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No fear of debt trap for Bangladesh: Minister

Published : 04 Oct 2021 11:47 PM | Updated : 06 Oct 2021 10:46 AM

Planning Minister MA Mannan on Monday said there is no scope for Bangladesh to get stuck in debt trap noting that its foreign currency reserve is growing with lower rate of borrowing considering the size of GDP.

 "There's no fear for Bangladesh to get into debt trap," he said while addressing a webinar.

 Speaking as the chief guest, Minister Mannan said Bangladesh takes loan considering all aspects and thinking well before taking a decision.

 He hoped that the bilateral relations between Bangladesh and China will be strengthened further.

 Mannan also hoped that the investment of Chinese companies in Bangladesh will increase with an improved relation between the two countries.

 The Planning Minister hoped that the Chinese government will take all necessary steps to help Bangladesh students who got stuck here due to Covid-19 to return to China for continuing their studies.

 The Association of Bangladesh China Alumni (ABCA) organized the webinar on the occasion of ''72nd Anniversary of the founding of the People's Republic of China and 46th Anniversary of Establishment of Diplomatic Relations between Bangladesh and China''.

Read more: World Bank prediction on GDP trashed

 Humayun A Kamal, former Ambassador of Bangladesh to China, presented the keynote paper at the webinar presided by Ambassador Munshi Faiz Ahmad, President of ABCA and former Ambassador of Bangladesh to China.

 Yan Hualong, Minister Counselor and Deputy Chief of Mission, Embassy of the People's Republic of China in Bangladesh, participated in it as a special guest.

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