• 52 held in Cox’s Bazar while going to Malaysia illegally
  • Yemen Shiite rebels overrun tribal strongholds
  • Jamaat leader killed in accident in city
  • North, South Korea to hold talks on family reunions
  • BNP’s alliance to hold demonstration in city Tuesday
  • Thai protesters vow no let up after disrupting poll
  • Police yet to arrest BCL men over RU shooting
  • ‘ULFA chief living in China’
  • Three women have made my life difficult: Taslima
  • HC directs govt to hand over investigation to RAB
  • Bangladesh seek revival after first Test flop
  • Himu murder case hearing begins Feb 18
  • Khaleda to brief media Tuesday
  • No bar for release of Moudud, Mahbub: lawyer
  • Pakistan's Khan declines Taliban talks role
  • Speaker, Deputy Speaker meet President
  • Shibir involved in Rajshahi Varsity incident: Hasan Mahmud
  • Cabinet for modifying draft of non-formal education act
HOME  BUSINESS
  
Print Friendly and PDF

SOUTH-SOUTH COOPERATION

Coordination real problem, says Muhith

Bangladesh Sangbad Sangstha . Dhaka

A file photo shows finance minister AMA Muhith at a programme in Dhaka. 
— New Age photo A file photo shows finance minister AMA Muhith at a programme in Dhaka. — New Age photo

Finance minister Abul Maal Abdul Muhith on Sunday underscored the necessity of strong coordination among the concerned countries addressing the real problem to have a successful South-South cooperation.
‘The real problem of South-South cooperation is off course coordination......I believe that the development partners can contribute richly in this regard. I think that is where we should look forward for further cooperation and effective management,’ he said.
The minister made the remarks while inaugurating the national consultation workshop on effective South-South Triangular Cooperation and Knowledge Sharing at NEC conference room in city’s Sher-e-Bangla Nagar as chief guest.
Muhith said the South-South cooperation today was an accepted phenomenon as there was no hesitation from the development partners to this end.
The finance minister said South-South cooperation had advanced a great deal in the planning process in working out plans for any particular sector while the multilateral banks had contributed quite substantially in triangular cooperation.
Emphasising the need for forging partnership, Muhith said it is now universally accepted that to achieve successes nationwide, there is a need to involve every parties including private sector and civil society.
Political will for advancement of the development policy is very much needed as without it, none could move anywhere, he added.
State minister for finance MA Mannan and UNDP country director Pauline Tamesis also spoke on the occasion as special guests with Economic Relations Division secretary Mohammad Mejbahuddin in the chair.
MA Mannan said Bangladesh’s cooperation with the neighbouring souths and development partners in the north is vital as it has been planning to become a mid-income country by 2021.
‘We believe in South-South cooperation for better synergies and we need to increase the effectiveness of both aid and trade in delivering the goals of development in the south,’ he added.
Citing the prime minister Sheikh Hasina’s determination to become a developed country by 2041, the state minister said gaining the target is possible if there is political stability and realistic foreign policy.
The South-South and Triangular Cooperation and Knowledge
Sharing is one of the five themes to be discussed in the upcoming high level meeting on global partnership to be held in Mexico in this April.
In this context, the workshop was organised to diagnose the current practices of South-South and Triangular Cooperation and Knowledge Sharing in Bangladesh. It also aims to analyse how south-south cooperation can be done more effectively and how to increase its impact on development. At the same time, it
also sought to identify good examples and practices which could be emulated.
Recommendations coming from this workshop are expected to provide input for the aforementioned upcoming high level meeting in Mexico as well as for the foreign assistance policy of Bangladesh that is now under formulation.
There were number of working sessions in the workshop dealing with the current state of South-South and Triangular Cooperation and Knowledge Sharing in Bangladesh, scope of trade as well as skills development and overseas employment opportunities for Bangladesh with its southern partner countries and also for analysing the comparative Advantages of the Southern assistance comparing to northern ones.
Ambassadors and representatives from various embassies and high commissions like India, China, Republic of Korea and Denmark, representatives from bilateral and multilateral agencies, business bodies and trade associations and government officials attended the workshop.




