Dhaka, May 23 -- The central bank of Bangladesh, known as Bangladesh Bank (BB), announced a fund of 60,000 crore taka (USD 4.9 billion) as a stimulus package to restart the various closed factories in the country.

Bangladesh Bank's governor, Md Mostaqur Rahman, announced this at a press conference on Saturday. He expressed hope that this fund would create 2.5 million jobs.

The package has two components, which includes Tk 41,000 crore refinancing fund, sourced from banks with excess liquidity through long-term deposits of at least three years at a 10 per cent interest rate, and a Tk 19,000 crore fund drawn from Bangladesh Bank's own resources, subject to a government guarantee, the Daily Star reported.

Under the refinancing fund, the l...