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Action against money launderers pledged

Staff Reporter:

Awami League (AL) President Sheikh Hasina has pledged to take effective action against money laun-derers and strictly enforcing laws to recover defaulted loans.
“Effective action will be taken against money launderers,” she said yesterday while declaring the AL’s election manifesto in a city hotel yesterday ahead of the 12th national elections to be held on January 7.
She also promised to execute eradication of bribery and corruption at all levels of the state and society, prevention of unearned income, and punishment of debt-tax-bill defaulters and corrupt persons through the judicial system.
Their illegal money and property will be confiscated, the AL president added. “Laws will be strictly en-forced to recover defaulted loans. It will be ensured that the bank will maintain the prescribed provision for defaulted loans,” she promised.
Policy interest rates will be the main means and instruments for controlling money supply and inflation, she added.
Sheikh Hasina said credit provision for self-employment of employable trained youth will be extended while import and export trade will be balanced, reducing uncertainty in the supply of foreign exchange.
In the last decade and a half, she said, Bangladesh has established itself as a dynamic and fast-growing global economic power. Bangladesh is currently the 33rd economy in the world regarding national in-come, she added.
During this time, the production and supply of various products and services increased significantly due to the revolutionary changes in the country’s agriculture, industry, and service sectors, she said.
If elected, the Awami League government will adopt the necessary policies and strategies to implement the goals and plans, she promised.
A correlation between market value and income will be established, she said, adding: “the Awami League will continue the importance of the private sector in economic development and use opportuni-ties for joint investment between the public and private sectors where reasonable.”

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