Finance and Planning Minister Amir Khosru Mahmud Chowdhury has expressed confi dence that Bangladesh’s economy, including the energy sector, will stabilize by the second year of the government’s tenure, paving the way for stronger economic growth in subsequent years.
‘By the end of the second year, everything should be stabilized, including the energy sector.
The third year should be about to take off, and the fourth and fi fth years will be the take-off period,’ he said.
The minister made the remarks at a high-level luncheon meeting titled ‘Sustainable Power and Energy: Driving Investment in Bangladesh,’ organized by the Foreign Investors’ Chamber of Commerce and Industry (FICCI) in Dhaka recently.
Acknowledging the economic challenges facing the country, Khosru said the government had confronted a major energy crisis within a week of taking offi ce following the outbreak of war in the Middle East.
The crisis came on top of inherited fi nancial liabilities and longstanding structural weaknesses