A coordinated economic policy is a must for accelerating the economic growth of the country.
Speakers at a seminar yesterday called for establishing harmonisation in the economic policies for ensuring further economic growth of Bangladesh.
They made the call at the seminar titled “Harmonisation of Economic policies in Bangladesh” organised by the Board of Investment (BoI) held at BIAM auditorium in the capital. Executive Chairman BoI S A Samad moderated the seminar.
The speakers also urged the government to bring harmonisation in between the market price and the field level price of the agricultural products to increase production, ensuring best price for the farmers.
Planning Minister A H M Mustafa Kamal said, “To make decisions on time and to stop extra expenditures are the main keys to attain the goal for becoming a middle-income country by 2021.”
In the Sixth Five Year Plan, the government has given importance on workers’ productivity and product diversification. And in the Seventh Five Year Plan, importance would be given on banking, bond market, acquisition and merger, hinted Mustafa Kamal.
“We should concentrate on the urbanisation process and it should also be complied with the harmonisation, convergence and compatibility, as the urbanisation rate would be 67% in 2050,” said Kamal.
Establishing harmonisation among the government organisations is a must to accelerate the economic growth, viewed Mohiuddin Khan Alamgir, chairman of the Parliamentary Standing Committee on Public Accounts, while presenting his keynote paper.
“Harmonisation, convergence and compatibility are the keys of economic growth of a country,” said Khan.
Regarding the current bank interest rate, Khan also observed, “Any businessmen would be able to establish business with the existing bank interest rates.”