State Minister for Finance Waseqa Ayesha Khan has called for collaboration from policy planners, academics, and development partners to create a robust and efficient financial management system for Bangladesh. The initiative comes as Bangladesh navigates through unprecedented challenges and opportunities in the global economic landscape.
During the launch of the Public Financial Management Strategy (PFM) for 2025-2030 in Dhaka, Khan emphasized the importance of resilient and effective financial management systems in safeguarding the nation’s economic stability and fostering sustainable development. The event was organized by the Finance Division, Ministry of Finance, with support from the World Bank, European Union, and Global Affairs Canada.
Various key stakeholders, including government officials and representatives from international organizations, attended the inaugural discussion. The focus was on enhancing PFM to foster effective macroeconomic management and promote good governance. The State Minister highlighted the need for coordinated efforts from all stakeholders to maximize the benefits of PFM reforms in Bangladesh.
The PFM Reform Strategy 2025-2030 aims to address gaps from previous initiatives and align with broader political mandates such as the Smart Bangladesh Agenda. The ultimate goal is to transform Bangladesh’s PFM system into a technology-driven, performance-oriented, and efficient public expenditure management system to support sustainable development and improved service delivery. The collaborative approach taken in this initiative is expected to pave the way for sustained prosperity for future generations in Bangladesh.