The Orient News

Breaking

AFGHANISTAN: Hekmatyar not join the supreme council of state if not having decision making authority

AFGHANISTAN: USAID Officials Brief President Ashraf Ghani on Future Projects

EGYPT: Egypt’s intelligence chief holds talks with Hamas in Gaza Strip

INDIA: UNGA chief 'saddened' by India's reactions to his Kashmir statements

IRAN: Iran Renews Support to Afghan Peace Process, Foreign Minister

IRAN: Iranian navy ship catches fire, sinks in Gulf of Oman

PAKISTAN: Army to Ensure Enduring Peace in Balochistan, Pak Army Chief

PALESTINE: Palestinians rejected statement by US Mission Geneva at UN Human Rights Council Session on the Israeli-Palestinian Situation

Bangladesh: $1b WB loan sought to tackle inflation

DHAKA, 28 June 2022, (TON): The government has sought $1 billion in loans as a budgetary support from the World Bank to contain the rising inflation in the country.

The ongoing Russia-Ukraine war has pushed the inflation up everywhere in the world.

According to the Economic Relations Division officials “a formal letter seeking the loan has been sent to the World Bank in the past week following recommendations by the finance division, which is now facing pressure to maintain ballooning subsidy on fertilizer, food and energy.”

The amount of subsidy on energy and fertilizer is likely to be Tk 50,000 crore in the new financial year following the price hike of those items in the international market while the monthly inflation in the country hit over 7 per cent in May, highest in the past one decade.

The ERD officials said “the finance division would hold talks on the World Bank conditions for the proposed budgetary support.”

Rate this item

(0 votes)

News Section

Latest from News Section

More in this category:

THE ORIENT NEWS

ABOUT US

As a digital as well as non-formal information hub of handpicked prompt News analysis, inside stories, commentaries and numerous other features "The Orient News” in many ways, is a value addition to already robust social, electronic and print Media. It endeavors to restore old grandeur of journalistic excellence and set standards for different types of media.

The Orient News is designed as a platform to identify policy and institutional loopholes, monitor implementation and enforce accountability standards through rule of law, liaison with relevant institutions and public interest litigations. Our mission is to remove criminal behavior and materialistic tendencies from the societies and promote high ethical, cultural, traditional and religious standards set in each society by narrative building through social, electronic, print, digital media and its hybrids.

We started our efforts with a single man i.e. the present patron-in-chief and later, from several dozen aims to grow to 50,000 in years to come.

APPROACH

We are more than just a news agency. We use research and market intelligence to drive everything we do. We have a complete team of experts to cover all research needs that are talented in their area of expertise, take great pride in their work, and are passionate about making a difference for our clients. Our pioneering spirit constantly strives for excellence, maintaining credibility through impartial, accurate, and comprehensive representation. We are The Orient News Media Network and we cover the world.