Advisor to the Prime Minister on Economics and Planning, Rashed Al Mahmud Titumir admitted on Friday that rising inflation has significantly increased the number of poor people in Bangladesh over the last three years.
Speaking at a regional development meeting in Faridpur, Advisor warned that if inflation remains unchecked the lower class will face even greater suffering in the coming days. "The current government inherited a hostile economic environment," Titumir said. "We are concerned that the poverty rate may rise further due to the recent price hikes."
The Advisor criticized the lack of historical effort to address regional disparities stating that previous administrations failed to create adequate employment. He emphasized that the current government is prioritizing a "public welfare-oriented agenda" to build an investment-friendly climate and ensure social security.
Titumir also referenced the economic recovery efforts of late President Ziaur Rahman as a blueprint for overcoming the nation’s current "economically fragile" state.
Before the meeting the Advisor and State Minister for Foreign Affairs Shama Obaed Islam visited the Karim Jute Mill to speak with workers and paid a visit to the ancestral home of rural poet Jasimuddin.
