The speakers in the webinar underscored the need for find out alternatives ways aiming to face a lot of challenges after LDC graduation. They also said Bangladesh has to adopt timely policies to be sustained economically. If proper strategies are taken right now, the country might face difficulties in the days to come, the speakers opined. They made the observation in the Webinar titled " LDC Graduation in 2024: challenges and opportunities" held on Saturday.
Economics Department of Mawlana Bhashani Science and Technology University ( MBSTU) organized the webinar. MBSTU Vice- Chancellor Professor Dr. Md. Alauddin was present as chief guest. Chairman of Economics Department Dr. Md. Nazmus Sadekin presided over the webinar where Assisant professor of economics department Subroto Dey moderreted the program.
RAPID Chairman and Research Director of policy Research Institute (PRI) Dr. M.A. Razzaque, Senior Research Fellow of BIDS- Dr. Nazneen Ahmed, Professor of Economics Department of Dhaka University- Dr. Muhammad Shahadat Hossain Siddiquee, Legal economist- MS Siddiqui, analyst of economic affairs- Md Mazadul Hoque, Managing Director of Sohagi International Ltd- Eng. ATM Iftekhar Hossain spoke in the Webinar seminar as panelists.
Dr. M.A. Razzaque said export income as a result of LDC graduation must be reduced at a alarming level and in order to face the challenges, the country- Bangladesh has to move right now. There is no alternative to provide need-based quality education to labor force to address the ongoing problems- Dr. Nazneen Ahmed said.
Skilled manpower in all sectors is a must- she also opined. MS Siddiqui said legal problems must be addressed in terms of expanding trade and commerce worldwide. Bangladesh will face little problems after LDC Graduation if regional connectivity is expanded - Md Mazadul Hoque said. Mr Hoque also emphasize on joining Regional Comprehensive Economic Partnership ( RCEP) block.
Dr. Muhammad Shahadat Hossain Siddiquee said default loan cultire in the banking industry must be abolished and implementation of 8th Five-Year Plan can reduce the challenges in coming days. ATM Iftekhar Hossain said proper monitoring of stimulus package is needed.
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