Finance Adviser Dr Salehuddin Ahmed has highlighted the critical lack of strong institutions in the country, stressing that without robust institutions, project implementation cannot succeed, regardless of how many projects are undertaken.
He made these remarks on Wednesday (13 November) at an event commemorating PKSF Day 2024, held at the PKSF building in Agargaon, Dhaka.
Speaking on the banking sector, Dr Salehuddin Ahmed stated, “We are leaving a footprint in the banking sector upon which the elected government will tread. While the interim government is executing short-term reforms, the incoming elected government will be responsible for implementing long-term reforms.”
The adviser expressed optimism regarding the government’s ongoing efforts, noting, “Foreign and bilateral agencies have extended their hands in cooperation. We have the capacity, and we have creativity. We will move forward.”
He praised the PKSF, describing it as a world-class institution not limited to providing loans but committed to enhancing institutional development. He pointed out that donor agencies hold PKSF in high regard due to its approach.
Reiterating the need for strong institutions, he added, “There is a significant shortage of good institutions in the country, along with a lack of integrity. Without strong institutions, project implementation will remain ineffective, no matter how many projects are proposed.”
