Dhaka, May 23 -- Bangladesh Bank has announced a massive refinancing and support fund of Tk 600 billion to revive the economy, including the reopening of closed industrial factories.

Through this initiative, the central bank expects to create employment opportunities for more than 2.5 million people.

On Saturday, BB Governor Md Mostaqur Rahman made the announcement during a press conference held at the central bank's head office in Dhaka.

He stated that the country's economic growth has consistently declined over the past three years.

While the GDP growth rate was previously 5.8 per cent, it later dropped to 4.2 per cent. Currently, it is projected to hit 3.7 per cent, he said.

At the same time, major blows have been dealt to the gar...