White Paper on economy submitted to CA Yunus
The committee, formed on 28 August, was given three months to prepare the report, which aims to provide a clearer picture of the economy plagued by years of mismanagement and distorted data
The "White Paper on State of the Bangladesh Economy" was submitted to Chief Adviser Prof Muhammad Yunus today (1 December).
Debapriya Bhattacharya, head of the White Paper Committee, and other members of the body submitted the document to the chief adviser at his office in Tejgaon, Dhaka.
Last Thursday, Debapriya Bhattacharya said the white paper will recommend measures for the government to boost the confidence of foreign investors and lenders, encouraging them to continue their activities here.
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Debapriya had said the final White Paper document will be submitted to Yunus on Sunday (1 December), and the findings will be made public through a press conference on Monday (2 December).
The document will feature 22 chapters covering topics such as inflation, GDP growth, the banking sector, external balance, power and energy, the quality of statistics, government debt, revenue, expenditure, mega projects, poverty and inequality, etc.
The committee, formed on 28 August, was given three months to prepare the report, which aims to provide a clearer picture of the economy plagued by years of mismanagement and distorted data.
Meanwhile, another source in the White Paper committee told The Business Standard yesterday (30 November) that of the $60 billion invested in the Annual Development Programme and other development projects over the past 15 years of the now-ousted Awami League regime, $14-$24 billion (equivalent to around Tk1.61-Tk2.8 lakh crore) has been lost to political extortion, bribery and inflated budgets.
Last week, another member of the White Paper Committee said that despite significant loan defaults by influential industries like S Alam Group, the then-governor of Bangladesh Bank, Abdur Rouf Talukder, prevented these defaults from being classified.
Such intervention enabled S Alam Group and its associated institutions to secure huge amounts of loans under questionable circumstances, the member told The Business Standard on condition of anonymity.
The committee has also uncovered that the ousted Awami League government disclosed a much lower figure on overall loan defaults and distressed assets in the banking sector.
