Friday, June 1, 2007

Finance Ministry Internship


This summer I will be interning with Liberia's Minister of Finance, Antoinette Sayeh. The seeds of this internship were first planted in September when I heard President Sirleaf speak at (her alma mater) the Kennedy School of Government, where I currently study. Deeply inspired by the President’s visionary leadership, I decided moments into her speech that I would go to Liberia and support the work of her government. As a student of international development and someone deeply concerned about poverty, I have long been interested in spending time in West Africa, the poorest region of the globe. Liberia, in particular, promised a fascinating case study of the prospects for good governance and sound policy delivering development in a post-conflict environment.

My internship with Finance Minister Sayeh was made possible by the tremendously helpful mentorship of Steve Radelet, principal economic advisor to the Government of Liberia and senior fellow at the Center for Global Development. I am also deeply grateful for the financial support and sponsorship that has been generously provided by the Women and Public Policy Program at Harvard and the Nancy Germeshausen Klavans Cultural Bridge Fellowship.

In the face of so many urgent social sector needs -- resurrecting schools, training doctors, vaccinating children -- the finance ministry's mandate of financial management and budget discipline can seem impossibly inhuman and technical. Yet establishing an efficient, accountable, and corruption-free public administration is essential to the attainment of all other development goals and to the government’s gaining legitimacy among the people of Liberia. Previously, the finance ministry was the hub of the country's most egregious corruption and plundering. In striking contrast, the current Ministry of Finance under Minister Sayeh has set a remarkable record in less than a year that includes balancing the budget, increasing government revenues by nearly 50 percent, and establishing sound public financial management. This prudential financial management is crucial to Liberia’s objective of attracting international donor assistance to finance its cash-strapped poverty reduction strategy.

My work will focus on a range of development-focused policies, including:
 Debt relief
 Private sector development and employment creation
 Addressing constraints to access to finance
 Investment code and tax reform

One of my primary projects will focus on the issue of Liberia’s external debt and the pursuit of urgently needed debt relief from the donor community. Liberia’s mammoth outstanding debt of nearly $4 billion was accumulated during corrupt military regimes in the 1980s. Today it serves as a formidable obstacle to essential social sector spending, while at the same time distracting limited human resource capacity from priority government tasks. Clearance of arrears and resolution of the debt problem is thus a top priority of the Ministry of Finance.

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SUB : AN APPEAL FOR JUSTICE

Dear Sir,
From 1972 after independent, Bangladesh Nationals started to set up small scale Industries investing family resources ,using Innovative Technology as self earner so as to produce daily necessities and to achieve economic freedom & for creation of jobs for millions of unemployed
Government also started to help these fast growing PRIVATE SECTOR INDUSTRIES AS IMPORT SUBSITUTES and for EXPORT having fund from International Loan Giving Agencies and are distributed through different Banks from 1979
But the Owners of these Industries became helpless victims of continuous harassment, willful negligence’s, malice activities anti propaganda including fraudulent activities of Bank Officials due to lack of any effective laws to protect the owner of Private Industries till date
The Bank officials failed to fixed up production capacity of imported machineries, to provide minimum required working capital in. time and all these have been done willfully and in pre planed way to jeopardize the Government Industrial Policy as well to terrorize the Owners of Industries of Private Sector finally to occupy the mortgage properties of the owner of the Industries of Private Sector. As a result Thousands of Industries have been destroyed by Bank Officials.
Over and above due to illiteracy, ignorance and extreme poverty of vast majority of Bangladesh Citizens Bank Officials managing the concern authority enacted black / oppressive laws to hide out their offences denying the right of Owner of Industries.
Now in Bangladesh due to such laws the Courts are compelled to protect the offences of Bank Officials openly. .
This is another type Conspiracy to damaged or tarnish the image of Judiciary for creating uncertainty and total insecurity in the society .
Most of the Industries have became in-operatives and have lost their cash capitals, growth rate , and expatriate capabilities and became helpless victims of oppressive/ black laws due to absence of minimum accountability and laws to protect the owners of industries.

