Dhaka, April 5 (SocialNews.XYZ) Bangladesh on Sunday announced a stimulus package of 727 billion taka ($8 billion) to help cushion the economic blow from the COVID-19 pandemic.
Prime Minister Sheikh Hasina made the announcement of the support package in a televised speech in capital Dhaka, reports Xinhua news agency.
In her speech, Hasina said COVID-19 escalation could cut the country's economic growth.
To better manage the impact caused by the COVID-19, she said the government will extend such funds in future.
According to the Prime Minister, the country's remittance income, capital market and low-income groups already felt the pinch of COVID-19.
Low-cost loans for businesses including small and medium enterprises will be made available, she added.
Bangladesh on Saturday extended the ongoing shutdown of public transport to April 11 to manage the spread of the virus.
Bangladesh had earlier declared a 10-day public transport shutdown effective from March 26 to April 4.
The country has reported a total of 70 coronavirus cases, with nine deaths.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz