Amid an ongoing economic crisis, the Bangladesh cabinet has issued half a dozen directives for the country to navigate through the domestic and external challenges posing serious threats to the macroeconomic stability next year.
After a cabinet meeting on Monday with Prime Minister Sheikh Hasina, Cabinet Secretary Khandker Anwarul Islam told journalists that the directives include on relaxation of taxes on food imports, augmenting food production domestically and sending more skilled manpower abroad, reports Xinhua news agency.
The meeting instructed relevant authorities to ensure more inflow of foreign direct investment as well as remittances.
Maintaining adequate food storage ahead of 2023 was the other very important directive from the cabinet meeting, said Anwarul Islam.
After reviewing the international situation, according to the official, the cabinet said that 2023 is very likely to be a critical year because of interest rate hikes by the US Federal Reserve, the Russia-Ukraine war and the slump in food production in parts of the world.