Published:  12:55 AM, 10 July 2019

Policy needed to deal with income inequality: Dr Atiur

Policy needed to deal with income inequality: Dr Atiur Former Governor of Bangladesh Bank Prof Dr Atiur Rahman speaking at an international conference titled 'Inclusive Growth for Sustainable Development' in the city recently. -AA

Former Governor Professor Dr Atiur Rahman said "Bangladesh has been experiencing faster growth and slightly slower poverty reduction over the last decade or so despite a spike in in income inequality index. However, the consumption inequality has been quite stable over these years."

He made the remarks while speaking as a panelist on the session on 'Poverty and Inequality' of the international conference on "Inclusive Growth for Sustainable Development" on last Saturday which is organized by Bureau of Economic Research and Department of Economics of Dhaka University. Planning Minister MA Mannan graced the session as the chief guest while Vice Chancellor of Dhaka University Dr M Akhteruzzaman inaugurated the conference.

The plenary session was chaired by Prof Wahid Uddin Mahmud and the keynote presentation was given by Prof SR Osmani of the University of Ulster, UK, Prof Rehman Sobhan and Prof MM Akash also participated in the panel discussion. Prof Osmani said continued progress in poverty reduction has been possible due to structural changes fueled by massive rural-urban migration and greater access to education. However, the income inequality remains a headache despite stunning growth process.

Prof Atiur Rahman also suggested some strategic policy interventions including better managed urbanization with focused attention on safety net programs for the urban poor, quality education and skill development and financial inclusion through digital financing. He also emphasized on more policy attention for climate change hotspots like char, haor and coastal belt where level of extreme poverty is more than double of the national average.

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