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WB asks govt to realise Tk 600 crore power bills
Finance Minister Bai fur Rahman Wednesday urged the donors to consider the practical aspects while suggesting radical reforms, reports UNB.
The reiteration of the Finance Minister came when the visiting World Bank Director Jochen Karaske called on him at his residence in the evening.
Rahman suggested the World'Bank to work together with relevant government officials to prepare a dependable list of aid worthy projects and programmes.
Their discussion concentrated on progress and problems of World Bank assisted on-going and proposed projects in Bangladesh.
Stressing the need for making external loans more effective, the World Bank Director suggested the government to strengthen the efforts In recovering outstanding power bills to minimise the financial constraints of PDB.
The PDB outstanding bills amount to about Tk 600 crore, more than 50 per cent of which Ues with the government organisations.
ERD Secretary Enapi Ahmed Chowdhury, World Bank Alternate Executive Director M.A. Saeed and the Bank's Resident
Representative Christopher R Willoughby were present during the discussion.
Industrial policy hailed
The visiting World Bank Director Wednesday reiterated the Bank's continued support to rapid Industrial development and reform programmes of Bangladesh.
Karaske Director of the Bank made the pledge when he met Industries Minister, Shamsul Islam Khan at the BCIC conference room.
The Industries Secretary and leading IndustrlaUsts of the country were present at the meeting.
The Industries Minister explained to the World Bank Director the new industrial policy '91 of the government and other programmes which are being Implemented. He said the present democratic government was committed to developing the industries sector to Increase its contribution on the gross domestic product, national income resources and employment in this regard. He said the government had Introduced liberalised industrial policy giving more emphasis on development in the.private sector and to encourage domestic and foreign Investment In overall Industrial
development.
The World Bank Director hailed the new industrial policy of the Bangladesh government and Expressed the hope that this liberal policy would help open up economy and development of private sector.
Karaske emphasised the need for achieving efficiency of the private entrepreneurs so that they could achieve the sensible measures of competition within- the country and abroad.
He also expressed the hope that Bangladesh would be able to introduce an objective measure in business of export and Import for the healthy growth of the country's economy.