Bangladesh to attain double-digit growth in future: Razzaque | 2019-03-19 | daily-sun.com

Bangladesh to attain double-digit growth in future: Razzaque

Staff Correspondent

18th March, 2019 10:54:52 printer

Agriculture Minister Dr M Abdur Razzaque on Monday said Bangladesh is doing well in achieving healthy GDP growth in continued basis and hoped that the country would also be able to attain the double digit growth in future.

“We need to keep up political stability, transparency and accountability to maintain the current momentum of the economy,” said Razzaque while addressing an appraisal meeting on the completed evaluation report on the 6th Five Year Plan as chief guest held at the Krishibid Institution, Bangladesh in the city.

Highlighting the successes of the government in different socio-economic fields over the last 10 years especially in alleviating poverty, he said that the poverty rate has now come down below 22 percent while target is there to further reduce it to 12 percent by 2023.

The minister also expected that the private investment, that remained low,  will get pace in the next two to three years as the country maintaining a steady GDP growth.

 “It’s my firm belief that both the public and private investment in the country would increase further within the next two to three years.”

The Agriculture Minister also underscored the need for creating more employments, boosting the manufacturing sector as well as the domestic market, further improving the quality of education, reaching the urban facilities to the rural level and further addressing the inequality.

 Chaired by Planning Minister MA Mannan, Principal Coordinator on SDG Affairs at the Prime Minister’s Office Md Abul Kalam Azad, renowned economist Dr Wahiduddin Mahmud spoke on the occasion as special guests. General Economics Division (GED) Member of the Planning Commission Prof Dr Shamsul Alam made the key-note presentation.

The Agriculture Minister also underscored the need for creating more employments, boosting the manufacturing sector as well as the domestic market, further improving the quality of education, reaching the urban facilities to the rural level and further addressing the inequality.

 Chaired by Planning Minister MA Mannan, Principal Coordinator on SDG Affairs at the Prime Minister’s Office Md Abul Kalam Azad, renowned economist Dr Wahiduddin Mahmud spoke on the occasion as special guests. General Economics Division (GED) Member of the Planning Commission Prof Dr Shamsul Alam made the key-note presentation.

 Planning Minister MA Mannan said Bangladesh is now considered as ‘miracle’ and ‘surprise’ before the global arena. He said that they would consider the results of the final evaluation report of the 6th Five Year Plan before finalizing the next or 8th Five Year Plan.

 Stressing the need for more budgetary allocation in transport, health and education sectors alongside other sectors, Mannan also put importance on addressing the existing inequality.

 Renowned economist Dr Wahiduddin Mahmud said the successes under the 6th Five Year Plan include exceeding target in lowering poverty, increasing life expectancy, giving power connections and lowering the under-five mortality rate.

 He, however, said during the period the adoption of birth control method almost remained stagnant while target is not achieved in ensuring children’s nutrition.

 The former DU professor of economics noted that the biggest failure of the 6th Five Year Plan.


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