A Bangladesh Economy without World Bank, IMF and ADB are Possible!


Dhaka 26th January 2008. Equity and Justice Working Group (EJWG) today at 11 am has organized a human chain in front of national parliament house Dhaka with a banner of call that “ A Bangladesh without World Bank, IMF and ADB is possible “. The gathering have been participated by hundreds of people, where Md. Shamuddoha, Secretary General, Mustafa Kamal Akanda, AHM Bazlur Rahman, of EJWG, Fakrul Ferdous of DCI, Arzu man Ara Begum of Kihsani Shova, Hossne Ara Begum of Bhasoman Nari Sromik Union and Shamima Akter of ASWO given speeches.
The speakers mentioned present trend of high inflation in the country and miseries of poor and common people. They have mentioned this problems are the aggregate result of the conditionality of those international financial institutions, now Bangladesh has a per capita foreign debt of taka 10,500 but while Bangladesh has to pay US $ 1.50 for each of US $ 1 grant aid. Due to the conditionality government has to withdraw especially subsidies in agriculture and public distribution system which the nation has had in before. In fact which have had pave the path for the business interest of multinational companies and developed countries. Annually Bangladesh received US $ 1.5 billions as loan and aid while Bangladesh receive remittance of around US $ 5 billions, if Bangladesh decide easily can deny those debt and domination, now politically Bangladesh needs to decide its own agenda rather then listening to those international financial institution.

There are several activities being organized on 30th and 31st January 2008 in Dhaka as a part of Global Economic Justice Forum, Rezaul Karim Chowdhury convener of the EJWG has given an interview in popular TV channel 1 , which was broadcasted on 30th January 2008 at 8.40 am.

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