Stating that the overall economic situation of the country is not in a favorable state, Finance Minister Amir Khasru Mahmud Chowdhury has explicitly clarified that there is no “quick fix” for the ongoing power and energy crisis. He indicated that even with the implementation of effective long-term measures, the nation may have to wait at least two years to reap the full benefits.
The Finance Minister made these remarks as the chief guest at a special discussion organized by the American Chamber of Commerce in Bangladesh (AmCham) at a Dhaka hotel on Sunday afternoon (August 16).
During his address, the Finance Minister highlighted that despite having sufficient power generation capacity, the primary constraint lies in fragile transmission and distribution networks, preventing the effective utilization of generated power. To mitigate this, efforts are underway to build a sustainable energy mix, secure primary fuel supplies, and upgrade the national transmission grid.
Addressing instability in the financial sector and rising non-performing loans (NPLs), the Minister emphasized that resolving banking sector complexities requires moving away from total reliance on government assistance. Instead, restoring discipline will depend on capital restructuring, debt resolution, and developing alternative financing mechanisms.
