Productive investment required

Cross-border transfer of money in terms of capital flight or money laundering has decreased in view of health risks during the pandemic, suggest various reports. However, in Bangladesh, easy money is available to some people while the majority are struggling with economic activities. The amount of black money that is legalised has increased several times while many are going to the share market to invest their money. We've read reports that banks are full of idle money.

In such circumstances, what is clearly missing is enthusiasm for productive investments that can also create jobs for millions. It's understandable that the current focus is on contingency measures to overcome corona effects but it's also time for planning to rebuild the economy and restore post-pandemic lives. Otherwise, most of the people would be deprived of opportunities of different kinds they need to sustain in the coming days.

Zafar Iqbal

Winnipeg, Canada

[email protected]