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The government’s target to create 1.13 crore new jobs in the next five years does pose a significant challenge, despite the country’s high economic growth rate, according to a revised five-year plan from the planning ministry.
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There was a time when Bangladeshi finance ministers would land in Paris with a briefcase in hand to seek financial assistance from donors.
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The World Bank yesterday praised the progress Bangladesh achieved in recent years but apprehends a struggle ahead for the low tax revenue and banking sector’s poor condition.
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Age is the price of wisdom, it is often said. And an audience with the immediate past finance minister, AMA Muhith, calls to mind that saying.
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The current vulnerable state of the banking sector steeped in default loans poses the biggest danger to sustenance of Bangladesh’s tremendous growth momentum, said the International Monetary Fund.
