• Wednesday, Dec 19, 2018
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Tofail criticizes CPD for its report on economic development

  • Published at 08:10 pm January 14th, 2018
Tofail criticizes CPD for its report on economic development
Commerce Minister Tofail Ahmed on Sunday said the report of Centre for Policy Dialogue (CPD) on the economic development came as a surprise to the people of the country because CPD is criticizing the development activities at a time when Bangladesh is going to graduate from LDCs in March this year. "CPD does not find any development in the country when World Bank and other renowned local and foreign economists, researches and research organizations are highly praising Bangladesh's socioeconomic achievements," said Tofail while talking to journalists after a meeting with Swedish Ambassador to Bangladesh Charlotta Schlyter at his ministry in Dhaka. "There is no difference between the statements of CPD and BNP," he said. The minister said the rate of poverty was 43% in 2006 but it has come down to 22.4% now. The rate of hardcore poor came down to 11.9% from 17.6% during this period, he added. With successful implementation of SDGs the rate of hardcore power will come down to 3% in 2030, he said, adding that the government has initiated long-term programs under social safety net to eliminate poverty from the country. He said Bangladesh exported goods worth $10.53 billion in 2005-2006 and its total export stood at $35 billion in fiscal year 2016-17. The country's forex reserves have stood at $32 billion and it received $35 billion as remittances, he added. The commerce minister said the Awami League government increased power generation to 16,043 megawatt (MW) from only 3,000 MW and now country's 83% people are getting electricity. Per capita income is now $1610 and the literacy rate is 71%, he said, adding that Bangladesh is now exporting medicines to 122 countries.