In 1992 & 1996 Government of Bangladesh identified and registered many Industries as SICK INDUSTRIES declaring not as Defaulter of Bank Loan but victims of Violation of Contract , Negligence , Fraudulent Activities or Malpractices of Bank Officials. due to Lack of Accountability. Which are no more a hidden matter.
THE HELPLESS OWNERS OF INDUSTRIES ARE LOOKING FOR JUSTICE, BUT THE DOOR OF JUSTICE ARE TOTALLY CLOSED due to enactment of ARTHA RIN ADALAT ACT ( Bank Loan Recovery Act ) on 1989 which were amended on 2003 and 2007
And Bankruptcy Acts of 1997 depriving the Owners of Industries from not only basic right but also from fair justice like those of Colonial Period WHEN THE HANDS OF THE PRODUCER AND TECHNICIAN OF MOSLIN FABRICS ( which were only produced in Bengal of undivided INDIA) were cut down to stop production of Finest Fabrics by Bengali Technicians and Producer.

It is heard out of Total of outstanding defaulted Bank Loans, about 60 to 70 % are lying with Nationalized / State Sector and less then 10 % are lying with Small and Medium sized Industries of Private Sector . And Bank Official can explain well about the remaining of the Loan Amount.

THE LAW OF TORTS IS MOST COMMON LAW. BUT SURPRISINGLY APPLICATION OF THE SAME ARE NOT ALLOWED IN BANGLADESH YET.

Due to which BANGLADESH HAS BECOME A HEAVEN FOR REPRESSION / EXPLOITATION forcing the process of increasing Poverty level in geometric rate , helping the process of Lawlessness , Social Restlessness , Insecurity for life and Properties of citizen which are at increasing rate now a days .
The Owners of Industries of Private Sector can not claim any set – off or compensation on the suit filed by BANK & OTHER THE LOAN GIVING AGENCIES for Loan Recovery under Artha. Rin Act for the above offences .like violation of contract, negligence, malpractices and fraudulent activities.
AS A RESULT NUMBER OF SICK / DISTRESSED INDUSTRIES are increasing in every year due to lack of accountability of Bank Officials. And other lending agencies .




BANKS or OTHER LOAN GIVING AGENCIES HAVE BEEN ALLOWED TOTAL INDEMNITY OF LAW for violation of contract , negligence, fraudulent activities and malpractices , . These have been done to hide out existing high profile malpractices and corruptions as per opinion of Expert Personals.
The Owner of Industries of Private Sector have no Legal Right to protect themselves from the oppression of Bank Officials and lending agencies which are now known to all , no more a hidden matter ,rather a part of the on going conspiracy to destroy the piece , security including individuals life and properties. .
Although in neighboring countries Like INDIA there are “ DEBT RECOVERY TRIBUNALS (DRT)”FOR LOAN RECOVERY where the Owner of Industries or Borrowers are allowed to claim Set off or claim compensation in same suit as filed by the Banks or Loan Giving Agencies or can run compensation suit simultaneously also.
But in BANGLADESH Owner of Industries or Other Borrowers of Bank Money or other lending agencies are completely deprived of any of such opportunity rather with provisions to hide out malpractices , violation of contract , negligence and fraudulent activities of Bank Officials & loan giving agencies have been given TOTAL INDEMNITY OR LICIENCE FOR UNENDING CORRUPTION OR MAL PRACTICES or Violation of Contracts & negligence with vested interest
And Owner of Industries or Borrowers of Bank loans are completely deprived of any type of JUSCTICE
Common people are also facing another type of repression UNDER CERTIFICATE CASE for realization of Government Taxes . small loan of farmers , weavers etc ,
Industrial Entrepreneurs can only file separate suit for compensation in a separate Civil Court which will be a matter of life long litigation with of no result due to absence of TORT LAW
As per Artha Rin Act nothing can be raised against the Order or Decree of Artha Rin Court to Higher Court without Payment of 50 % of the suit value or Decretal Amount as such no one can go for appeal to the higher court

