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Bangladesh Government Declares a Second Stimulus Package


The government on Wednesday unveiled a Tk 1,000 crore stimulus package, the second in a calendar year, to help the country’s sectors overcome negative effects of the global recession.
Following a slide in the country’s export earnings in the first quarter, the finance minister, AMA Muhith, made the announcement, in an apparent bid to raise the confidence level of the exporters.

The government provided the export sectors with financial and fiscal incentives worth Tk 3,424 crore in the first stimulus package announced in April, the fag end of the previous fiscal year.

The latest stimulus package has been announced in line with the recommendations by a sub-committee of the taskforce on addressing challenges arising out of the recession.
This package, valid for a period between November 1, 2009 and June 30, 2010, would be adjusted with Tk 5,046 crore earmarked in the current budget to provide incentives.

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