The balance of power between banks and the government is required so that in times of crisis, moneys could be found to use. As a result, governments around the world have been thrust into debt that would be unacceptable normally. At the local level, following the government’s pressure, loans have been kept at 9% except with credit cards. They want the three-year payback of loans to be extended for five years, this despite the low interest and stipulation that this can be used only for worker-payments. What’s in it is the query: How do farmers, daily wage earners, and the low middle-class survive?

Source: Dhaka Tribune November 21, 2020 02:26 UTC