Former Bangladesh Bank Governor Atiur Rahman said that country’s Delta Plan 2100 will be able to ensure long-term national commitment of the government for sustainable development ecologically.
Prof Atiur also referred the development paradigm of the country while addressing a meeting of Switzerland-Bangladesh Chamber of Commerce and Industry (SBCCI) in Dhaka recently.In the keynote paper, Atiur highlighted the progress of the nation mostly driven by inclusive socio-economic development.
“The government has cleared the Delta Plan- 2100 as a long-term strategy to prevent floods and soil erosion, manage rivers and wastes, and supply water throughout the century,” he said.
The government will initially take 80 projects to implement at six ‘hotspots’ by 2030 at an estimated cost of $37.5 billion in the first phase of the plan.
Prof Atiur said, “A perspective plan (2010-2021) and two five year plans have moved the nation from investment-driven and resource dependent framework to a broader socio-economic transformation vision.”
He said Bangladesh has indeed journeyed from ‘ashes to prosperity’ and today it has become the role model for inclusive development.
Mentioning the impact of this strategy of inclusive development, Prof Atiur pointed out those improvements in terms of macro-economic indicators stand as testament to success of the prudent policies and strategies followed by the government, particularly during the last decade.Average GDP growth rate for the last decade has been 6.4 percent (reached 7.65 percent in FY 2017-18). Inflation has been kept under control (just over 5 percent in FY 2017-18). Poverty and extreme poverty have been reduced to 23 percent and 12 percent respectively, according to the former governor.
Prof Atiur also claimed that over 19 percent population will belong to the middle and affluent class by 2025.
Prof Atiur also cautioned that there will be some challenges to overcome including- creating adequate employment, depleting fossil fuel sources and need for export diversification, need to increase agricultural production, and ensuring continued financial stability. He opined that the policymakers ought to focus on promoting digitization, facilitating SMEs, enabling environment for higher level of investment by private sector including greening of the RMG sector, modernization of agriculture and linking higher education with the industry.
SBCCI President Naquib Khan, Swiss Embassy Political, Economic and Cultural Affairs Head Christoph Fuchs and Dhaka University Prof Shibli Rubayat ul Islam were, among others, present on the occasion.