Economic Reporter :
Speakers at a seminar on Wednesday underscored the need for increasing investments in human capital to utilise the benefits of Bangladesh’s demographic dividend and impressive growth.
They also said better and diversified investment instruments should be there in place in the country rather than savings certificate so that people are encouraged for savings and investment.
Social Development Foundation (SDF) arranged the seminar titled ‘Rural Transformation and Entrepreneurship Development in Bangladesh’ at a city hotel.
Prime Minister’s Economic Affairs Adviser Dr Mashiur Rahman said the government set up SDF as a homegrown enterprise to address the issue of poverty and resolve the problems of the poor, and later the World Bank and other donors and aid agencies joined it as its supporting hands.
“Avoiding duplication indicates that you know a wide variety of intervention mechanisms. If poverty doesn’t have a widely varied character, most probably your interventions will not be widely diversified,” he said. The PM’s Adviser said one of the problems the country is badly facing now is a large number of ministries are engaged in more or less the same kind of activities.
“They’re doing it as they don’t know about wide variety of intervention mechanisms. When we’ve more efficient and better alternatives, we should switch from the less efficient to more efficient alternatives. Otherwise, we might be spending more money on less-efficient alternatives and get less results,” he said.
He also said “I think our investment instruments are very inadequate. We should have better and diversified investment instruments rather than saving certificates so that people are encouraged for savings and investment.”
Dr Mashiur also focused on professionalism for delivering better services and help the government steer the country towards rapid progress. Arijit Chowdhury, Additional Secretary of the Finance Ministry, said as the country’s economy is growing faster, higher labour productivity is essential to diversify the economy as the demand of high-level skill is also growing.
“Investment in human capital is required to utilise the benefits of Bangladesh’s demographic dividend,” he also said.
He said the SDF successfully implemented many pro-poor projects while it is now in the final year of completing the Nuton Jibon Livelihood Improvement Project (NJLIP).
Speakers at a seminar on Wednesday underscored the need for increasing investments in human capital to utilise the benefits of Bangladesh’s demographic dividend and impressive growth.
They also said better and diversified investment instruments should be there in place in the country rather than savings certificate so that people are encouraged for savings and investment.
Social Development Foundation (SDF) arranged the seminar titled ‘Rural Transformation and Entrepreneurship Development in Bangladesh’ at a city hotel.
Prime Minister’s Economic Affairs Adviser Dr Mashiur Rahman said the government set up SDF as a homegrown enterprise to address the issue of poverty and resolve the problems of the poor, and later the World Bank and other donors and aid agencies joined it as its supporting hands.
“Avoiding duplication indicates that you know a wide variety of intervention mechanisms. If poverty doesn’t have a widely varied character, most probably your interventions will not be widely diversified,” he said. The PM’s Adviser said one of the problems the country is badly facing now is a large number of ministries are engaged in more or less the same kind of activities.
“They’re doing it as they don’t know about wide variety of intervention mechanisms. When we’ve more efficient and better alternatives, we should switch from the less efficient to more efficient alternatives. Otherwise, we might be spending more money on less-efficient alternatives and get less results,” he said.
He also said “I think our investment instruments are very inadequate. We should have better and diversified investment instruments rather than saving certificates so that people are encouraged for savings and investment.”
Dr Mashiur also focused on professionalism for delivering better services and help the government steer the country towards rapid progress. Arijit Chowdhury, Additional Secretary of the Finance Ministry, said as the country’s economy is growing faster, higher labour productivity is essential to diversify the economy as the demand of high-level skill is also growing.
“Investment in human capital is required to utilise the benefits of Bangladesh’s demographic dividend,” he also said.
He said the SDF successfully implemented many pro-poor projects while it is now in the final year of completing the Nuton Jibon Livelihood Improvement Project (NJLIP).
