Publish: 21:52, 16 May, 2024

PM for speedy completion of foreign funded projects

Online Desk
PM for speedy completion of foreign funded projects
সংগৃহীত ছবি

Prime Minister Sheikh Hasina on Thursday asked the authorities concerned of all ministries and divisions to complete the foreign aided and grant projects speedily with additional efforts if required to expedite the country's development spree further.

The premier gave the directives while chairing the National Economic Council (NEC) meeting at the NEC Conference Room in the city's Sher-e-Bangla Nagar area. The NEC approved a Taka 2.65 lakh crore ADP for the next fiscal year (FY25), reports BSS. 

Briefing reporters after the meeting, Planning Division Senior Secretary Satyajit Karmakar said that the Prime Minister also directed the authorities concerned to reappoint the project directors and other officials in their specialized areas after completion of their training in concerned fields.

Planning Minister Major General (retd) Abdus Salam, State Minister for Planning Md Shahiduzzaman Sarker, Planning Commission members and secretaries concerned attended the briefing.

Instead of not taking smaller projects, Satyajit said the premier advocated for taking district-based projects and thus entrusting the district-level officials for overseeing those projects.

Renewing her call for creating a pool of project directors, Sheikh Hasina emphasized again on imparting necessary training to those projects directors and officials who lack training.

In order to enhance the implementation rate of the foreign aided projects, the Prime Minister asked the concerned ministries and divisions to apprise the ECNEC in every three months about the implementation progress of their respective aided projects to infuse dynamism in the implementation pace.

The premier also directed the Implementation, Monitoring and Evaluation Division (IMED) to take necessary steps to bring those firms who conduct feasibility study under a registration process so that quality feasibility study could be conducted in different fields.

Planning Minister Abdus Salam said that the NEC meeting approved all proposals which were made in the extended meeting held on May 7.

He said since most of the projects are taken as upazila-based for which lack of coordination was seen to some extent. It was proposed in the meeting to take district-wise projects and the NEC discussed it positively.

He said that the members of parliament would be engaged in framing the district-wise participatory master plan up to five years for the districts while those would be made realistic. Even the upazila chairmen will be involved in the process, added the minister.

Salam also said that more development operations would be conducted in the areas of rural infrastructures, health, education, and communication.

He said that filtering in project selection is much strong now while no unnecessary or meaningless project is being taken.

Terming the alleviation of poverty rate at 18.7 percent in the country is a matter of achievement, he expressed his resolve that Bangladesh would become 'Sonar Bangla' as dreamt by Father of the Nation Bangabandhu Sheikh Mujibur Rahman with the united efforts of all.

State Minister for Planning Md Shahiduzzaman Sarker hoped that all concerned would supplement the government's efforts in building a 'Smart Bangladesh' as envisioned by Prime Minister Sheikh Hasina.

He told a questioner that the Planning Commission was cautious enough this time so that no unnecessary project is undertaken in this fresh ADP. "The ADP size this time couldn't become much bigger than the outgoing fiscal year, which proved that we remained very cautious in project selection."

Replying to a question, the planning minister said the ultimate goal of the government is to ensure that no one leaves behind adding that the government is trying to minimize the 'lagging behind' term in the development process.

Planning Secretary Satyajit Karmakar said the Prime Minister has directed the Planning Commission to enforce strict monitoring so that the ADP implementation becomes better in the next fiscal year.

He said that the budget for the next fiscal year (FY25) aims to control inflation through ensuring coordination between the monetary policy and fiscal policy.

Mentioning that the proportion and percentage of aided projects remains almost same now compared to the past, Satyajit said the scope and coverage of the social safety nets would be widened further in the next fiscal year in a bid to give relief to the common people from the inflationary pressure. "It's also aligned with the philosophy of the Prime Minister which is 'inclusive development,"

Responding to another question, he said the dependency of government on foreign aided projects has not increased compared to the past in terms of percentage, but the volume or amount of such projects has increased.

Satyajit said it would be better for the government to utilize as much as foreign loans and grants by 2026 to expedite the development process as the country would be losing many of its existing facilities in 2026 due to its LDC graduation.

He said although there are some mismatches in the fresh ADP in line with the 8th Five Year Plan due to the COVID-19 impacts, Russia-Ukraine War, but the allocations against the education, health and agriculture sectors have increased this time compared to the last fiscal year.

The Planning Secretary told another questioner that the issue of changing the fiscal year is a political matter or decision.

IMED Secretary Abul Kashem Md Mohiuddin said that the Prime Minister has reminded of all secretaries of concerned ministries and divisions that they need to do more to further increase the implementation rate of development projects.

He also informed that the ADP implementation rate during the July-April period of the current fiscal year (FY24) is 49.26 percent which was 50.33 percent in the same period of the previous fiscal year (FY23).

