Economic Reporter :
Finance Minister AMA Muhith on Wednesday said there will be no impact of the election on GDP growth as the country’s economy is running well and there has been no change in the economic activities because of the forthcoming national polls.
“There will be a good growth in the fiscal 2018-19. The GDP growth will not be less than 7 percent in the fiscal,” he told journalists after a meeting of the Cabinet Committee on Government Purchase (CCGP) at the secretariat in the city.
Responding to a question, Muhith said Bangladesh Bank (BB) is taking preparations to file a lawsuit against the Filipino Rizal Commercial Banking Corporation (RCBC) to recover the whole money heisted from the central bank’s account with Federal Reserve Bank of New York.
Bangladesh will have to file case within January 15 and RCBC will be the main accused in the case, he added.
Hackers stole a total $101 million from Bangladesh’s account at the New York Fed in February 2016.
Of the amount, $81 million was transferred to four accounts at RCBC in Manila and another $20 million to a bank in Sri Lanka.
But the transfer of $20 million to Sri Lanka had failed because of a spelling error by the hackers. Later, BB was able to retrieve about $15 million from Philippines.
Finance Minister AMA Muhith on Wednesday said there will be no impact of the election on GDP growth as the country’s economy is running well and there has been no change in the economic activities because of the forthcoming national polls.
“There will be a good growth in the fiscal 2018-19. The GDP growth will not be less than 7 percent in the fiscal,” he told journalists after a meeting of the Cabinet Committee on Government Purchase (CCGP) at the secretariat in the city.
Responding to a question, Muhith said Bangladesh Bank (BB) is taking preparations to file a lawsuit against the Filipino Rizal Commercial Banking Corporation (RCBC) to recover the whole money heisted from the central bank’s account with Federal Reserve Bank of New York.
Bangladesh will have to file case within January 15 and RCBC will be the main accused in the case, he added.
Hackers stole a total $101 million from Bangladesh’s account at the New York Fed in February 2016.
Of the amount, $81 million was transferred to four accounts at RCBC in Manila and another $20 million to a bank in Sri Lanka.
But the transfer of $20 million to Sri Lanka had failed because of a spelling error by the hackers. Later, BB was able to retrieve about $15 million from Philippines.
