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Bangladesh has thus far announced a $8.56 billion stimulus package that is nearly three times the initial projected economic losses from the coronavirus pandemic.
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The owners of export-oriented companies and factories can pay wages to their workers for up to three months from the Tk 5,000 crore stimulus package unveiled by Prime Minister Sheikh Hasina.
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The government is going to launch a special open market sale (OMS) of coarse rice at Tk 10 a kg in all city corporation areas to ensure food for the urban poor amid the countrywide shutdown.
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Bangladesh has announced one of the lowest stimulus packages among South Asian and Asian peers in terms of gross domestic product (GDP) to counteract the impact of the coronavirus pandemic that is on course to bringing about an economic recession.
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The government will disburse interest-free soft loans for two years among the export-oriented sectors from the Tk 5,000 crore stimulus package the prime minister unveiled to cope with the fallout from COVID-19.
