The interim government has started important reform activities to restore the trust of the people of Bangladesh, said the chief advisor. Muhammad Yunus.
‘Our young generation and countrymen have demonstrated extraordinary determination and strength to redefine the future of Bangladesh. We have undertaken important reforms to restore people's trust,’ he said.’
He said this while addressing the inaugural session of the Boao Forum for Asia (BFA) conference in Hainan, China on Thursday (March 27).
Referring to the ongoing reform program, Dr. Yunus said, ‘Independent Commission has been formed So that reforms can be brought in the electoral system, judiciary, civil administration and law enforcement.’
He mentioned that if this reform program is implemented, a fundamental transformation of our nation will be achieved.
‘When we are going to build a new Bangladesh, like other countries in Asia, we are facing multiple challenges,’ said the chief advisor.’
He noted that global financial market volatility, political uncertainty, diplomatic tensions and trade disruptions are creating volatility in the global economy, he said.
Dr. Yunus said, ‘Asia's debt crisis is deepening due to the increase in interest rates and the increase in credit service costs.’
‘Despite commitment to the global 2030 agenda, progress is slowing in the global development goal (SDGs) and only 24 percent of the Sustainable Development Goals (SDGs) have been achieved so far,’ said Professor Yunus.’
He said developing Asian countries Every year, 2.5 to 4 trillion US dollars are facing SDG financing deficits.
The chief adviser said, beyond the SDG funding, Asia should bring economic diversity through large amounts of infrastructure investment and responsible financing.
Calling for prevention of corruption and financial wastage, the chief advisor said that Bangladesh has been a victim of corruption and illegal money flow for a long time.
He pointed out that developing countries are developing countries with such corruption and financial irregularities. About a trillion US dollars are incurred each year, which is manifold more than they receive as international development aid.
He said, ‘Asia should unite to restore wealth and restore the money laundered money, and a multilateral mediation system should be developed.’
‘Food security is under increasing pressure. Low-income families are going through a tough time due to the rise in the prices of essential commodities,’ the chief adviser added.’
He also said that climate change and natural disasters are deepening this crisis.
‘He also mentioned that ’strengthening food supply system is very important'.
Dr. ‘Fuel security is important, especially for the developing countries that are developing fuel imports. If fuel supply is disrupted, inflation, economic instability and credit crises are on the rise,’ Yunus said.’
‘We must find a sustainable energy solution. We need to increase investment in renewable energy,’ he said.’
