ASM Abdur Rob, president of the National Socialist Party (NSP) JSD, termed the government’s ‘image’ enhancement strategy by lending hard-earned foreign currency to Sri Lanka as suicidal and a ‘terrible injustice’.
In a statement to the media on Sunday, he said that the government’s mentality of borrowing ২৫ 250 million from reserves for Sri Lanka at a time when the people of the country were indebted to the tune of more than Tk 11,44,296 crore and 50 million people were living below the extreme poverty line was not indicative of any visionary diplomacy.
Robb said that despite the fact that indebted Sri Lanka owes 119 per cent of GDP and cannot afford to repay the loan, allocating loans to Sri Lanka is in no way urgent or consistent in the reality of Bangladesh.
He said it was not possible for Bangladesh to recover a bankrupt country like Sri Lanka with a loan when the per capita debt of the country was increasing and the repayment of the loan installments was a risk to the country in the future. Sri Lanka’s central bank has failed to meet Bangladesh’s loan repayment conditions.
The JSD President said that Bangladesh should be cautious about adopting large infrastructure projects on supplier credit, quality of projects implemented on loan, accountability of cost, time and cost of project implementation and self-sufficiency economic plan. Completion of mega projects including Rooppur Power Plant will increase the burden of repaying foreign loans, leaving the Least Developed Countries (LDCs) will take away the special priority of trade – so Bangladesh needs to be more careful in choosing the wrong policy, wrong project.
He said the government’s reckless use of the ‘Bahaba’ issue has also plunged the nation into a protracted crisis. The Rohingya issue will put the future stability of Bangladesh at extreme risk. But the government will not bear any responsibility. We must learn from wrong politics.
Robb said taking temporary advantage of the government’s “retention of power” could push the state into unlimited danger. Bangladesh needs to show much foresight in these matters.