Finance Minister Amir Khosru Mahmud Chowdhury announced that the government will avoid loan-dependent mega projects and instead focus on eliminating unnecessary initiatives to ensure balanced national development. He made the remarks on Sunday, May 10, at the inauguration of the second phase of the PKSF and World Bank joint project ‘RAISE’ in Agargaon, Dhaka.

The minister emphasized that the government is working to ensure economic democratization by bringing marginalized groups under financial support. He stated that those excluded from the mainstream economy must be integrated, as participation in economic activities is a citizen’s right. He added that democracy should not be limited to politics but must also extend to the economy, underscoring the government’s commitment to democratizing economic opportunities.

The announcement signals a shift toward inclusive growth policies, prioritizing financial empowerment and sustainable development over debt-driven infrastructure expansion.