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Debapriya Bhattacharya. | Collected photo.

The interim government on Wednesday picked 11 members for the committee that would prepare a white paper on the economy plagued by corruption, misappropriation of bank funds, capital flights and the market syndicate under the immediate past political regime ousted early this month. 

Led by chief adviser Muhammad Yunus, the interim government issued a statutory regulatory order on the day in this regard, said a press release issued by the press wing of the chief adviser’s office.      


The members of the committee are professor A K Enamul Haque, dean, Faculty of Business and Economics, East West University, Ferdaus Ara Begum, chief executive officer of Business Initiative Leading Development, Imran Matin, executive director, BRAC Institute of Governance and Development at BRAC University, Kazi Iqbal, senior research fellow at Bangladesh Institute of Development Studies, M Tamim, a professor of Bangladesh University of Engineering and Technology, a former special assistant to the chief adviser (2008), Mohammad Abu Eusuf, a professor of the Department of Development Studies at the University of Dhaka, professor Mustafizur Rahman, a distinguished fellow at Centre for Policy Dialogue, Selim Raihan, a professor at the Department of Economics of the University of Dhaka and Executive Director, South Asian Network on Economic Modelling (SANEM), Sharmind Neelormi, a professor at the Department of Economics at Jahangirnagar University,   Tasneem Arefa Siddiqui, a former professor of the Department of Political Science at the University of Dhaka and Founding Chair, Refugee and Migratory Movements Research Unit, and Dr Zahid Hossain, a former lead economist at the World Bank.

The members will assist Debapriaya Bhattacharya appointed earlier to lead the committee on the preparation of ‘White Paper on the State of Bangladesh Economy’.

The committee has been asked to give its report in 90 days after examining the economy already hamstrung because of corruption, misappropriation of bank funds, capital flights and the market syndicate indulged by the immediate past political regime for the past one and a half decades.

The committee is expected to meet today in a meeting at planning commission, said Zahid Hussain, one of the members.

The main task of the committee should be clean the slate for the interim government to make a fresh beginning, he said.

The white paper is imperative for the interim government to implement decisions on structural reform, capacity building of the regulatory bodies, curbing corruption, stabilising banking sector, tax reforms and attracting foreign direct investment to overcome the economic stresses.             

On August 21, in a previous release in this regard by the press wing said that the AL-led regime had left behind Tk 18.36 lakh crore debts and the tax-GDP ratio dropped 8 per cent from 11 per cent in the past six years.

Besides, the overall inflation reached almost 12 per cent and food inflation 14 per cent in July, said the release.

This is the second time that white paper on economy will be prepared after a number of taskforces prepared white papers on different sectors during the first caretaker government in 1990-91 following the ousting of HM Ershadin 1990.