Bangladesh becomes member of IMF, World Bank
August 17, 1972
BANGLADESH ENTERS WORLD'S FINANCIAL COMMUNITY
Bangladesh today officially enters the world's financial community, a much required move for the new nation's economic development. SA Karim, charge d'affaires of Bangladesh Embassy in Washington, today signs and accepts the agreement making his government a member of the International Monetary Fund, the International Bank for Reconstruction and Development (World Bank) and its affiliate, International Development Association (IDA). "This will lead to a fruitful association and contribute positively to the development of our resources," says SA Karim after the signing ceremony.
BANGABANDHU FIT FOR GENEVA TOUR
Prime Minister Bangabandhu Sheikh Mujibur Rahman is declared fit by a three-member medical board to undertake his tour of Switzerland for convalescence. The board, headed by Queen's surgeon Sir Edward Muir, examined the prime minister and declared that he could now travel to Switzerland. A health bulletin says the prime minister's condition is satisfactory.
PLAN TO SOLVE CLOTH SCARCITY SOON
Acting Prime Minister Syed Nazrul Islam says the government would announce within a week programmes which are expected to solve the current scarcity of cloth to a great extent. Addressing the inaugural ceremony of the Bangladesh Textile Workers' Union, Syed Nazrul Islam discloses that the contemplated measures would include distribution of four types of cloths -- long cloth, markin, lungis and coarse saris -- among common people.
CHALNA PORT SALVAGE
Negotiations are underway with a number of foreign countries for the salvage of shipwrecks from Chalna Port, discloses Communication Minister M Mansur Ali. He adds that the government is determined to clear this second port of the country of all hazards to ensure its normal working as well as gearing up its efficiency.
SOURCES: August 18, 1972 issues of Bangladesh Observer, Dainik Bangla and Dainik Ittefaq.
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