Bangladesh approach 'not to face Sri Lanka like crisis;
Lately, one of the subjects of conversation in territorial legislative issues including Bangladesh is the financial and political catastrophe in Sri Lanka. Since mid 2022, this issue has been the subject of broad conversation in both public and worldwide level.
Bangladesh's story is not quite the same as others
The deteriorating financial emergency that Sri Lanka and numerous different countries are encountering doesn't undermine Bangladesh with an obligation fiasco. In excess of 10 countries face the chance of a monetary breakdown because of rising expansion, obligation, and getting costs.
Canadian news association Visual Capitalist as of late recognized 25 countries that are defenseless against obligation risk utilizing data from Bloomberg.
As indicated by the report, Sri Lanka isn't the main country presently encountering monetary trouble. Russia, Zambia, Suriname, Lebanon, and different nations are right now financially past due. Belarus is another country that is at risk for becoming bankrupt. Nonetheless, the rundown goes on. Twelve extra countries are in peril because of rising expansion, obligation, and acquiring costs. The weak nations are as per the following: Argentina, Ukraine, Tunisia, Ghana, Egypt, Kenya, Ethiopia, SL Salvador, Pakistan, Belarus, Ecuador. Bangladesh isn't on the rundown.
Bangladesh approach for 'not to confront Sri Lanka like emergency's
Government authorities' movement abroad is confined, the taka is downgraded, settlements are compensated with money, and extravagance merchandise are burdened, which assist Bangladesh with developing its all unfamiliar trade saves so it can undoubtedly satisfy import need. Meanwhile, the public authority's approach of raising products and bringing down imports assists the economy with recuperating.
The effect of COVID-19 on the economy, which is as of now obliged by the Russia-Ukraine struggle, can't be denied. The last option has made things more challenging for non-industrial countries like Bangladesh as well as heightening the worldwide financial emergency.
To be continued...