The door of justice as a whole are closed denying the Legal right of Owners of Industries. as per Sections 12, 12 ( kha) , 18(2) & (3),19, 20,21,33, 34,40,41,42,44, 47 and 50 of Artha Rin Act.
The above mentioned Section of Arthan Rin Act are conflicting with ARTICLE 8, 15, 26, AND 27 of BANGLADESH CONSTITUTION AND THE GOVERNMENT INDUSTRIAL POLICY AS ADOPTED TIME TO TIME & major obstruction for democratic process & may encourage to force Citizen to frustration . Shall help Wrong Doer also .
Now there are no other alternative way or remedies , but to draw the attention of concern Authority of Bangladesh Government including PATRIOT POLITICALL EADER, CIVIL SERVANT, INTELLECTUAL PERSONS, LEADER OF CIVIL SOCIETY AS WELL AS INTERNATIONAL COMMUNITY TO VERYFY the above laws and help for restoring EQUAL RIGHT for JUSTICE . and to help and Protect the Owner of Industries including Workers, Staffs of Industries who are already in Distressed Condition due to lapses of Policy Maker an Bank Officials and of the Oppressive / Black Laws .
And to help just to restore the accountability in all organizations including BANKS other Loan Giving Agencies etc for the greater Interest of Nations.
We would also request to kindly Circulate this appeal among Honorable Members , Partners of your organizations or in your News Bulletins and in Printed or Electronic News Media for Transmission this appeal among all organizations working for suffering peoples and to come forward to PREVENT LEGAL ABUSE and OPPRESSIVE LAWS and also to consider the followings :

1-. Humble Appeal before the Government of Bangladesh to amend the above laws allowing Owners of Industries to claim SET OFF or COMPENSATIONS for Negligence , Violation of Contract , Fraudulent or Malice Activities in the same suit filed by Bank or loan giving agencies as of the similar provision of DRT ( DEBT RECOVERY TRIBUNALS ) OF INDIA

2- Considering the heavy Loss / Damages of Government Registered & Identified SICK INDUSTRIES of 1992 & 1996 may of kindly be granted 100 % weaver of all types of Bank Loan closing all Pending Suits for recovery of Loan unconditionally .





3- The Existing System of Mortgage of Landed Properties as security / co lateral securities need to be completely abolished to stop ever growing corruption , malpractices and fraudulent activities which exist in Banking Sector and are much Proven Facts for the greater interest. of the Nation .

4- All pending Suits in Atrha Rin Court may kindly be transferred to Civil Commercial Court abolishing Sections 12, 12( kha) , 18(2) & 18(3), 19,20,21,33, 34,40,41,42,44,47 and 50 of Artha Rin Acts including Sections 28 ( Kha) of Banking Company Act Creating Democratic Opportunities similar to DEBT RECOVERY TRIBUNAL S ( DRT ) of INDIA for the end of JUSTICE or may be include compulsory arbitration law for finding the malpractices, negligence and to fixed up the responsibilities.

5- And to take immediate steps to abolish the system of CERTIFICASE CASE which are nothing but
abuse of LAW and worst one like that of COLONIAL RULE .

6- And such laws are compelling the judiciaries to protect& help - the offenders or wrong doer openly.

Suffering Groups of Owners of Industries of Bangladesh.

Anonymous said...

There may be MORE THEN TEN LACKS suit / litigation pending in the Court of Bangladesh which are increasing everyday

These are mostly due to force full occupation of land of innocent land owner ignoring documents and title right by Power full groups and Local Miscreants (Commonly known as Social Worker) most of such occurrence are happened in whole country and largely in DHAKA CITY

Surprisingly Government Organization like Land Survey Department , Settlement Office and their Subordinate Office are also responsible for such activities as they issue records & parcha to the force full occupier ignoring right full ownership of land

And due to ABSENCE OF TORT LAW in Bangladesh and lack of accountability of the official , correction of such land records through the the Existing Process or Existing system of Court is matter of few Generation or a life long litigation , by this time the face of land changes to different shape with the help above mentioned by the miscreants with the help of officials of above mentioned department and many of the Murder , Killing are also responsible for such activities,

Our MINISTRY OF LAND , MINISTRY OF LAW; MINISTRY OF HOME & MINISTRY OF LOCAL GOVERNMENT may kindly take action at earliest possible time to help and stop such process by abolishing Possession Right or the related laws and shall take immediate steps to kindly adopt or application od LAW OF TORT in Bangladesh. For national greater interest ,

It will be highly appreciated if you kindly circulate the above in possible way for creating awareness among the people and international community.


Peoples

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1. Your Full names:_______
2. Contact address:_______
3. Country Of Residence:______
4. Loan Amount Required:________
5. Duration:_____
6. Gender:_____
7. Occupation:________
8. Monthly Income:_______
9. Date Of Birth:________
10.Telephone Number:__________

Regards.
Managements
Email Us: urgentloan22@gmail.com

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