Economy under pressure, but it’s not severe: FM

Finance Minister Abul Hassan Mahmood Ali on Thursday said the economy is quite under pressure in terms of interest payment of debt, but the situation is not that severe.

Due to the global effects and the Ukraine-Russia war the domestic economy has been under stress slightly, he said adding that the government is trying to overcome it.

The finance minister said this to reporters after a meeting with Bangladesh Chief of Mission of the International Organisation for Migration (IOM) Abdusattor Esoev at the Economic Relations Division (ERD) in the capital on Thursday.

“The IOM deals with overseas migrants. They work to bring in expatriates. They will continue such support in the future,” he said.

In response to a question regarding inflation, the minister said, “There is some discomfort with inflation. It decreases for one item but increases for another. What to do by force? Be patient, everything will be fine.”