Focus more on financial stability: Atiur
Bangladesh must continue to remain focused on its hard-earned financial stability to sustain its amazing macroeconomic transformation, said former Bangladesh Bank governor Atiur Rahman yesterday.
“We must remain focused on creating new employment opportunities, particularly for the educated youths, promoting green energy, encouraging regional and sub-regional cooperation, supporting productive and sustainable agriculture and export-led industries in addition to RMGs,” he said.
The domestic consumer base must be tapping and above all financial stability must be maintained at any cost, he told a capacity building session for government officials.
Titled “Bangladesh macro-economic trends: achievements, challenges and opportunities”, the session was organised by the Bangladesh Institute of Governance and Management at Agargaon in Dhaka.
He said Bangladesh's story of macroeconomic transformation was still unfolding and yet to be told.
“It was indeed heartening to see how an economy of only $8 billion in 1972 transformed itself into the world's 433rd largest economy of around $280 billion within such a short span of time,” said Rahman.
He added that all the three sectors of industry, service and agriculture demonstrated consistently stable upward trends leading to more than doubling of per capita income during the last decade.
“This spectacular paradigm shift towards more inclusive and broader socio-economic transformation has been possible due to well-articulated smart development policies of the government and complemented by the financial inclusion strategy of the central bank,” Rahman added.
He suggested that the country continue to promote an inclusive growth process which was adaptive to climate change, led by the private sector, SME focused and supported by widespread digitisation, including the burgeoning e-commerce.
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