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National Economic Council (Bangladesh)

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National Economic Council (Bangladesh)

National Economic Council (NEC)
Agency overview
Headquarters Dhaka
Employees 25
Agency executive

National Economic Council (NEC) is the highest political authority for consideration of development activities reflective of long-term national policies and objectives in Bangladesh. It serves as the economic mini-cabinet, consisting of the main economic ministers of the cabinet and headed by the Prime Minister.

Generally, the ministries formulate their respective plans and programmes or projects as per objectives formulated by the NEC. It consists of all members of the Cabinet and is Prime Minitesr is the chairperson. The NEC meets as when required, and in one particular meeting the attendance requirement depends on the subjects under consideration. Planning Division is the secretariat. All NEC proposals are later provided to ECNEC to be approved.

Structure

1. Prime Minister (Chairperson) 2. Ministers of the Council of Ministers (Member)

Supporting officials

  1. Cabinet Secretary
  2. Governor, Bangladesh Bank
  3. All Members, Planning Commission
  4. Secretary, Concerned Ministry/Division

Functions of the NEC

  • To provide overall guidance at the stage of the formulation of Five Year Plans. Annual Development Programmes and Economic Policies.
  • To finalize and approve plans, programmes and policies.
  • To review progress of implementation of development programme.
  • To take such others decisions and actions as may be considered necessary for socio- economic development.
  • To appoint such committees as deemed fit to assist the NEC in the due discharge of its responsibilities.

Meetings

  • Meeting of NEC is held every month and can be held earlier if required.
  • Planning Division provides secretarial service to the NEC.

See also

  1. ECNEC
  2. Economy of Bangladesh

External links

  • National Economic Council in Banglapedia
  • National Economic Council in Planning Commission site.


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