Desk Report: Economists and energy experts on Sunday urged the government to take sustainable measures for a stable macro economy of the country considering the current economic problems are going to stay longer.
They observed that such crisis is not short-term in nature. So it will not be easy to get rid of the crisis soon. The current government’s measures are mostly short-term in nature. An effective and innovative long-term action plan is to be required to tackle the situation.The remarks came at discussion meeting titled ‘Recent Economic Challenges: How Risky It is’ organized by Center for Policy Dialogue (CPD), a private think tank held in its office at Dhanmondi.
Dr Fahmida Khatun, executive director of CPD gave a presentation on the present economic situation.
Former advisers of caretaker government Dr AB Mirza Azizul Islam and Dr Hossain Zillur Rahman, ex-governor of Bangladesh Bank Dr Salehuddin Ahmed, professor of BUET and former energy adviser of the caretaker government M Tamim, CPD distinguished fellow professor Mustfizur Rahman and vice-president FBCCI Mostafa Azad Chowdhury spoke on the present economic situation.
Mirza Aziz said incentive is not enough to increase inflow of remittance. It needs manpower export market diversification and focused skilled manpower export to recover from foreign exchange deficit.
He also called for looking into the import order along with strengthening the monitoring to stop money laundering through over-invoicing and check that goods are really imported or not.
M Tamim said the government had deals with oil-based power plants for 3 to 5 years, but even after 12 years 3500 MW electricity is being purchased from oil-run power plants which have created an economic burden now.