Stimulus comes at the right time | The Daily Star
12:00 AM, April 06, 2020 / LAST MODIFIED: 12:06 AM, April 06, 2020

Stimulus comes at the right time

AHM Mustafa Kamal, Finance minister

Prime Minister Sheikh Hasina has realised the importance of the stimulus package for the economy at the right time, like she did in previous cases of crises.

The prime minister has not made any delay, given her past experiences in dealing with crises.

Bangladesh believes in a market-based economy, so no country is separated from another, rather they all are integrated. If something happens in one country, it affects all others.

All of the country's people will benefit from the measures the prime minister has undertaken as people from all walks of life have been brought under the stimulus package. Even cottage, small and medium industries will benefit.

None will be left behind. Everybody has been included.

I believe now the people of the country will not lose hope. They will start to believe that the country will regain normalcy.

This package will help the country's industries and the private sector.

Inflation is standing at 5.50 per cent and is within the comfort zone.

The government will have to be in the driving seat in mobilising funds and have to conduct monetary and fiscal policies flexibly. I believe the central bank will perform the task properly.

If the existing pandemic does not linger, Bangladesh would be able to clock 8 per cent GDP growth in the current fiscal year. 

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