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IMF loan out of precaution
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economic turmoil in the coming days.
“We have given a proposal to the IMF on getting possible fundas part of taking precautionary measures.”
He said he has strong objection to use of the word “bail-out” usedin some media reports.
“Why bail-out? Is the country in so deep a crisis that we have to take the bail-out?” he asked.
Kaikaus mentioned that using the terms like “bail-out” is damaging the country’s dignity as it is not in such a situation.
He requested the media to check with the International Monetary Fund (IMF) mission in Dhaka to see whether Bangladesh has fallen into a deep economic crisis like Pakistan or Sri Lanka.
“This was a regular discussion between the finance ministry and the IMF,” he said about the government’s recent move to get funds from the IMF.
The principal secretary citedvarious types of fund assistance from the IMF to different governments of Bangladesh in 1993, 2003, 2012 and 2020.
“We are taking funds from the IMF, Asian Development Bank and World Bank on a regular basis,” he said.
But he mentioned that Bangladesh is getting budgetary financing now, not project financing, from them as they have trust in the country that it could utilise the fund more efficiently.
“This time we sought budget assistance; this is for meeting the deficit in balance of payment, not bail-out. It is basically the money that we need as foreign currency to spend for our development activities.”
Talking about the power situation, the top bureaucrat said the government, like others, is also concerned about the power so that it does not become a crisis in future.
“That’s why we are saving our power now for the coming days.”
Regarding the misleading news on Indian Adani Group and Meghnaghat power plant, he said it is just baseless.
“Why are you making horror stories? Tell the truth,” he told the media.
The principal secretary mentioned that these types of news would be harmful for the country and its possible investments from abroad.
He said the recent move by the government to save power through area-based load shedding has been effective and there is no need to increase it.
“We are saving 2,000-3,000MW electricity...”
Responding to a question regarding import of fuel from Russia, he askedif other countries can import, why couldn’t Bangladesh.
He also mentioned that the government is exploring new sources for cheap fuel import.

Buzz Aldrin’s
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selling to a bidder on the phone,” Sotheby’s said in a statement.
“After deep consideration, the time felt right to share these items with the world, which for many are symbols of a historical moment, but for me have always remained personal mementos of a life dedicated to science and exploration,” Aldrin, the last living member of Apollo 11’s three-member flight crew, said in a statement last week.
He explained the jacket was separate from the spacesuit he wore while walking on the moon with fellow astronaut Neil Armstrong, but that he wore it while flying to and from the Moon.
“I wore this Inflight Coverall Jacket... in the Command Module Columbia, on our historic journey to the Moon and back home again during the Apollo 11 mission,” Aldrin said.
The suits worn on the Moon by Aldrin and Armstrong are part of the National Air and Space Museum’s collections in Washington.
In total, the New York auction garnered $8.2 million for 68 items sold out of the 69 offered, including $819,000 for a flight plan.