Published: 12:24 AM, 25 August 2026
Titumir outlines 3-phase strategy to recover, restore, rebuild economy
Adviser to the Prime Minister on Finance and Planning Prof Dr Rashed Al Mahmud Titumir has outlined a three-phase strategy to recover Bangladesh’s economy from its deep-seated crisis, restore sustainable growth and ultimately rebuild institutions to accelerate economic expansion.
In an interview with BSS, the adviser said the government’s Five-Year Strategic Framework for Reform and Development is centred on three successive stages — recovery, restoration and reconstruction for acceleration — aimed at bringing the economy back to stability and placing it on a sustainable growth trajectory.
Prof Titumir said the first phase, recovery, is focused on reclaiming lost ground and stabilising the macroeconomy.
He said the immediate priority is to address the accumulated economic crisis, including debt burdens, weakened institutions, liquidity constraints, declining production and employment, and to restore confidence in the economy.
The government has already taken steps to strengthen fiscal and monetary coordination, expand revenue collection and improve macroeconomic stability.
The adviser pointed to 12 percent revenue growth between mid-February and June 30, compared with only 2 percent growth during the corresponding period of the previous year, as an indication of improving fiscal performance.
He said the government is seeking to expand the tax base and prevent tax evasion rather than putting additional pressure on existing taxpayers.
Rising foreign reserves, an appreciation of the taka, increased remittances and lower interest rates were also identified as positive indicators supporting the recovery process, he said.
The second phase, restoration, will focus on moving the economy from stabilisation towards sustainable and inclusive growth. Prof Titumir said restoring production, investment and employment would be central to this phase.
The government is seeking to improve the investment environment through deregulation and the proposed “Trace and Track” approach, while positioning Bangladesh as a gateway between South and Southeast Asia.
He said investment commitments have emerged from North America, Western Europe, the Gulf region and East Asia, particularly in the Chattogram and Mongla economic zones, reports BSS.
The government wants to prioritise production-oriented investment that creates employment and strengthens exports rather than debt-heavy and import-dependent projects.
