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Economic crisis cannot be resolved without reforms: Adviser
Published : Wednesday, 21 October, 2026 at 5:59 PM
Observer Online Report
Economic and Planning Adviser to the Prime Minister Dr Rashed Al Mahmud Titumir has stressed reforms to restore stability to the economy, focusing on discipline in the banking sector, higher revenue collection and stronger social protection.
He made the remarks during an exchange of views with journalists at the Rajanigandha auditorium of Rajbari Municipality on Wednesday.
Titumir said the government had inherited a fragile economy, while the Middle East crisis had pushed up inflation and fuel prices, placing additional pressure on the economy.
The rising cost of living has forced many people to dip into their savings or borrow money to meet daily expenses, he added.
He said economic weakness had also affected investment and increased unemployment. The government had outlined its reform plans in its election manifesto, with restoring discipline in the banking sector among its key priorities.
On revenue collection, Titumir said revenue had fallen to a very low level under the previous government. The current government aims to increase revenue without raising tax rates, he said.
He added that social safety net programmes had been introduced to support people struggling with inflation.
The government is also seeking to ease pressure on households through Family Cards and Farmer Cards, he said, adding that it was important to prevent people from falling below the poverty line because of rising prices.
Titumir accused some social media users of spreading misinformation about the International Monetary Fund’s (IMF) statements. He said a key point in the IMF’s data was being overlooked: economic growth would be lower if reforms were not implemented.
Rajbari District Council Administrator Abdus Salam Mia and journalists attended the meeting.
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Editor : Iqbal Sobhan Chowdhury
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, E-mail: [email protected], [email protected] Online: email: [email protected] 41053014; 01550707297 Advertisement: 01550707296
