Behaviour of banks needs to be changed urgently: Muhith
Sunday, 15 November 2009
Finance Minister Abul Mal Abdul Muhith Saturday squarely blamed the foot-dragging bureaucracy and banks for destroying the business-friendly atmosphere in the country, reports UNB.
"The atmosphere in Bangladesh is business-friendly. We are destroying this atmosphere - especially our bureaucracy and banks are destroying this," he said, without elaborating.
"It's very urgent to have a change in the behaviour of the banks," the finance minister said while addressing a roundtable titled 'World Economic Recession:
Bangladesh Perspective' at CIRDAP auditorium.
On the imperative for ensuring law and order in the export-oriented apparel sector, he viewed that only the police would not be enough to maintain law and order in this sector. "There should be industrial police and intelligence, too."
About the introduction of public-private partnership (PPP) as the latest development paradigm, the finance minister expressed the hope that they would be able to make it functional in December, but not this November.
He said the government was relying on it very much. "We could increase our investment through PPP like the Labour Party did in the UK."
On the Coal Policy, he said that it would take time to get the policy in place, which was likely to happen next year. He said that they would go for tender to have a coal-fired power plant that would take four to five years.
The finance minister once again had a harsh word for the chronically sick industries as he suggested that the industries lying sick for over 15 years should be dead and gone.
On the demand for special exchange rate on the foreign remittances, the minister ruled out any possibility of having such special rate but assured of considering some other incentives for the wage earners abroad.
"The atmosphere in Bangladesh is business-friendly. We are destroying this atmosphere - especially our bureaucracy and banks are destroying this," he said, without elaborating.
"It's very urgent to have a change in the behaviour of the banks," the finance minister said while addressing a roundtable titled 'World Economic Recession:
Bangladesh Perspective' at CIRDAP auditorium.
On the imperative for ensuring law and order in the export-oriented apparel sector, he viewed that only the police would not be enough to maintain law and order in this sector. "There should be industrial police and intelligence, too."
About the introduction of public-private partnership (PPP) as the latest development paradigm, the finance minister expressed the hope that they would be able to make it functional in December, but not this November.
He said the government was relying on it very much. "We could increase our investment through PPP like the Labour Party did in the UK."
On the Coal Policy, he said that it would take time to get the policy in place, which was likely to happen next year. He said that they would go for tender to have a coal-fired power plant that would take four to five years.
The finance minister once again had a harsh word for the chronically sick industries as he suggested that the industries lying sick for over 15 years should be dead and gone.
On the demand for special exchange rate on the foreign remittances, the minister ruled out any possibility of having such special rate but assured of considering some other incentives for the wage earners abroad.