UNB

Economist Dr. Debapriya Bhattacharya, head of the White Paper Committee, has emphasised the need for a two-year medium-term economic plan to strengthen global confidence.

Titled “White Paper on the State of the Bangladesh Economy” was released at a press conference held at the NEC conference room on Monday, UNB reports.

Dr Debapriya underlined the urgency of rebuilding international confidence through transparency and actionable reforms.

“The next six months are critical,” he cautioned, highlighting the necessity of establishing a clear roadmap ahead of the formulation of the next national budget. “This is a pivotal moment to translate intentions into tangible progress,” he added.

ESTABLISHING A DATA COMMISSION

Dr Debapriya proposed forming a data commission to systematically evaluate and manage the country’s statistical information. Until such a commission is established, he suggested relying on existing data, which indicates that Bangladesh meets all criteria for LDC graduation.

“If we fail to graduate from the LDC category next year, it may spark narratives questioning the nation’s progress. Critics could argue that a strong foundation was left behind, only for the country to falter within two years,” he said, stressing that there is no valid reason for Bangladesh to remain in the LDC group.

While the recommendations offer a comprehensive reform blueprint,  Debapriya expressed cautious optimism about their implementation. “Only time will tell if the government will adopt our suggestions,” he remarked, reflecting on the uncertain trajectory of the proposed measures.

GUIDE FOR REFORM

The white paper, grounded in extensive research and collaboration, serves as both a critique and a roadmap. It examines systemic issues like corruption, inefficiencies, and institutional weaknesses, aiming to enhance transparency, accountability, and sustainable development in Bangladesh.

“This document is not just a critique but a guide. It seeks to instil confidence among citizens and international partners. Now is the time for the government to move beyond promises and deliver concrete reforms,” Debapriya added.