Bangladesh sets up committee monitoring impact of global financial crisis
3/11/2008 16:18
The Bangladesh government has formed a high-powered technical committee to
monitor the impact of global economic turmoil on the country's economy, leading
English newspaper The Daily Star reported today.
The eight-member committee
headed by the finance secretary was formed yesterday at a meeting of the
planning ministry, chaired by Finance Adviser of the caretaker government AB
Mirza Azizul Islam.
After the meeting, Aziz told reporters the committee
would hold fortnightly meetings and make necessary recommendations on the basis
of its analysis of the situation of world economy.
Members include the
governor of the country's central bank, chairman of the National Board of
Revenue, chairman of the Securities and Exchange Commission and chief controller
of insurance.
The finance adviser said the committee would analyze the
situation of export, import, terms of trade, share market and other economic
issues and suggest corrective measures.
He said the global economic meltdown
would not affect Bangladesh 's economy immediately as the country's financial
sector including the capital market was not integrated with the international
market.
He however did not rule out the possibility of being affected in the
long run.
Xinhua
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