South South cooperation and NRB engagement key for development
Finance Minister Abul Maal A Muhith has stressed on the role of cooperation with South Asian countries and involving expatriates in the development process of Bangladesh.
“South-south cooperation is very crucial and Bangladesh is a good country for it,” the octogenarian told attendees at a publication ceremony held by the Economic Relations Division, with support from UNDP Bangladesh, at the ECNEC Meeting Room in Dhaka on July 31.
The minister, who set record by presenting 10 consecutive national budgets in Bangladesh, pointed out that decreasing foreign assistance for development is a challenge for this region and finding alternatives for resource mobilisation is key.
He was speaking at the unveiling of two research reports titled “South-south cooperation for financing SDGs” and “Engagement of NRBs in national development: strategies, challenges and way forward” published by Economic Relations Division with support from UNDP’s Knowledge for Development Management (K4DM) project.
K4DM, a joint initiative of the Government of Bangladesh and UNDP, contributes towards knowledge based decision-making process and exploration of alternatives for resource mobilisation in wake of decreasing trend of traditional Official Development Assistance (ODA).
“China and India receive huge investments from their people, who live abroad as non-residents,” UNDP Bangladesh’s Country Director Sudipto Mukerjee pointed out.
“Bangladesh has huge scope of having similar involvement from non-resident Bangladeshis in the development process,” he continued.
ERD Secretary Kazi Shofiqul Azam also spoke at the programme.