Reserve will be 50 billion dollar by 2021: Finance Minister

In the next 14 months, by December 2021, Bangladesh’s foreign exchange reserves will reach 50 billion dollar, said Finance Minister AHM Mustafa Kamal.

The finance minister was responding to a question from reporters after a meeting of the Cabinet Committee on Public Procurement (Virtual) on Wednesday (November 4th). With this reserve, it is possible to meet the import expenditure of 9 and a half months as four billion dollars per month. ‘

Asked whether the reserve money would be used for infrastructure development in the country, the finance minister said, “We think that if we have good and government-sponsored projects to finance such projects, on the one hand our debt will not increase and on the other hand our money will remain at home.” We were able to use it for the development of the country.

He said, ‘Now it’s November; Then in December, until next December, in these 14 months, Bangladesh’s foreign exchange reserves will be 50 billion, God willing.