Bd pratidin English/Lutful Hoque

 

More News
Its not possible to join polls amid a chaotic environment: Manna
Its not possible to join polls amid a chaotic environment: Manna
Dengue: 7 die, 837 hospitalised 24 hrs
Dengue: 7 die, 837 hospitalised 24 hrs
'I consider myself a son of Rangpur,' CA Yunus tells Abu Sayed's family
'I consider myself a son of Rangpur,' CA Yunus tells Abu Sayed's family
ISKCON won't take responsibility for expelled Chinmoy Krishna Das
ISKCON won't take responsibility for expelled Chinmoy Krishna Das
Integrated planning essential for eco-friendly tourism development and coastal area protection: Environment Advisor
Integrated planning essential for eco-friendly tourism development and coastal area protection: Environment Advisor
Supreme Court Bar Association demands ban on ISKCON
Supreme Court Bar Association demands ban on ISKCON
Various plots activated when journey towards elections began: Golam Parwar
Various plots activated when journey towards elections began: Golam Parwar
SC helpline receives 723 calls in 2 months of launching
SC helpline receives 723 calls in 2 months of launching
Autocrat's associate orchestrating events deliberately: Mirza Fakhrul
Autocrat's associate orchestrating events deliberately: Mirza Fakhrul
RMG workers block Dhaka-Tangail highway over unpaid wages
RMG workers block Dhaka-Tangail highway over unpaid wages
Abdul Hakim appointed as Bangladesh Press Council chairman
Abdul Hakim appointed as Bangladesh Press Council chairman
Officials to hold demo inside Secretariat next Wednesday
Officials to hold demo inside Secretariat next Wednesday
Latest News
Its not possible to join polls amid a chaotic environment: Manna
Its not possible to join polls amid a chaotic environment: Manna

8 minutes ago | National

One gets life-term in Narail drug case
One gets life-term in Narail drug case

36 minutes ago | City

BPL football begins tomorrow
BPL football begins tomorrow

46 minutes ago | Sports

Dengue: 7 die, 837 hospitalised 24 hrs
Dengue: 7 die, 837 hospitalised 24 hrs

46 minutes ago | National

'I consider myself a son of Rangpur,' CA Yunus tells Abu Sayed's family
'I consider myself a son of Rangpur,' CA Yunus tells Abu Sayed's family

1 hour ago | National

Landslides bury 40 homes in Eastern Uganda, 13 dead
Landslides bury 40 homes in Eastern Uganda, 13 dead

1 hour ago | International

ISKCON won't take responsibility for expelled Chinmoy Krishna Das
ISKCON won't take responsibility for expelled Chinmoy Krishna Das

1 hour ago | National

Integrated planning essential for eco-friendly tourism development and coastal area protection: Environment Advisor
Integrated planning essential for eco-friendly tourism development and coastal area protection: Environment Advisor

1 hour ago | National

Supreme Court Bar Association demands ban on ISKCON
Supreme Court Bar Association demands ban on ISKCON

2 hours ago | National

Various plots activated when journey towards elections began: Golam Parwar
Various plots activated when journey towards elections began: Golam Parwar

2 hours ago | National

4,000 Hezbollah fighters may killed in war with Israel
4,000 Hezbollah fighters may killed in war with Israel

2 hours ago | International

Unilever Bangladesh launches Sustainability Blue Book 2024 at an event
Unilever Bangladesh launches Sustainability Blue Book 2024 at an event

2 hours ago | Corporate Corner

Lebanon truce ‘strategic, humiliating defeat’ for Israel: IRGC
Lebanon truce ‘strategic, humiliating defeat’ for Israel: IRGC

2 hours ago | International

TikTok to ban beauty filters for teens
TikTok to ban beauty filters for teens

3 hours ago | Tech

Stokes opted out of IPL bidding to prolong international cricket career
Stokes opted out of IPL bidding to prolong international cricket career

3 hours ago | Sports

Publication of economic white paper Monday: Debapriya
Publication of economic white paper Monday: Debapriya

3 hours ago | Economy

SC helpline receives 723 calls in 2 months of launching
SC helpline receives 723 calls in 2 months of launching

3 hours ago | National

Australia passes bill that would ban young children from social media
Australia passes bill that would ban young children from social media

4 hours ago | International

Dhaka and Seoul kick off negotiation to sign EPA
Dhaka and Seoul kick off negotiation to sign EPA

4 hours ago | Economy

Ram Gopal Varma challenges Sandeep Reddy Vanga to create a film better than Baahubali
Ram Gopal Varma challenges Sandeep Reddy Vanga to create a film better than Baahubali

4 hours ago | Entertainment

New Mexico man awarded $412 million medical malpractice payout for botched injections
New Mexico man awarded $412 million medical malpractice payout for botched injections

4 hours ago | Tech

Autocrat's associate orchestrating events deliberately: Mirza Fakhrul
Autocrat's associate orchestrating events deliberately: Mirza Fakhrul

4 hours ago | National

South Korea's central bank cuts a key rate to nurse a slower economy
South Korea's central bank cuts a key rate to nurse a slower economy

4 hours ago | International

1030 metric tonnes of rice imported from India in one week
1030 metric tonnes of rice imported from India in one week