Reader’s Comment

comments powered by Disqus
   

27 banks yet to disburse any green loan despite ceiling imposition

A solar panel is seen at a store on Dilu Road at Moghbazar in Dhaka last week. Twenty-seven scheduled banks are yet to disburse any loan under a Tk 200-crore refinance scheme for green products although Bangladesh Bank set a loan disbursement target of at least Tk 5 crore in a fiscal year under the scheme. — Sanaul Haque
Twenty-seven scheduled banks are yet to disburse any loan under a Tk 200-crore refinance scheme for green products although Bangladesh Bank set a loan disbursement target of at least Tk 5 crore in a fiscal year under the scheme. Full story

CPA wants end to long auction process by customs

The Chittagong Port Authority has again requested the National Board of Revenue for quick disposal of all auctionable and destroyable goods and containers left abandoned in the port for years, officials of the revenue board said. Full story

Refinance scheme application deadline extended for 4th time

The supervision committee for Tk 900-crore government refinance scheme for the affected small-scale investors on Sunday extended for the fourth time the deadline to get loan applications from merchant banks and brokerage houses till March 31. Full story

BTRC floats fresh tender for telco audit

A file photo shows a mobile phone balance reloading shop in Dhaka. The telecom regulator on Sunday floated a fresh tender for auditing the mobile phone companies with a condition that participating firms must have registration of the Institute of Chartered Accountants of Bangladesh. — New Age photo
The telecom regulator on Sunday floated a fresh tender for auditing the mobile phone companies with a condition that participating firms must have registration of the Institute of Chartered Accountants of Bangladesh. The Bangladesh Telecommunication... Full story

Banks require no prior BB approval

Bangladesh Bank said scheduled banks would not require prior approval from the central bank to hold collaterals on behalf of their overseas bank branches or correspondents in respect of foreign borrowing by local industrial enterprises. Full story

Dhaka stocks gain for 3rd day

Dhaka stocks advanced for the third trading session on Sunday with the DSEX hitting another fresh high at 4,787.66 points since its launch last year as investors went for buying in late trading. The benchmark general... Full story

Coordination real problem, says Muhith

A file photo shows finance minister AMA Muhith at a programme in Dhaka. 
— New Age photo
Finance minister Abul Maal Abdul Muhith on Sunday underscored the necessity of strong coordination among the concerned countries addressing the real problem to have a successful South-South cooperation. ‘The real problem of South-South... Full story

Mumbai opens monorail to ease traffic congestion

India’s financial capital unveiled its first monorail system on Saturday, a much-delayed project that aims to boost the city’s creaking transport infrastructure and ease traffic on its notoriously congested roads. The first phase of the transit ... Full story

US judge approves $8.5b Bank of America settlement

A US judge has approved an $8.5 billion settlement between Bank of America and a group of investors for losses on dodgy mortgage-backed securities whose collapse triggered the 2008 financial crisis. Justice Barbara Kapnick of the... Full story

6 members to contest for 4 posts, 2 quit race

Six members-turned-shareholders of Dhaka Stock Exchange will vie for four directorship posts of the bourse in the January 12 elections as two candidates have withdrawn their nomination papers, DSE officials said. The shareholders who have withdrawn... Full story

Mamun becomes GS of GEF B’desh Chapter

Standard Bank deputy managing director Mamun-Ur-Rashid has recently been elected general secretary of the Global Economist Forum Bangladesh Chapter, said a news release. Mamun was elected in the biannual general meetin... Full story

Tokyo investors eye Japanese earnings, US data this week

Tokyo investors will keep a close eye on US data this week and more Japanese corporate earnings with firms including Sony, Toyota and Panasonic due to report. After the Federal Reserve this week reduced its stimulus programme by... Full story

IMF warns over impact of global market turmoil

The International Monetary Fund on Friday warned emerging economies to shore up their defences amid challenging global turmoil that has sparked a broad-based sell-off in financial markets. An IMF spokesperson said they... Full story

Market Disclosures

S Alam Cold Rolled Steels The Board of Directors has recommended 13per cent cash dividend for the year ended on September 30, 2013. Date of AGM: March 29, 2014, Time: 11:00am, Venue: Safa Arcade, 94, Nawab Sirajuddowla Road, Chandanpura, Chittagong. Record... Full story
  • Online Poll


    Do you think that the government has successfully brought back normalcy in public life after the January 5 elections?

    • Yes
    • No
    • No comment
    Ajax Loader