Hasina pledges ’special package’ to fight recession fallout | world | Hindustan Times
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Hasina pledges ’special package’ to fight recession fallout

world Updated: Mar 16, 2009 15:51 IST

Bangladesh Prime Minister Sheikh Hasina has promised a “special package” to fight the fallout of the global economic meltdown as leading business houses in the country have asked for a Taka 60 billion bailout fund, officials said in Bangladesh on Monday.

“I’ve already directed the Finance Minister and other concerned ministers to identify the sectors set to be hit by global recession and recommend incentives to be provided to the affected ones” under a special package, a Prime Minister’s office spokesman quoted her as saying at a meeting with leaders of the country’s apex business chamber on Sunday.

He said the Prime Minister also told the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) leaders that the government was keenly observing the effects of the global meltdown and is taking necessary steps to help prepare the country to face the fallout.

Hasina made the pledge during her first meeting, since assuming power, with the country’s top business leaders who have appealed for the Taka 60 billion bailout fund proposing that nearly 50 billion of it would be spent for salvaging the major export oriented garments and textile spinning sectors.

FBCCI president Anisul Haque later told newsmen that they sought the package for at least a year as “there have been indications that the country’s export sectors are being affected by the crisis.”