BSS, Dhaka :
Finance Minister AMA Muhith on Thursday said the government will create a sovereign fund worth US$ 5 billion from the Bangladesh Bank’s forex reserves to issue sovereign bond for implementation of mega projects smoothly.
“We have surplus foreign currency reserves at about $31 billion. If we can take money from the reserves instead of borrowing money from foreign sources, it will be good for the country. The size of the fund would be at least $5 billion” he said.
The minister said this while briefing journalists after emerging from a meeting with a committee in this regard led by BB Deputy Governor SK Sur Chowdhury at the secretariat in the city.
Finance Minister AMA Muhith on Thursday said the government will create a sovereign fund worth US$ 5 billion from the Bangladesh Bank’s forex reserves to issue sovereign bond for implementation of mega projects smoothly.
“We have surplus foreign currency reserves at about $31 billion. If we can take money from the reserves instead of borrowing money from foreign sources, it will be good for the country. The size of the fund would be at least $5 billion” he said.
The minister said this while briefing journalists after emerging from a meeting with a committee in this regard led by BB Deputy Governor SK Sur Chowdhury at the secretariat in the city.
