‘Bangladesh should think twice before taking foreign loans’

Metro Desk

13 April, 2019 12:00 AM printer

‘Bangladesh should think twice before taking foreign loans’

Guests attend a seminar titled on ‘Debt Trap Diplomacy & Regional Threat’ held at a city hotel on Friday. - SUN PHOTO

Human rights activist Dr Richard L Benkin said Bangladesh should think twice before taking any big foreign loans in the country’s developments works.

He made the remarks while addressing as chief speaker at a daylong seminar tilted on ‘Debt Trap Diplomacy & Regional Threat’ held at a city hotel on Friday. The Asian Age, a national english broadsheet, orgainised the seminar.

In his speech, the US scholar Dr Benkin also said, ‘Bangladesh economy grew 7.86 percent last fiscal year and expected that GDP will grow a record 8.13 percent this fiscal year. But the country should be very cautious about getting involved in ambitious mega projects as it may ultimately become a trap.’

Editor-in-Charge of the organisation Syed Badrul Ahsan delivered the welcome speech in the programme while Advisory Editor Major General (Retd) M Shamim Chowdhury moderated it.

Chairman of the newspaper’s editorial board M Shoeb Chowdhury delivered the votes of thanks.

Among others, Managing Editor of the newspaper Abdul Mabud, former secretary and Chairperson of Environment and Social Development Organization (ESDO) Syed Marghub Murshed, Chairman of Centre for Governance Studies (CGC) Professor Ataur Rahman, organizing secretary of the ruling Awami League BM Mozammel Haque, Honorary Consul of Djibouti in Dhaka Abdul Haque, former Mayor of Chittagong City Corporation Mahmudul Islam Chowdhury, President of Bangladesh Journalists' Foundation for Consumers & Investors (BJFCI) Faruk Ahmed, Lecturer of Bangladesh University of Professionals (BUP) Sanjida Farhana and  Programme Associate of Centre for Policy Dialogue (CPD) Rafia Rowshan Khan were present.