Asked by
Birds of the sky (2 Golds)
Thursday, 03 Dec 2020, 05:56 PM
at (Jobs
Job Preparation)
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To become a #developed country by 2041, the major impediments to development need to be effectively addressed. Therefore, there is urgent need to: (i) Further increase public spending on infrastructure development; (ii) Increase the investment-GDP ratio, and encourage greater investments in the private sector; (iii) Increase export earnings by both increasing the volume and quality of RMG products as well as by considerably diversifying export basket and exploring new markets; (iv) Increase inward remittances by providing adequate skills to the migrant workers, exploring new countries of destination, and further improving banking channels for receiving inward remittances; (v) Create adequate number of "decent jobs" to provide the workforce with reasonable wages and decent standard of living; (vi) Make required investments in the health and education sectors to be able to reap the benefits of "demographic dividend"; (vii) Ensure continued growth in agriculture, despite loss of arable land and threats of natural disasters; (viii) Increase efficiency and productivity in the SME sector by duly addressing various challenges faced by the sector; (ix) Increase private sector credit to the productive sectors; (x) Improve efficiency, management, governance, leadership, and transparency in the banking sector to check money laundering and other scams and recover NPLs, which could, then, be used for productive investment; (xi) Strengthen macro prudential frameworks and enhance exchange rate flexibility to improve resource allocation, reduce vulnerabilities and boost resilience; (xii) Ensure inclusive growth and development; and last, but not the least, (xiii) Improve efficiency, transparency, accountability and overall governance, both in the public and the private sectors. ==================================== Answered by Birds of the sky (2 Golds) Thursday, 03 Dec 2020, 05:57 PM |