4 hours ago | Economy

Masato Kanda elected as ADB president
Masato Kanda elected as ADB president

4 hours ago | Economy

RMG workers block Dhaka-Tangail highway over unpaid wages
RMG workers block Dhaka-Tangail highway over unpaid wages

4 hours ago | National

'Slumdog Millionaire' sequel on its way
'Slumdog Millionaire' sequel on its way

5 hours ago | Entertainment

Rangpur Riders begin Global Super League campaign
Rangpur Riders begin Global Super League campaign

5 hours ago | Sports

Abdul Hakim appointed as Bangladesh Press Council chairman
Abdul Hakim appointed as Bangladesh Press Council chairman

5 hours ago | National

4 dead after migrant boat sinks in Aegean Sea
4 dead after migrant boat sinks in Aegean Sea

5 hours ago | International

Most Read
Alibaba unveils 'Open' competitor to OpenAI’s o1 reasoning model
Alibaba unveils 'Open' competitor to OpenAI’s o1 reasoning model

5 hours ago | Tech

Former BTV GM Mahfuza Akter owns assets worth Tk 400cr
Former BTV GM Mahfuza Akter owns assets worth Tk 400cr

9 hours ago | Special

Chief Justice concerned over unprecedented incident on SC premises
Chief Justice concerned over unprecedented incident on SC premises

7 hours ago | National

Emirates unveils its first A350 aircraft
Emirates unveils its first A350 aircraft

8 hours ago | Corporate Corner

Australia passes bill that would ban young children from social media
Australia passes bill that would ban young children from social media

4 hours ago | International

BB to aid weak banks without increasing money supply
BB to aid weak banks without increasing money supply

7 hours ago | Economy

Autocrat's associate orchestrating events deliberately: Mirza Fakhrul
Autocrat's associate orchestrating events deliberately: Mirza Fakhrul

4 hours ago | National

EC to face a dozen challenges
EC to face a dozen challenges

6 hours ago | Special

Hezbollah proclaims 'victory' over Israel
Hezbollah proclaims 'victory' over Israel

8 hours ago | International

Truck collides with vehicle in Hasnat-Sarjis's convoy
Truck collides with vehicle in Hasnat-Sarjis's convoy

8 hours ago | National

'I consider myself a son of Rangpur,' CA Yunus tells Abu Sayed's family
'I consider myself a son of Rangpur,' CA Yunus tells Abu Sayed's family

1 hour ago | National

Govt to pursue charges of crimes against humanity against Hasina
Govt to pursue charges of crimes against humanity against Hasina

9 hours ago | National

Police reveal identity of an arrestee after scrutinizing video
Police reveal identity of an arrestee after scrutinizing video

7 hours ago | National

Musk reveals govt employee’s names he wants to cut
Musk reveals govt employee’s names he wants to cut

7 hours ago | International

Government to sell TCB products to families of 10 lakh garment workers
Government to sell TCB products to families of 10 lakh garment workers

6 hours ago | Economy

11-member committee formed
11-member committee formed

8 hours ago | National

Ukraine's energy sector 'under massive enemy attack': minister
Ukraine's energy sector 'under massive enemy attack': minister

6 hours ago | International

Various plots activated when journey towards elections began: Golam Parwar
Various plots activated when journey towards elections began: Golam Parwar

2 hours ago | National

Suspended magistrate Urmi granted bail in defamation case
Suspended magistrate Urmi granted bail in defamation case

5 hours ago | National

1030 metric tonnes of rice imported from India in one week
1030 metric tonnes of rice imported from India in one week

4 hours ago | Economy

US and others to make push for Gaza ceasefire: Biden
US and others to make push for Gaza ceasefire: Biden

23 hours ago | International

BCS question leak: 2 employees of BG Press arrested
BCS question leak: 2 employees of BG Press arrested

22 hours ago | National

Give govt more time, show patience, urges Tarique Rahman
Give govt more time, show patience, urges Tarique Rahman

9 hours ago | National

Aishwarya Rai’s name omitted from "Bachchan" amid separation rumors with Abhishek Bachchan at event
Aishwarya Rai’s name omitted from "Bachchan" amid separation rumors with Abhishek Bachchan at event

6 hours ago | Entertainment

Dhaka and Seoul kick off negotiation to sign EPA
Dhaka and Seoul kick off negotiation to sign EPA

4 hours ago | Economy

Putin arrives in Kazakhstan for two-day visit
Putin arrives in Kazakhstan for two-day visit

23 hours ago | International

ICC persecutor requests arrest warrant for Myanmar’s Junta
ICC persecutor requests arrest warrant for Myanmar’s Junta

10 hours ago | International

Dhaka ranks 7th for worst air quality
Dhaka ranks 7th for worst air quality

9 hours ago | City

Lebanon truce holds as Israeli attacks on Gaza described as 'Absolutely Terrifying'
Lebanon truce holds as Israeli attacks on Gaza described as 'Absolutely Terrifying'

5 hours ago | International

BNP calls national unity
BNP calls national unity

22 hours ago | National