Prime Minister Sheikh Hasina informed the parliament today that the country`s inflation will soon be under control due to the government`s prompt actions and the expectation of a better position on the international marketplace.
"Inflation is forecast to come down significantly in 2024 in key economies including the US and the European Union. As a result, the prices of fuel, food products and fertilizers in the global market is expected to come down allowing the government to adjustment the fuel oil prices and facilitate its other initiatives to normalise the food supply situation," she said.
The premier said this in response to a query by opposition Jatiya Party MP Mujibul Haque Chunnu.
PM defined Bangladesh`s economic problems primarily to the instability in the global economy brought on by the Russia-Ukraine conflict, which followed the Covid-19 pandemic`s economic depression.
"This has had a significant impact on inflation, subsidy expenditure, balance of trade, foreign exchange reserves and exchange rates ," she said.
In response to a question from Independent MP Saiful Islam from Dhaka-19, Sheikh Hasina said our country is experiencing import inflation as a result of increasing costs for certain items on the global market, including fuel oil, edible oil, wheat, fertilizers, different food and consumer goods, and industrial raw materials.
She mentioned that in order to maintain regular consumer goods prices, her government has taken the appropriate actions and is still taking them.
PREVENTING MONEY LAUNDERING
According to the PM, required steps have been taken to sign Mutual Legal Assistance (MLA) Treaties/Agreements with ten countries in order to acquire the information, evidence, and other support needed in an effort to retrieve the money that has been smuggled out of Bangladesh.
