Secretary of State (State Minister) for Foreign Affairs & Cooperation of Portugal Dr. Francisco Andre has assured of his personal intervention to create positive conditions for Bangladeshi immigrants to work and stay in Portugal. He commended the Bangladeshi expatriate community residing in Portugal as “respected, well integrated community contributing significantly to the Portuguese society.” State Minister for Foreign Affairs Md. Shahriar Alam had a bilateral meeting with the Secretary of State over a luncheon hosted by the Portuguese side in Lisbon on Monday and discussed the issues of mutual interest. Also read:Bangladesh number 1 recipient of COVID-19 vaccines under COVAX: UNICEF State Minister Alam apprised the Secretary of State about the sustained social and economic development of Bangladesh under the watch of Prime Minister Sheikh Hasina, said the Ministry of Foreign Affairs on Tuesday. He raised the issue of the need of easing the existing visa complexities in the absence of a Portuguese resident Diplomatic Mission in Dhaka and offered every assistance for ensuring periodic consular services provided to Dhaka. Bangladesh State Minister thanked his counterpart for the continued patronage extended to the Bangladeshi expatriates and praised Portugal for their immigrant friendly approaches. He proposed the State Secretary to work together to chart an orderly and transparent pathway for Bangladeshi citizens to come and work in Portugal under an agreed framework. The Portuguese State Secretary extended his invitation for Bangladesh to participate in the” Second UN Ocean Conference” to be held from June 27 to July 1. Bangladesh State Minister informed of a possible attendance of a high-level delegation led by the Foreign Minister of Bangladesh. The two leaders exchanged views on recent regional and global developments. They noted their convergences in their respective approaches to the current world order and reaffirmed their commitments to a stronger UN system and a rule-based world. Bangladesh State Minister informed his counterpart that Bangladesh has always been the supporter of peace, territorial integrity, sovereignty and human rights protection, which reflects into our share of contribution in UN Peacekeeping Missions.
Bangladesh and the United Arab Emirates have specified 12 fields of bilateral cooperation at the 5th joint commission meeting between the two countries in Dhaka. The meeting, held in Dhaka, was co-chaired by Finance Minister A H M Mustafa Kamal and UAE State Minister of Foreign Affairs and International Cooperation Ahmed Ali Al Sayegh. The ministers joined the meeting virtually, while senior officials of both sides attended it physically. Read:Role of accounting profession important for fair spending: Mannan The fields identified for bilateral cooperation are i) Bilateral Trade and Economic Development , ii) Labour, Employment and Consular Relation, iii) Civil Aviation, Tourism and Culture, iv) Investment Opportunities, v) Increased support of Abu Dhabi Fund for Development (ADFD), vi) Power, Energy and Mineral Resources, vii) Information and Communication Technology (ICT), viii) Education, Science and Technology, ix) Marine Environment Development, x) Agriculture, xi) Health Services & Health Education, and xii) Humanitarian & Charitable Areas. The discussions were held in the spirit of understanding, friendship and mutual respect, meeting sources said. Read:Bangladesh Bank announces 4 pc export subsidy on bicycle, cement sheet, and MS steel The ministers virtually signed the agreed minutes of the meeting on behalf of their respective sides. Both sides agreed to hold the sixth meeting of the Joint Commission in Abu Dhabi. The date of the next meeting will be fixed later.
