Govt policies to help economic recovery: Dr Mashiur

Staff Correspondent

17 February, 2021 12:00 AM printer

The government has kept the policies on the right track for managing the pandemic-induced crisis to sustain the growth momentum, Economic Affairs Adviser to the Prime Minister Dr Mashiur Rahman said on Tuesday.

Addressing a webinar of Dhaka Chamber of Commerce and Industries (DCCI) on Tuesday, Dr Mashiur suggested all to be optimistic as the government has come up with various policy supports for the private sector and urged the private sector to utilise them.   

The contribution of rural economy and agriculture are significant to keeping the economy vibrant amid the pandemic, he noted. 

“Demand is little bit subdued. However, the private sector needs to raise productivity now. Bangladesh’s exports have been reasonably well despite the pandemic, while remittance has also increased,” he added.   

Advisor Dr MashiurRahman connected to the webinar as the chief guest while DCCI chief Rizwan Rahman presided over the session.

Former Bangladesh Bank Governor Dr Atiur Rahman, Policy Research Institute (PRI) executive director Ahsan H Mansur and Policy Exchange Chairman Masrur were special discussants in the meeting.

According to an macroeconomic assessment of DCCI for the last 6 months, the economy is progressing in the right direction despite manifold corona-led challenges.

DCCI President Rizwan Rahman mentioned there are some rooms for further development for private sector as both public and private sectors can go hand in hand in the days ahead towards the road to recovery to achieve the game-changing economic transformation of Bangladesh by 2041.

Former Governor Atiur Rahman said the CMSMEs and agriculture sector should get more priority as these are the lifeline of our economy though government has eased some policy measures to ensure liquidity in the banking sector.

PRI executive director Dr Ahsan H Mansur underscored the importance of reducing poverty rate and the government needs to give support for the increase of production and employment generation.

Policy Exchange Chairman Dr Masrur Reaz said suggested for employment protection through the next stimulus packages.