Planning and Finance Adviser Dr Wahiduddin Mahmud said, "Bangladesh is set to witness a political shift next year."
At the opening session of the Annual Baltic Conference on Defence (ABCD) in Dhaka on Saturday, organized by the Bangladesh Institute of Development Studies (BIDS), he alluded to significant political developments while highlighting the country’s critical economic challenges, reports UNB.
Dr Mahmud, however, pointed out that income inequality remains one of the country’s most pressing concerns.
"To tackle this disparity, quality education is paramount, an area where Bangladesh still has a long way to go." he said.
As Bangladesh transitions from its status as a Least Developed Country (LDC), Dr Mahmud referred to the ongoing efforts to retain some benefits associated with the LDC status.
“We no longer have the option of remaining an LDC. Discussions to sustain certain privileges from developed nations are ongoing, with positive responses from many,” the adviser said.
In a separate session, Indermit Gill, Chief Economist of the World Bank, provided insights into how Bangladesh could escape the middle-income trap.
Investment and job creation should be the focal points, he stated, urging the country to foster entrepreneurship and expand the use of technology.
Bd-Pratidin English/ARK
