29 C
Monday, July 4, 2022

More Investment Needs for Youth Development

The experts attended at a seminar urged the private sector to come up with funds for research and innovation, which will help the country to utilize demographic dividend

A seminar held on “Realizing the Demographic Dividend: Investment on Young People: Reflection on National Budget 2019-20” organised by the South Asian Network on Economic Modelling (Sanem), in partnership with ActionAid Bangladesh in the capital on July 9, 2019.

Experts attending the seminar said, more investment on young people with effective work plan is essential for mitigating the skills mismatch of graduates to enable them to find suitable jobs in order to take demographic dividend.

Deputy Education Minister Mohibul Hassan Chowdhoury was present as chief guest and Planning Commission Member Shamsul Alam as guest of honour while Sanem Executive Director Selim Raihan moderated the dialogue.

Mohibul Hassan Chowdhoury said, the country has not been able to get the demographic dividend yet. He emphasized on developing skills of rural youth along with those in urban areas.

At the seminar, Sayema Haque Bidisha, research director of Sanem while showing her presentation said, “Budget allocation for the ministries concerned, which are related to youth development, is not enough and properly youth sensitive and we did not find relevance of youth development in the budget allocation”.

Professor Alam also termed the next development plan as the launchpad for Bangladesh’s goal of becoming a developed nation by 2041. The plan will also focus on creating quality workforce.

“I will emphasise on applied fields in the Eighth Five Year Plan to utilise the demographic benefit,” he said.

Besides, the experts also said the budgetary allocation for the health and education sectors should respectively go up to become 4 to 5 percent of the GDP by 2030.

Prof Moinul Islam, chairman of the population sciences department of the University of Dhaka, Mohammad Mohidul Islam, a joint director of Bangladesh Bank, and Nimmi Nusrat Hamid, policy research consultant of Brac, also spoke.

Related Articles

Jermatz Limited

Jermatz receives National Productivity and Quality Excellence Award 2020

Jermatz Limited, a local jute products manufacturer, has been awarded National Productivity and Quality Excellence award 2020. The Managing Director of Jermatz Limited, Ismat Jerin...
Denim expo demonstrates the prowess of the Bangladesh denim industry

The 12th edition of the denim expo demonstrates the prowess of the Bangladesh denim industry

The two-day Bangladesh Denim Expo, organized by Bangladesh Apparel Exchange (BAE), ended with buyers, makers (both denim fabric and accessories), and sellers satisfied as...
Denim expo 2022

Denim expo bounces back after two years

The 12 edition of Bangladesh Denim Expo, an international exposition of denim products, will be held at the International Convention City Bashundhara (ICCB) in...
Samo Leather opens leather

“Samo Leather opens leather outlet to bring world-class items to the doorsteps of its...

Samo Leather has opened a new store to provide one-stop solutions for all types of genuine leather products to its consumers, with the goal...

‘ArmadeA’ aspires to be a genuine leather haven

At the ongoing National SME Fair-2021, which commenced on Sunday (Dec. 5) with people thronging in front of the stalls, about 325 entrepreneurs from...

Jermatz Galore Lucrative Discounts at SME fair

Nearly 325 entrepreneurs from over the country showcased their products and drew audiences by offering substantial discounts at the ongoing National SME Fair-2021, which...