Micro-credits have oppressed the poverty instead: Kholiquzzaman

Habibullah Mizan
Palli Karma-Sahayak Foundation(PKSF) chairman economist Dr Qazi Kholiquzzaman yesterday said the micro-credit did not drive away poverty from the country .

‘‘Micro-credits have oppressed the poverty instead,’’ he said criticizing the much talked micro-credit for which Grameen Bank and Prof Yunus were awarded the Nobel prize.

He was addressing as the chief guest in a discussion titled ‘Vision 2021: And Bangabandhu’s Economic Thinking’ organized by Society for Development and Cooperation at CIRDAP auditorium.

The noted economist urged the countrymen to launch a mass movement against the people who are involved in bribery corruption, keening and touting to implement the vision 2021 of the government.

Former Bangladesh Bank deputy governor Khondaker Ibrahim Khaled presented the keynote while former BB governor Dr Mohammad Forusuddin, parliamentarian poet Robi Rahman, among others, addressed the discussion.


Ibrahim Khaled said,‘‘ By introducing the BAKSHAL, Bangabandhu had taken a revolutionary programme to build a oppression-free Bangladesh adding,‘‘ After the August tragedy in 1975 , all welfare and revolutionary initiatives of Bangbandhu were cancelled except the supreme power of the president of the republic.”

Later General Zia and General Ershad had benefited from that supreme power given to the president by the fourth amendment of the constitution , he added.


Dr Mohammad Forusuddin said Bangabandhu never separated economy from the politics and only to make the distressed and oppressed people smiling, he introduced the BAKSHAL.

‘‘Though many people criticize BAKSHAL, it was never a one party system he said adding ,‘‘It was inevitable on that perspective of the country.’’