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PM stresses again on reining in inflation

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BSS, Dhaka :
Prime Minister Sheikh Hasina on Tuesday stressed again on reining in inflation in the country through various efforts and government policies alongside preventing unnecessary expenditure and wastage of the public fund.

The premier gave the directive while chairing a meeting of the Executive Committee of the National Economic Council (ECNEC) as its chairperson held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area.

Briefing reporters after the meeting, Planning Minister MA Mannan said that the prime minister once again put emphasis on reducing the inflation rate through various government measures and policies.

“But, it’s not possible to bring down inflation by force or overnight.

We’ve brought down inflation over the last four months and I think the inflation rate will also decline in the outgoing month,” he added.

Mannna said the prime minister also underscored the need for averting wastage and unnecessary expenditure of the public fund.

“But, necessary expenditure should have to continue, otherwise the economy will not move forward,” he quoted the prime minister.

The premier also directed all the concerned executing agencies to complete those projects with high priority that are nearing completion or have witnessed up to 90 per cent implementation rate.

Referring to the joining of Bangladesh in the New Development Bank (NDB), an initiative of BRICS, Sheikh Hasina said the NDB gas opened up a new window for Bangladesh as the country would now be able to take loans from the bank apart from other lenders like World Bank, Asian Development Bank, AIIB and IsDB.

“This is the sign of our enhanced capacity and now we’ll be able to take loans from where we’ll get better outcomes through negotiations,” she added.

The premier asked the authorities concerned not to make concrete downstream of canals as those often create water logging side by side and directed the Ministry of Water Resources and the Local Government Division to construct the sluice gates across the country cautiously considering the sustainable maintenance and operations of those.

Referring to a project in Hatia island, she suggested building up a green belt or afforestation surrounding the island as in the Sundarbans.

Pointing to the project related to the modernisation of hospitals, the PM asked all concerned including the Ministry of Health to ensure infrastructure necessary manpower and necessary medical equipment in parallel so that those could be operated in full swing from the very beginning.

“Scarcity of manpower, machinery and equipment is not at all acceptable and we’ll have to be cautious in this regard,” Mannan again quoted the premier.

The PM also suggested encouraging the youths to surf in Cox’s Bazar as well as searching for funds from the climate fund for re-excavating the Shubhadda Khal.

When answering to a question about the joining of Bangladesh into the BRICS, Mannan said Bangladesh in this regard is already in the ‘Verenda’ of a house and waiting to enter the main room with other countries.’

He said Bangladesh has availed one per cent share into the NDB of BRICS and hopefully the country would join the BRICS in future through the completion of some formalities.

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