34 C
Friday, July 19, 2024

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

U.S Embassy Applauds Journalist Safety Training

U.S. Embassy Applauds Journalist National Election Safety Training

Recognizing the crucial role of journalists in the upcoming national elections, the Edward M. Kennedy (EMK) Center partnered with the Bangladeshi Journalists in International...
Hola Browser

Hola gives the people of Bangladesh free access to a world of online content...

– The Hola Browser, a browser which includes a built-in 100% free peer-to-peer virtual private network (VPN), this week officially launched in Bangladesh,...
Universal College Bangladesh UCB

UoL degrees with London School of Economics’ academic direction, now at Universal College Bangladesh!

With the aim of providing world-class affordable education in Bangladesh, Universal College Bangladesh (UCB), the first Ministry of Education approved international education provider...

Bangladesh MBA Association (BMBAA) holds its 10th AGM and Election of Central Executive Committee...

Dhaka September 24, 2022: Bangladesh MBA Association (BMBAA) held its 10th Annual General Meeting today at IBA Auditorium, Institute of Business Administration (IBA), University...
Salman Khan-Being Human Clothing

Salman Khan’s ‘Being Human Clothing launching’ in Dhaka

Dhaka, 13 September 2022: Bollywood superstar Salman Khan owned clothing brand ‘Being Human Clothing’ launches its first outlet at Banani, Dhaka on the 15th...
Next Generation Bankers

NGGB Trust pays courtesy call to Shimanta Bank MD

Trustees of Next Generation Bankers Bangladesh (NGGB)—a platform that unites young bankers of the country for common good—on Wednesday paid courtesy visit to the...