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Saifur addresses ADB Board of Governors meet

Increased flow of resources for development needed
VANCOUVER (Canada). Apr 27 : Finance and Planning Minister Saifur Rahman has said Bangladesh requires and deserves Increased flow of resources to support Its development efforts. reports BSS
He said it was necessary for Investment in priority sectors like agriculture, education, health, industry, transport, energy and power. The Finance Minister sought cooperation from the Asian Development Bajik and other development partners in this regard.
He was addressing the 24th annual meeting of the Board of Governments of the Asian Development Bank held in the Vancouver city of Canada on Friday.
Saifur Rahman said. Bangladesh had been continuously facing stupendous challenges in its development efforts from wide spread poverty, a large and growing population, paucity of Investible resources and recurring natural calamities. He said, the government was determined to address these problems through raising production in agriculture sector to accelerate the process of desired economic growth. He said agriculture would be able to support the development of other sectors
more substantially.
Saifur Rahman said, the 1990s would be a challenging decade for political and economic development in the world for which ADB. as a regional organization, had a special responsibility to maintain stable growth in Asia and protect the interest of the poorer countries in the Asian regions. He said it would be possible for ADB to increase its lending level.
The minister said the government was playing effective role In creating rural employment so that the progress In the agriculture sector could be sustained by effective demand for goods and other agri-prod-ucts leading to gradual capital formation tn the rural sector. He said checking of environmental degradation was one of the major national objectives.
To achieve the objectives, the minister said the government would pursue appropriate macro-economic reforms. He said the government was Intended to quicken measures of poverty alleviation and human resources development programmes to ensure increasingly greater involvement of women Into the main stream of economic activities. In this regard, he said the country
needs the Bank's help to find innovative projects to more quickly accomplish the purpose of involving women in development.
Saifur Rahman said his government was committed to Implement the necessary agenda of adjustments and macro-economic reforms which must be tempered with people's aspirations and political reality.
The minister said the economic difficulties of the country were compounded by a long-nlne-year misrule by an autocratic regime which systematically assaulted the democratic values and institutions with utter disregard to budgetary and planning discipline and made corruption institutionalized as part of Its economic mismanagement
The minister said, with the firm commitment to democratic pluralism, deregulation and market-oriented economic progress and policies, the BNP Government aimed primarily at the development of socio-economic Infrastructure.
He referred Bangladesh requests to the ADB and other countries to complete the negotiations to mobilize sufficient funds to meet the increasing resources needed for the poorer countries.