The IMF has recommended raising the prices of electricity, gas and fertilizer.

The International Monetary Fund (IMF) has suggested reducing government subsidies and raising gas, electricity and fertilizer prices, and spending the extra money on social security programs.

The IMF mission, which is currently on a visit, also said in a meeting at the Ministry of Finance that more poor people should be included in the program and their monthly allowance should be covered.

The IMF delegation held a series of meetings with various officials of the Finance Department throughout the day on Thursday. At the same time, the delegation discussed the macro-economy, implementation of laws in the banking sector and financial institutions, secret loans and Bangladesh Bank’s initiative to integrate banks.

Finance ministry officials said the government will gradually increase the price of electricity and gas in the next three years to bring it down to the cost of production.

This is the main headline of the UK, US, China Five and India Nine-Daily News ahead of the investment in Bangladesh.

It said the amount of foreign investment or FDI is not coming as per the size of Bangladesh’s economy. The government has taken several steps to increase FDI. However, the investment was less than the previous year.

According to the report, the United Kingdom has been at the forefront of investment in Bangladesh for the last 27 years. Then there’s the United States.

China is at the top of the list, followed by India at fifth place.

According to Bangladesh Bank, the UK is followed by the US and the Netherlands. Singapore ranks fourth, China fifth, South Korea sixth, Hong Kong seventh, Norway eighth, India ninth and Japan tenth.