Centre for policy dialogue (CPD) yesterday endorsed an expansionary monetary policy rather than a kontraktiven Bank and International Monetary Fund (IMF) to contain inflation secured by Bangladesh.
CPD this view at a press conference for the presentation of an independent analysis of the State of the economy of Bangladesh expressed in 2011
Civil society think tank thinks it is under strong pressure on the Government adapt contractionary monetary policy due to rising inflation.
But contraction can hardly control price hike, often associated with global phenomenon or supply shortages, your analysis is observed.
Dr. Debapriya Bhattacharya, distinguished fellow of the CPD said, "So, monetary policy in the coming months should place for increasing public and private investment requirements"
He is however surprised to see a rise in prices for rice in Aman season.
On inflation, he said it may contain monetary policy alone and it needs to be addressed through a combination of policies.
Talking about the 1 billion dollar loans, have agreed, he said that the IMF, its economic growth may slow the conditions tied to loans.
"The Government for other ways might have looked like the World Bank," proposed Debapriya.
CPD believes that the IMF-on other conditions, such as reduction of public expenditure and increase of tax collection, the loan is day.
Debapriya said it has been over the last four years Bangladesh can run without IMF loans.
"We do not understand why the Government decided to borrow you (IMF)." We want transparency in the business ", he noted.
After borrowing $490 million by IMF poverty growth has facilities reduction plan between 2004 and 2007, Bangladesh moved to borrow $1 billion under ECF (advanced credit facility) arrangement in the next four years.
CPD criticized the Government for its poor performance with the implementation of public investment despite companies more work for the current fiscal year.
"Seen any effective initiatives to accelerate the implementation of the programme development and projects in the framework of public-private partnership (PPP)", he said.
The policy organization predicts a rise in the interest rate on bank loans which given the inflation pressure.
On energy crisis CPD colleagues said still neglected the sector and the Government has decided to fix expensive options to the problem.
The CPD emphasized immediate use for coal-based power plant.
Prof. Dr. Mustafizur Rahman, executive Director of CPD welcome delivered address and answered questions from journalists.
View the original article : Bangla Newspaper
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