The interim government has decided to prepare a white paper addressing key issues such as public finance, inflation, external balance, energy and power, private investment, and employment.
Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue, will lead the committee responsible for this task. The committee is expected to submit its report within 90 days.
This decision, made on Wednesday, aims to address the economic challenges exacerbated by corruption, misappropriation of bank funds, capital flight, and market manipulation by the previous political regime over the past fifteen years.
The interim government, led by Nobel laureate Professor Muhammad Yunus, took power after former Prime Minister Sheikh Hasina resigned and fled to India amid a student-led uprising.
According to a press release from the chief adviser’s office, the white paper is crucial for implementing structural reforms, strengthening regulatory bodies, combating corruption, stabilizing the banking sector, reforming the tax system, and attracting foreign direct investment to mitigate economic pressures.
The release noted that the previous administration left behind a debt of Tk 18.36 lakh crore, with the tax-to-GDP ratio falling from 11 percent to 8 percent over the past six years. Additionally, inflation reached nearly 12 percent overall, with food inflation at 14 percent in July.
The release also stated that the position of committee chair will be honorary, and the chair will have the authority to select committee members in consultation with the chief adviser.
The committee will operate from the Planning Commission.
All ministries and divisions have been instructed to provide the necessary data to the committee.ee.