He said there will be no poverty in Bangladesh after 2030
Former finance minister Abul Maal Abdul Muhith has said Bangladesh needs more research institutions in order to continue its economic growth.
"Research leads to new thinking that helps to formulate good policies. BIDS is playing a good role in development policy. More research institutions are needed," Muhith said at the Research Almanac 2019 on Sunday.
Bangladesh Institution of Development Studies (BIDS) organized the two-day conference at a Dhaka hotel, reports UNB.
The event is covering topics on agriculture and rural non-farm sector, poverty and unemployment, macro model, industry and firm performance, urbanization and social change and renewable energy, and climate change adaptation.
Speaking as the chief guest at the inaugural conference, Muhith said there are around 30 million poor people in Bangladesh.
"There will be no poverty in Bangladesh after 2030. The country recorded good growth over the last several years. Besides, the social development index is doing well. But our weak side is that we do not have good research institutions here," he said.
Muhith said Bangladesh needs to have more discussions with India in regard to economic issues.
Former Finance Minister M Saiduzzaman expressed worries about the fact that public and private universities are not engaging in enough research. He also noted that Bangladesh's banking sector is not doing well.
"We have to find ways to improve the sector," he added.
Dr Shamsul Alam, senior secretary at the General Economics Division (GED) of Bangladesh Planning Commission, and Planning Division Secretary Nurul Amin were also present, while BIDS Director General KAS Murshid chaired the event.
The closing session titled ‘Reviewing Bangladesh’s Development Strategy’ will be chaired by Dr Murshid. Planning Minister MA Mannan is expected to attend the session as the chief guest.