Reforms will not be successful if economic stability and law and order cannot be restored: Dr. Debapriya Bhattacharya

thedailymorningsun.com
published 28 November, Thursday, 2024 16:37:28
Reforms will not be successful if economic stability and law and order cannot be restored: Dr. Debapriya Bhattacharya

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Dhaka //


Dr. Debapriya Bhattacharya, Honorary Fellow of the Center for Policy Dialogue (CPD), said that the previous government left the economic situation in a terrible state. This government has inherited a very bad situation. Why haven’t the assets of those who looted the bank’s assets been confiscated? If they can’t be acquired yet, what revolution is there? No reform will be successful if economic stability and law and order cannot be restored. He said these things at a discussion organized at the ERF office on Thursday.

Dr. MA Razzak presented the keynote speech at the dialogue organized on ‘Current Economic Situation’. Dr. M Abu Yusuf gave a presentation on the Open Budget Survey. ERF President Mohammad Refayet Ullah Mirdha presided over the speeches, while Joint Secretary of the Ministry of Finance Anarul Kabir and Head of Online of Prothom Alo Shawkat Hossain Masum also spoke. ERF General Secretary Abul Kashem delivered the welcome speech.

Debapriya Bhattacharya said that the government should give importance to five issues to control inflation. Food security should be ensured and social security should be ensured. Private sector investment should be increased. And for this, it is necessary to improve the liquidity situation and eliminate the energy problem. At the same time, more emphasis should be placed on foreign-financed projects in the case of government investment. Digitalization should be given importance in tax collection.

He said that the white paper will be submitted to the chief advisor of the interim government next Sunday. The whole issue will be highlighted in a press conference the next day. Then it will be understood that the bad condition of the financial sector is more complex and deeper than the actual situation that everyone thinks. This government has inherited it. The two lungs of the economy, banks and the energy sector, have been kept in a very bad condition.

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