Finance Minister AHM Mustafa Kamal stated on January 9 that the primary challenge for the new government lies in maintaining economic stability. He emphasized the need to unlock potential sectors, focusing significantly on enhancing revenue collection.
Mustafa Kamal highlighted untapped opportunities for advancing Bangladesh’s economy, underscoring the importance of exploring unexplored sectors. The finance minister’s primary focus is on boosting revenue collection, and he aims to maintain a foreign exchange reserve of $30 billion throughout the year. He reassured that reforms in Bangladesh’s banking sector are underway, addressing isolated incidents, and expressing the country’s commitment to progress.
Mustafa Kamal acknowledged reduced non-performing loans and outlined Bangladesh’s goal to become the 20th largest economy by 2041. He discussed the significance of inflation in economic progress and emphasized that the prime minister will decide the new finance minister.
Mustafa Kamal rejected the possibility of sanctions, stating that Bangladesh has committed no wrongdoing. He expressed optimism about Bangladesh’s ongoing progress and dedication to development.
