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Challenges to economy figure in at media camp on SDGs

Published : Saturday, 15 February, 2020 at 12:00 AM  Count : 59

Voicing concern over the fact that high rate of GDP growth is failing to meet expectations in terms of job creation proportionately, experts at a workshop Thursday said the mismatch may soon drive country's economy to face the adverse impacts.  
"The country's employment rate has not been increasing like GDP growth in Bangladesh. So inequality is visible here now.  
It may arrest the country's development in near future considering the existing global economy. So the sooner it is addressed, the better," said Prof Mustafizur Rahman, Distinguished Fellow of leading think-tank Centre for Policy Dialogue, while addressing a media camp on the sustainable development goals at the Brac CDM in Savar.
CPD organised the workshop in association with the Swiss Agency for Development and Cooperation (SDC), Citizens Platform for SDGs, Bangladesh - an umbrella network of organizations working on the SDGs, and The Asia Foundation.
CPD hosts the Secretariat for the Citizens Platform.
Dr Mustafiz said good governance the key to reducing inequality and facilitating quality growth.
"We should emphasize quality for sustainable growth," Dr Mustafiz also said.
Dr Fahmida Khatun, Executive Director of CPD, also focused on the increase in income disparity relative to GDP growth, saying it will significantly affect the sustainable growth of the economy.
"Climate change is a challenge for Bangladesh, because it impacts the country's economy. Population is growing fast here, on the other hand, many old jobs or positions are being subsumed by the Fourth Industrial Revolution (4IR). Besides, various facilities the country avails at present, will be taken away after graduation from LDC status. So there are many challenges ahead for the economy," she also said.

She warned that inequality can further increase here if the government does not take proper initiatives now.
Special Correspondent of Bengali daily Prothom Alo Shawkat Hossain Masum, speaking as mentor at the camp for journalists, said good governance, democracy and strong institutions are very important for sustainable economic growth - and Bangladesh has a long way to go on all three fronts.
CPD Distinguished Fellow Dr Debapriya Bhattacharya was present at the two-day event, that was followed by a certificate awarding ceremony for the participants and a cultural event.
The Sustainable Development Goals (SDGs), also known as Agenda 2030, is a set of targets under characterized goals set out by the United Nations to be achieved by 2030. A total of 193 countries including Bangladesh have accepted this development agenda.

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