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CPD’s Report brings forth the Challenges for Bangladesh Government


Centre for Policy Dialogue (CPD) in a report released on Sunday said that energizing investment, consolidating agriculture, protecting external sector, strengthening public finance and reviewing development administration were the major challenges before the government.

Presenting the report titled "state of Bangladesh Economy in FY 2008-09", CPD executive Director Professor Mustafizur Rahman said that the government should handle every sector with efficiency so that the economy flourishes and poverty declines.

Referring to a report prepared by Bangladesh Bureau of Statistic (BBS), he said GDP is expected to post a growth of 5.88 per cent during FY2008-09. If this actually is the case, it would be the lowest growth over the last five years and would be considerably less (o.62 per cent) than the targeted growth of 6.5 per cent.
About the issue of legalizing undisclosed money, he said that this should not be allowed on a continuing basis and there should be a clear distinction between the undisclosed money earned through legal way and money that was earned through illegal means.

The report said, the adverse condition which informed macroeconomic performance in FY 2008-09 led considerably lower GDP growth projections of around five percent or even lower by many quarters, including the World Bank (WB), the International Monetary Fund (IMF) and the Asian Development Bank (ADB).
However, a bumper crop harvest, resilience of the service sector, ability to contain deceleration of export growth and sustained high levels of remittance flow helped the economy to attain a near-six per cent growth rate in FY2008-09.

In this respect the distinguished fellow of CPD Dr Debapriya Bhattacharya gives his analytical opinion.

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