A taskforce formed by the interim government has proposed the creation of emergency security reserves to enhance the country’s food security and stabilise the supply of essential commodities.
In its recent report, the taskforce highlighted the need to expand existing food reserve stocks to include critical items such as diesel, fertilisers, and edible oils.
These commodities are particularly vulnerable to price fluctuations due to their reliance on imports.
"While long-term strategies like transitioning to renewable energy and boosting local production of edible oil seeds are essential, establishing in-country security reserves can provide immediate stability in pricing and supply," the report reads.
The report, titled "Re-strategising the Economy and Mobilising Resources for Equitable and Sustainable Development," was submitted to Chief Adviser Professor Muhammad Yunus on January 30 by Education and Planning Adviser Professor Wahiduddin Mahmud.
The 12-member taskforce, formed on September 10, was tasked with reframing development strategies, identifying financial system leakages, and restoring discipline in project implementation.
Its recommendations aim to serve as a roadmap for economic reform, focusing on creating a more resilient and equitable economy.
The taskforce emphasised that prioritising impactful projects in healthcare, education, and governance can help restore public trust in institutions and drive sustained progress.
By addressing immediate challenges through emergency reserves and long-term reforms, the interim government aims to build a more stable and self-reliant Bangladesh.