Bangladesh implements austerity measures

Bangladesh is seeking alternative fuel sources and $2.5 billion in external financing for imports, which account for 95 percent of its fuel. (Reuters)

• Country’s cabinet ordered 30 percent spending cuts for fuel and power at government offices
• Bangladesh is seeking alternative fuel sources and $2.5 billion in external financing for imports

Bangladesh is curtailing office hours and enforcing early closure of malls and shops beginning Friday to handle its energy crisis related to the war.
The country’s cabinet ordered 30 percent spending cuts for fuel and power at government offices, suspended some staff training and stopped purchases of new vehicles, ships and aircraft. Decorative lighting will not be allowed for celebrations.
Bangladesh, a nation of more than 170 million people, is seeking alternative fuel sources and $2.5 billion in external financing for imports, which account for 95 percent of its fuel.