Finance Minister AMA Muhith identifies six challenges to Bangladesh economy

Finance Minister AMA Muhith has identified six 'challenges' that hinder the economic health of Bangladesh and promised the government would overcome those challenges.

Talking to parliament on the state of implementation of the various financial schemes and giving an account of the income and expenditure during the first quarter of the 2016-17 fiscal on Sunday, he named six areas that threaten to gag the economic development of the country.

The areas he identified include low remittance inflow, high rate of savings certificates, lack of proper implementation of the annual development plan, lack of medium and high skilled human resource in the industry, restoring discipline and equilibrium to the economy and reforms in the administrative and other areas to usher in ‘welfare governance’.

He also came up with steps that the government had taken in response to each of these.

"Various steps have been taken to export human resource. (I) hope remittance will increase", he said speaking of the steps taken to counteract the first challenge.

He said that various measures have been taken to augment development and asserted that more positive steps are expected.

He also said that necessary steps have been taken to take care of the other challenges.