Economy passing unstable juncture: Saifur
BDNEWS, Dhaka
The country's economy is passing an unstable juncture, Finance and Planning Minister M Saifur Rahman admitted yesterday. "I am under tremendous pressure. The economy is passing an unstable period for rise in fuel prices and other goods we import," he told lawmakers from Comilla and Noakhali when they met him at National Economic Council auditorium in Dhaka. The MPs sought allocation for different projects in their areas. Saifur, however, said he does not have enough money right at this moment. Narrating the state of economy, Saifur said the price hike in the international markets put pressure on import bill and balance of payment (BOP) as our export did not mark rise. "We had surplus in BOP last year, but now we are experiencing deficit," Saifur said. He, however, still kept trust on the country's export sector adding, "We are still existing only because of our export." The country is yet to receive the third instalment of development support credit (DSC) from the World Bank, the minister told the MPs. The disbursement was supposed to take place in July. Later, during a visit of WB Vice President for South Asia Praful C Patel, the minister wanted it in August.
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