Addressing resource gap, inequality stressed to implement SDGs

block
Economic Reporter :
Speakers at a discussion on Tuesday stressed addressing resource gap, inequality and extreme poverty, and scaling up private sector involvement aiming to successfully implement the 7th Five Year Plan (7FYP) and attain the Sustainable Development Goals (SDGs).
They also put emphasis on the Public Private Partnership (PPP) initiatives as a way to meet the resource gap alongside addressing the growing floating population in cities, export diversification, ensuring the quality of education and inclusiveness to help forward the country in attaining the targets of the rest of 7FYP and the SDGs.
The speakers came up with the suggestions and observations at a keynote session titled ‘Implementation of the 7th FYP and the SDGs: Challenges and way Forward’ on the opening day of the two-day Bangladesh Development Forum-2018 held at Sonargaon Hotel in the capital.
Chaired by Finance Minister AMA Muhith, the session was addressed, among others, by PM’s Principal Secretary Md Nojibur Rahman, BRAC Chairman Sir Fazle Hasan Abed, ADB Vice President Wencai Zhang, World Bank Country Director Qimiao Fan, UN Resident Coordinator Mia Seppo, EU Ambassador in Dhaka Rensje Teerink, and Secretary in Charge of the Finance Division Mohammad Muslim Chowdhury.
General Economics Division (GED) member of the Planning Commission Dr Shamsul Alam made the key-note presentation.
Speaking on the occasion, Muhith reiterated that financing of the SDGs is a serious problem, saying that widespread involvement of private sector side by side the PPP initiatives in a much wider scale can be a way forward to meet this resource gap.
He said the country’s aid dependency is now very limited as it accounts for only 1.3 percent of the GDP. “But, I feel that although it’s a very small amount, it’s very important.”
The Finance Minister said the Awami League government over the last nine years of its tenure has been trying its best to improve the budgeting process as digitalisation is being made in budget preparing process: “We’ll continue with this improvement effort.”
Fazle Hasan Abed said: “I strongly believe that by building partnership and making a meaningful collaboration among the government, civil society organisations and private sector, we can contribute to the next phase of the country’s development.”
block