Tasneem Raihan

Following the fall of the Awami League government, efforts are underway to explore ways to bring back the stolen wealth.

It is essential to recognise that significantly reducing inflation will take time. Treating it as a “quick fix” would be a mistake.

People’s purchasing power is a key indicator of a country’s economic well-being, which gets eroded by high inflation.

Cottage, micro, small, and medium sized enterprises (CMSMEs) play a vital role in the economy of Bangladesh. Therefore, it is no surprise that they continue to receive special attention from the government.

In a bid to support the cottage, micro, and small enterprises (CMSEs) mired in financial difficulty caused by Covid-19, Bangladesh Bank approved a credit guarantee scheme (CGS) worth Tk 20,000 crore on July 23, 2020. Subsequently, the CGS Unit of BB issued a circular on July 27 defining the scope and detailing other aspects of the scheme such as, the eligibility criteria for scheduled banks and financial institutions (FIs) as well as for enterprises, application procedure, fee structure, responsibilities of the scheduled banks and FIs, claim settlement, etc.

The novel coronavirus has significantly affected and altered the economic courses of countries around the world, be it developing or developed.