Bangladesh has so far announced 23 stimulus packages, amounting to Tk 1.24 trillion or 4.44 percent of gross domestic product. After the pandemic hit Bangladesh in March, the government announced separate loan incentives for the big, medium and small industries. Economists then recommended new stimulus package during discussions with the Finance Division in November after assessing the impact of the first stimulus programme. One of the latest packages amounts to Tk 15 billion, including Tk 3 billion to the SME Foundation, Tk 1 billion to Bangladesh Small and Cottage Industries Corporation and Tk 500 million to Joyeeta Foundation. Besides, NGO Foundation will receive Tk 500 million, Social Development Foundation Tk 3 billion, Palli Daridro Bimochon Foundation Tk 3 billion, Khudro Krishak Unnayan Foundation Tk 1 billion and Bangladesh Palli Unnayan Board Tk 3 billion for the people from the marginal groups.

Source: bd News24 January 17, 2021 10:07 UTC