Bangladesh Central Bank Injects USD 4.9 Billion to Restart Closed Factories

Bangladesh Central Bank Injects USD 4.9 Billion to Restart Closed Factories

Get latest articles and stories on Business at LatestLY. The central bank of Bangladesh, known as Bangladesh Bank (BB), announced a fund of 60,000 crore taka (USD 4.9 billion) as a stimulus package to restart the various closed factories in the country. Business News | Bangladesh Central Bank Injects USD 4.9 Billion to Restart Closed Factories.

Bangladesh central bank unveils $4.9 billion in stimulus as growth slows

DHAKA, May 23 : Bangladesh’s central bank on Saturday announced a 600 billion taka ($5 billion) stimulus package to revive shuttered factories and support businesses as economic growth slows. The package aims to restart production, create jobs and restore business confidence, as export-oriented industries, especially the ready-made garment sector, struggle with weaker global demand, higher input costs and supply chain disruptions, while rising i…