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VP of ADB Visits Bangladesh, Price Hike of Subsidized Products


Vice President of the Asian Development Bank, Liqun Jin is now in Dhaka on a three-day visit. Mr. Liquin Jin met with Finance Adviser Mirza Azizul Islam.

Mr. Jin suggested that prices should be raised for products from sectors that get subsidy.

Finance Adviser agrees with him and said that it is not possible for the government to maintain the budgetary discipline for long if it continues to provide subsidy for keeping low the prices of power, petroleum, gas and fertilizer.

Different issues relating to power sector, aid for flood rehabilitation and governance were main topics of discussion at the meeting.

The ADB is providing Bangladesh government $465 million loan for development in the power sector. The first installment has already been given and the second is expected by December.

Amir Khasru has the details.

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