Bangladesh: Bangladesh will not have to face economic crisis like Sri Lanka, the country's economic condition is strong - Sheikh Hasina

Bangladesh Prime Minister Sheikh Hasina has reacted to the economic situation in Sri Lanka. PM Sheikh Hasina has rejected these things that Bangladesh may have to face a crisis like Sri Lanka. He said that despite the COVID 19 and Ukraine war, his country's economy is in a strong position and his government does a high level of diligence while taking any loan. 

Corona and Russia-Ukraine war had an impact on the world- Hasina

In an interaction with ANI, Prime Minister Sheikh Hasina said that at present the whole world is facing challenges, which are not limited to Bangladesh only. Our economy is still very strong. However, we faced this COVID-19 pandemic and now the impact of the Ukraine-Russia war is here. But despite this Bangladesh always pays all the debts. So our loan rate is very low. Our economy is very planned as compared to Sri Lanka. 

Bangladesh is stronger than Sir Lanka in economic front 

PM Sheikh Hasina said that her country is safe on the economic front. He said Bangladesh did not take any loan until it was sure that it would benefit from the project undertaken. I think the whole world is facing an economic problem and we are also in it. But yes there are some people who raise this issue. It is said that the condition of Bangladesh will be like Sri Lanka. But I can assure you, it will not happen. Because we look at all our development plans, which we prepare and implement, to see what the returns will be from it? How will the people be the beneficiaries. 

We don't spend any money unnecessarily: Sheikh Hasina

Sheikh Hasina further said that whenever the government in Bangladesh considers a loan, it has a clear policy of anticipating what will be the benefit to the country upon completion of the project. Hasina said how will our economy develop? More people will be benefited, that is the priority. So we are taking all the plans. We do not spend any money unnecessarily. He said that Sri Lanka's economy collapsed and many experts believe that loans given in ambitious projects by countries like China that did not provide a commensurate return made developing countries particularly vulnerable.