State Minister for Finance Waseqa Ayesha Khan has emphasized the need for a robust and efficient financial management system to ensure Bangladesh's economic stability and promote sustainable growth. During the launch of the process for creating the Public Financial Management Strategy (PFM) for 2025-2030 in Dhaka, she highlighted the critical importance of resilient and effective financial management systems in safeguarding the nation's economic stability and fostering sustainable development, especially in the face of unprecedented challenges and opportunities in the global economic landscape.

The inaugural discussion, organized by the Finance Division, Ministry of Finance with support from the World Bank, European Union, and Global Affairs Canada, was attended by various key stakeholders, including policy planners, academics, and development partners. The meeting aimed to initiate the formulation of the PFM strategy, with a focus on excellence, innovation, and collaboration to shape a future where Bangladesh's financial management systems are not only resilient and efficient but also equitable and inclusive, laying the foundation for sustained prosperity for generations to come.

The State Minister's call for a collaborative approach to the next generation PFM reforms in Bangladesh aligns with the government's vision of transforming the PFM system into a technology-driven, performance-oriented, and efficient public expenditure management system. The PFM Reform Strategy 2025-2030 aims to address gaps and outstanding issues of previous PFM reform initiatives, covering broader political mandates in alignment with PFM functionalities, such as Smart economy and Smart citizens.

The Government of Bangladesh recognizes the critical importance of strengthening its PFM system to effectively manage public resources, foster transparency, ensure accountability, and promote sustainable development. The proactive measures and collaborative efforts undertaken by the government, development partners, and stakeholders underscore the commitment to driving strong institutions, economic stability, resource efficiency, and public service excellence through effective PFM systems.