Bangladesh, April 2 -- The government has ruled out printing money to meet its budgetary needs, opting instead to focus on reviving the economy through increased investment and stronger resource mobilisation, Finance Minister Amir Khosru Mahmud Chowdhury said on Wednesday.
"We are not in favour of printing money," the minister told reporters after a meeting with officials of the National Board of Revenue (NBR). He said the government aims to move away from a debt-driven approach and build an investment-led economy capable of ensuring sustainable growth and job creation.
Describing the current economic situation, the finance minister identified three major challenges:
restoring momentum in a weakened economy, fulfilling election pledges, a...