Staff Correspondent

Country’s central bank should create a fund of Tk 1 trillion to mitigate the financial losses due to Covid-19 outbreak, says a leading business chamber.

Bangladesh Bank can manage the financial assistance from the World Bank, International Monetary Fund, Asian Development Bank, and Islamic Development Bank, said a press release of Metropolitan Chamber of Commerce and Industry (MCCI) on Thursday.

The chamber also suggested the government take some financial measures to tackle the crisis.

Banks and non-banking financial institutions can be financed from the proposed fund to disburse loans to the business entities, MCCI said.

It added that at present, the central bank should take steps to inject $2billion to $3billion into the domestic economy to deal with the crisis.

So, BB should also sit in meetings with the stakeholders of micro, small, medium and large enterprises, banks and business chambers to fix the required incentives to the businesses.

The government should stop collection of bills of utilities like gas, electricity, and water over the last six months, the chamber said.