DHAKA, Dec 27, 2023 (BSS) - Awami League (AL) President Sheikh Hasina has
pledged to take effective action against money launderers and strictly
enforcing laws to recover defaulted loans.

"Effective action will be taken against money launderers," she said while
declaring the AL's election manifesto in a city hotel today ahead of the 12th
national elections to be held on January 7.

She also promised to execute eradication of bribery and corruption at all
levels of the state and society, prevention of unearned income, and
punishment of debt-tax-bill defaulters and corrupt persons through the
judicial system.

Their illegal money and property will be confiscated, the AL president added.

"Laws will be strictly enforced to recover defaulted loans. It will be
ensured that the bank will maintain the prescribed provision for defaulted
loans," she promised.

 Policy interest rates will be the main means and instruments for controlling
money supply and inflation, she added.
 
 Sheikh Hasina said credit provision for self-employment of employable
trained youth will be extended while import and export trade will be
balanced, reducing uncertainty in the supply of foreign exchange.

 In the last decade and a half, she said, Bangladesh has established itself
as a dynamic and fast-growing global economic power. Bangladesh is currently
the 33rd economy in the world regarding national income, she added.

 During this time, the production and supply of various products and services
increased significantly due to the revolutionary changes in the country's
agriculture, industry, and service sectors, she said.

 If elected, the Awami League government will adopt the necessary policies
and strategies to implement the goals and plans, she promised.

 A correlation between market value and income will be established, she said,
adding: "the Awami League will continue the importance of the private sector
in economic development and use opportunities for joint investment between
the public and private sectors where reasonable."