Bangladesh already in middle-income trap: White Paper Committee

It said the AL authorities’s dedication to “hold to political strength by rigged elections overpassed the stout prices of these developmental suggestions the put the authorities, linked companies and elite bureaucracy place democratic accountability on the motivate burner

TBS Document

01 December, 2024, 05:00 pm

Closing modified: 01 December, 2024, 05:04 pm

The center profits boost entice just isn’t any longer lurking to any extent further, it’s some distance right here in Bangladesh, the draft of the White Paper on Relate of Bangladesh Financial system has said.

Pronouncing there modified into boost in the earlier regime, the committee stumbled on that it modified into no longer as great as made out to be.

The paper also slated the AL authorities’s developmental suggestions.

“A coverage of the vogue of capital-intensive Fast Transferring User Goods (FMCG) and heavy industries (steel, cement) and prioritising the erection of ‘temples of vogue’ such as the mega initiatives in strength and transport sidelined investing in slight and medium entrepreneurs and farmers or the vogue of existing cities to invent them liveable and, more on the full, the Sustainable Boost Targets.

It said the AL authorities’s dedication to “hold to political strength by rigged elections overpassed the stout prices of these developmental suggestions the put the authorities, linked companies and elite bureaucracy place democratic accountability on the motivate burner.”