Staff Reporter
The Asian Development Bank (ADB) yesterday asked the government to raise energy price and cut subsidy to the sector for bolstering the economy of the country. “Many of you may not like this proposal, but it is very important for Bangladesh economy,” ADB country director Hua Du told newsmen after a meeting of the visiting ADB mission with Finance Adviser Dr Mirza Azizul Islam at his Finance Ministry office.
The mission chief said the government should increase the prices to ease the pressure on the economy brewing over the huge subsidies currently going to the energy sector. [Read more]