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BB asks financial institutions to hold hybrid meetings to cut costs

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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 today.

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.

Source: Bangladesh Sangbad Sangstha