Prime Minister Sheikh Hasina unveiling the government work plan to overcome the possible COVID-19 impact on the country’s economy in a nationwide televised address from her official Ganabhaban residence in the city -- Photo: PID
Dhaka: Prime Minister Sheikh Hasina has recognised tourism, aviation and hospitality to be among the sectors most affected by the impact of coronavirus.
Prime Minister Sheikh Hasina on April 5 unveiled the government work plan to overcome the possible COVID-19 impact on the country’s economy, declaring an allocation of BDT 72,750 crore under a set of stimulus packages.
“Earlier I declared a BDT 5,000 crore (emergency) incentive package for paying salaries and allowances of export-oriented industries workers and employees and today I am announcing four fresh financial stimulus packages of BDT 67,750 crore,” she said.
In a nationwide televised address from her official Ganabhaban residence in the morning, the premier said with the fresh allocations, the total amount of financial assistance would stand at BDT 72,750 crore, which is nearly 2.52 per cent of GDP.
“I hope our economy will rebound and we could reach near the desired economic growth, if the stimulus packages, the previous and the fresh ones, could be quickly implemented,” she said.
The premier said the government simultaneously took four programmes under the work plan to be implemented in phases categorised as “immediate, short and long”.
“The four programmes are: increasing public expenditure, formulating a stimulus package, widening social safety net coverage and increasing monetary supply,” she said.
“The sectors and areas which are being affected are: industries production, export trade, services sectors, especially tourism, aviation, and hospitality sector, small and medium enterprises and employments and these are experiencing a landslide fall,” the PM said.