Newly appointed Finance Minister Amir Khasru Mahmud Chowdhury has declared that Bangladesh’s economy must become democratic and inclusive, rejecting the continuation of a patronage-based system. Speaking to journalists at the Ministry of Finance on his first day in office on Wednesday, he emphasized that the country’s economy should serve all citizens, ensuring transparency, accountability, and reactivation of state institutions.

He noted that many state institutions are currently in poor condition and must first be recovered. Chowdhury stressed the need to bring professionalism, transparency, and efficiency into these institutions, warning that without such reforms, even large-scale programs would fail to deliver results. He also called for serious deregulation and liberalization, arguing that Bangladesh has become over-regulated due to long-standing patronage politics.

The minister said his goal is to create a level playing field where every citizen has equal opportunity to participate in and benefit from the economy, marking a shift toward a more open and accountable economic system.