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Speed of Reforms Justified by Three Advisors, Obstacles Recognized

Critics aimed at unneeded economic policies, with economist Dr Zahid Hossain from the World Bank's Dhaka office raising concerns and receiving responses from advisors.

Three consultants justify the speed of reforms, highlighting obstacles faced
Three consultants justify the speed of reforms, highlighting obstacles faced

Speed of Reforms Justified by Three Advisors, Obstacles Recognized

In the heart of [Country Name], key advisers to the interim government are sharing their insights on the country's progress and the challenges that lie ahead. Here's a roundup of their recent comments:

Adviser Salehuddin emphasizes the importance of constructive criticism, urging citizens to acknowledge the progress made by the government. He believes that this approach will foster a healthier dialogue and help drive further improvements.

Adviser Fouzul attributes the stabilization of the foreign exchange rate and inflation to the shift in policies undertaken by the interim government. He claims that the government has saved Tk45,000 crore by cancelling wasteful projects, a move that he believes has significantly contributed to the economic stability of the country.

However, Adviser Rizwana notes that a lack of prior consensus on reforms during the One-Eleven era led to their failure to be sustained. She defends the government's pace on reforms, citing resistance and the difficulty of implementing them within a short period.

Adviser Fouzul speaks frankly about pervasive corruption in ministries like power, energy, and railways. He blames "the person in the chair" and the "system" for corruption, not the positions themselves. Despite the challenges, he acknowledges reductions in unnecessary policies and increased economic practices within the government.

Notably, Adviser Fouzul mentions that LNG is now being procured at a lower price ($11-12 per unit), compared to the previous $16. This shift, he argues, will have a positive impact on the country's economy in the long run.

However, Adviser Fouzul also argues that 18 months is not enough for significant economic progress due to long lead times for large-scale projects. He believes that the government needs more time to implement its reforms and see tangible results.

As the interim government continues to navigate the complexities of governance, these advisers' insights offer a glimpse into the challenges and successes they face. The future of [Country Name] remains uncertain, but with the right strategies and public support, the government may be able to steer the country towards a brighter future.

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