said.
Noting that the external debt-GDP ratio of Bangladesh is one of the lowest in the world, Kamal also directed the ERD officials to continue maintaining this sound loan repayment capacity.
"Sound loan repayment capacity will enable the country to get foreign assistance with ease and comfort in the coming days." the minister added.
Kamal also suggested preferring foreign assistance in those projects which will be undertaken to improve the livelihood of rural people alongside other projects.
Earlier, ERD Secretary Monowar Ahmed briefed the Finance Minister about the ongoing activities and future plan of the Division. Other officials of the ERD were present.