Responding to the suggestions of energy experts, Bangladesh is finally moving towards formulating an integrated energy and power sector master plan with a focus on the "3E+S" concept. “We’ll pursue the "3E+S" concept of ensuring "Energy Security," "Economic Efficiency," and "Environment" while focusing on "Safety," said the Japan International Cooperation Agency (JICA) in an official statement, adding, “In view of the need for a long-term low-carbon energy policy, we will support the formulation of the integrated energy and power master plan.” Read: Bangladesh to extend deal with India on power import According to official sources, Tokyo-based consulting firm Institute of Energy Economics, Japan (IEEJ), has started work following an agreement the Bangladesh government signed with JICA on March 15 this year in this regard. Official sources said JICA will complete the formulation of the integrated energy and power master plan by December 2022 under a completion contract of a timeframe of 30 months. JICA has been funding the entire project through its grant under a deal with the Ministry of Power, Energy and Mineral Resources (MPEMR). It had provided financial and technical support for formulating all the previous power system master plans (PSMPs) until 2016. According to official sources at the MPEMR, for decades, Bangladesh had prepared two separate master plans—one for the energy sector and another for power sector—where there had been many missing links and lack of coordination resulting in imbalance between the energy and power sector’s growth. “But for the first time, we’re going to formulate an integrated master plan putting equal emphasis on development of both the sectors in order to support the current robust economic growth,” said Mohammad Hossain, Director General of Power Cell. In the context of imbalanced growth in power and energy sectors in the last one and a half decades, the country’s energy experts have long been urging the government to formulate an integrated plan to bring coordination among the two. In the last 12-13 years, the country’s power sector witnessed a robust growth with increased power generation from 4,500 MW to 21,000 MW while growth in the energy sector remained non-significant as a new discovery was not made for gas exploration nor low cost primary fuel was ensured. Officials said Bangladesh has to now import a significant amount of primary fuel—specially, liquid petroleum, liquefied natural gas (LNG) and coal—to meet the demand of the power and industry sector. Read: Hydropower projects in Nepal: Bangladesh’s investment decision after survey
Newly-elected President of Iran Ayatollah Dr Seyyed Ebrahim Raisi has appreciated the robust economic development of Bangladesh under the leadership of Prime Minister Sheikh Hasina. State Minister for Foreign Affairs Md Shahriar Alam had a meeting with President Raisi on Friday that lasted for 20 minutes. Read:Indian sends 30 ambulances to Bangladesh Earlier, Alam who led a three-member Bangladesh delegation, attended the swearing-in ceremony of the newly-elected Iranian president. During the meeting, the president of Iran recalled his visit to Bangladesh 20 years back, particularly mentioned about his visit to Jashore. President Raisi expressed his gratitude to President Abdul Hamid and Prime Minister Sheikh Hasina for congratulating him on his election as president.
The World Bank has acknowledged Bangladesh’s remarkable economic development and growth, and reassured the global lender's continued support for this country's prosperity. Private Industry and Investment Adviser to the Prime Minister, Salman Fazlur Rahman, met with World Bank’s Managing Director (Operations) Axel van Trotsenburg and other high-ranking officials at its global headquarters in Washington DC recently. Salman led the Bangladeshi delegation, which included Abdur Rouf Talukder, Senior Secretary, Finance Division, Ministry of Finance, Executive Chairman of Bangladesh Investment Development Authority (BIDA), Secretary, Ministry of Commerce, Secretary, Economic Relations Division, Ministry of Finance, and Chairman of the Securities and Exchange Commission. Also read: WB to provide USD 300 mn for livelihood improvement in Bangladesh In addition to Trotsenburg, the World Bank Group was also represented by John F. Gandolfo, IFC’s Vice President, Economics and Private Sector Development (acting) and Treasurer, and Mohammad Shafiul Alam, Bangladesh’s Alternate Executive Director to the global financial institution. In the meeting with the World Bank’s MD, Adviser Salman highlighted Bangladesh’s unprecedented economic development under the leadership of Prime Minister Sheikh Hasina reiterating that the country's economy was on a solid footing. In particular, he underscored Bangladesh’s economic performance and the GDP growth of 5.24% despite the pandemic-induced economic downturn. Salman recalled the continued financial assistance provided by the World Bank to Bangladesh and thanked the global lending body for its contribution. He also highlighted the need to reduce procedural delay -- through bilateral discussions and close engagement -- in the disbursement of the loans sanctioned by the World Bank for Bangladesh to purchase Covid-19 vaccines on an emergency basis. Also read: Manufacturing sector’s productivity crucial for Bangladesh to offset Covid impacts: WB At a separate meeting, the Bangladesh delegation led by Adviser Rahman met with IFC’s South Asia Vice President and the World Bank’s acting South Asia Vice President. Both sides agreed to accelerate cooperation in crucial areas, including Bangladesh’s reform efforts regarding ease of doing business, BIDA’s institutional capacity enhancement, and skills and human resources development.
Commerce Minister Tipu Munshi on Thursday said that and enhanced connectivity with India will help Bangladesh achieve its SDG targets faster along with economic development.
Planning Minister MA Mannan on Saturday stressed the need for better coordination among public, private stakeholders and experts for the sake of the country’s youth development as they are key force of economic development.
Prime Minister Sheikh Hasina on Tuesday reiterated her firm stance to use Bangladesh’s fossil fuel for its own economic development and the wellbeing of people.
Islamic University, Jan 17 (UNB) – A regional seminar titled ‘Contemporary issues in economic development of Bangladesh’ will be held at Islamic University (IU) in Kushtia on Saturday.