Dhaka, Aug. 12 -- Finance Adviser Salehuddin Ahmed on Tuesday claimed that the economy of the country has turned around from the verge of collapse.

"I think that this is the beginning to the right direction, we are heading towards right direction," he told a press conference marking one year of the interim government at the finance ministry.

He said that although the government has been able to solve many issues related to the country's economy, it is not possible for this interim government to solve everything.

"We do not have the magic wand," he added,

The adviser, a former governor of the central bank, said no country in the world has seen the banking sector plundered like the way it was done during the fallen Awami League regime....