Desk Report,
Economic recovery has come, not complacency: Financial advisor
Financial Advisor Salehuddin Ahmed said, we have returned from the edge of the ditch. The economy has not yet reached the top of a safe mountain. Relief has come to the economy, but there is no room for complacency yet. The Financial Advisor said this at a press conference held at the Secretariat on Tuesday afternoon on the interim government’s one-year economy.
Economic recovery has come, not complacency: Financial advisor
The Financial Advisor said, the interim government wants to make Bangladesh an equality-based and welfare-oriented state. We can do some major reforms in the economic sector. The elected government will do the rest. Overall, the economic situation is not disappointing now. We want to do something so that the next government cannot come and say that all the mistakes of the previous government were made. The press conference was attended by Special Assistant to the Chief Advisor Anisuzzaman Chowdhury, Finance Secretary Md. Khairuzzaman Majumder, National Board of Revenue (NBR) Chairman Md. Abdur Rahman Khan, Secretary of the Economic Relations Division Shahriar Quader Siddiqui, Secretary of the Financial Institutions Division Nazma Mobarek, and others.
The Financial Advisor also said at the press conference, “The state in which we found the economy has now reached a fairly satisfactory level. We have seen mismanagement, corruption, lack of good governance, currency laundering. We say the economy was on the edge of a cliff. Many say it was in the ICU.” The Financial Advisor also commented that the country’s institutions were on the verge of collapse during the previous government. He said that the government is working to improve from there. For example, inflation was 14 percent in July last year. In July this year, it decreased to 8 percent. It will soon come down to 6 percent. The country’s economy is now returning to the cabin from the edge of a cliff through the ICU, when it will recover and return home, the Financial Advisor said, “The country’s economy is not yet in a state to return to the cabin. And the economy of a poor country will not return to the cabin. The financial advisor said, “By next January, the country’s economy will reach a healthy state like returning to the ward.”
The financial advisor said that the government is completing all the processes to bring back the money laundered abroad, and the task force formed for this is working. Those who have laundered money are being identified. Lawyers have been appointed. However, while it is easy to bring back the money of corruption within the country, it is not as easy to bring back the money laundered abroad.
Salehuddin Ahmed said, we have faced one challenge after another in one year. Internal political instability, price increase in the international market, reserve crisis, slow foreign investment, etc. However, various policies have been made step by step. Reform steps have been taken. As a result, the economy is gradually returning to stability.
Salehuddin Ahmed believes that the growth rate of gross domestic product (GDP) in the last fiscal year was 3.97 percent, and it could increase to 5.7 percent by the end of the current fiscal year.
