Newly appointed Finance Minister Amir Khasru Mahmud Chowdhury on Wednesday set out an ambitious reform agenda, placing institutional rebuilding, deregulation and inclusive economic participation at the centre of the government’s immediate priorities.
Speaking to reporters after formally taking charge at the Finance Ministry, Khasru - who is also serving as Planning Minister - said the effectiveness of any economic programme ultimately depends on the strength and credibility of state institutions.
“Our primary problem is that the state institutions are in a very bad shape. We must address this first,” he said, stressing that restoring professionalism, transparency and efficiency within public bodies would be his top priority.
Describing institutional reform as the “number one” task, the minister warned that even the most well-designed economic plans would falter without functional and accountable institutions.
He underscored that rebuilding governance structures is essential for sustainable fiscal management and long-term growth.
Outlining his broader economic vision, Khasru called for a shift away from what he termed a patronage-driven system towards a more inclusive and competitive model.
“The economy must belong to all citizens,” he said, emphasising the need for a level playing field that allows broad-based participation.
He also pledged sweeping deregulation, arguing that Bangladesh has gradually become over-regulated, raising the cost of doing business and constraining fair competition.
Excessive regulatory layers, he said, have fostered inefficiency and rent-seeking.
“To succeed, we must undertake serious deregulation and liberalisation,” he said, adding that rationalising the regulatory framework would reduce barriers, strengthen competitiveness and boost investor confidence.
Summing up his priorities, the minister said economic reform anchored in strong institutions, reduced regulatory burdens and inclusive participation would guide his leadership at the ministry.
