Bangladesh Government’s big decision amid power crisis, reduction in school & office hours
To save electricity, Bangladesh will close schools for one extra day a week and cut office timings by an hour. A government official made the announcement on Monday (August 22), as the country grapples with a shortage after shutting down all its diesel-run power plants.
Bangladesh
Country in South Asia
- Capital: Dhaka
- Currency: Bangladeshi taka
- Population: 16.47 crores (2020) World Bank
- President: Mohammad Abdul Hamid
- Prime minister: Sheikh Hasina
- Gross domestic product: 32,423.92 crores USD (2020) World Bank
The South Asian country last month closed all 10 of its diesel power plants after Russia’s invasion of Ukraine raised the cost of imported fuel. Bangladesh began power cuts for two hours a day last month, but many parts of the country go without electricity for longer.
The closed plants account for about 6% of Bangladesh’s total power generation capacity of 23,000 MW. Natural gas, locally produced and imported, generates about three-quarters of the total. Schools will be closed for two days as a result of a decision made by Prime Minister Sheikh Hasina’s administration, according to Cabinet Secretary Khandker Anwarul Islam.
Schools usually open six days a week and are closed on Fridays, but the Ministry of Education announced that they will now remain closed on Saturdays as well.
Bangladesh requests loan
Bangladesh has become the third country in South Asia after Pakistan and Sri Lanka to request financial assistance from the International Monetary Fund (IMF) this year. According to reports, Dhaka is now looking for help from the World Bank and the Asian Development Bank to tide over the economic difficulties.
It comes after the Daily Star newspaper reported that the country had knocked on the IMF’s door last week, seeking $4.5 billion, including balance of payments, support and budgetary. The IMF said Bangladesh seeks to tap the organization’s new Resilience and Sustainability Facility, which aims to help nations address challenges related to climate change and sustainability. The Washington-based lender recently said it is ready to help Bangladesh tide over the current economic crisis with an aid program as well as financing for long-term challenges.
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