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BB asks financial institutions to hold hybrid meetings to cut costs


By BSS
Published : 15 May 2023 08:23 PM

Bangladesh Bank (BB) today asked financial  institutions to hold hybrid meetings connecting attendees either virtually or in person as convenient to reduce operating costs. 

The move will also help ensure efficient use of power and fuel, as per a BB  release issued here on Monday.

The BB came up with the move as a part of the government's austerity measures  aimed at cutting down costs in different development projects and government  spending.

The country is still struggling to meet its energy demand amid the ongoing  Russia-Ukraine War while its foreign currency reserve has been depleting.