Fahmida Khatun
MACRO MIRROR
Dr Fahmida Khatun is executive director at the Centre for Policy Dialogue (CPD).
MACRO MIRROR
Dr Fahmida Khatun is executive director at the Centre for Policy Dialogue (CPD).
The mounting debt servicing obligations also threaten to exacerbate the strain on the country’s low foreign exchange reserves.
It is especially important now as Bangladesh is set to graduate from its LDC status and become a developing country by 2026.
In light of the upcoming LDC graduation, exporters need to proactively prepare for changes.
The findings of the WEF’s latest Global Risks Report are quite relevant to Bangladesh
The year 2023 was indeed one of the most difficult ones in the recent history of Bangladesh in terms of economic performance.
Unless a holistic approach is taken, the sector will continue to fall short of international standards.
While many other countries have managed to reduce inflationary pressure by adopting monetary policy tools, Bangladeshi policymakers have shied away from doing the same.
Clearly, the major economic challenges facing Bangladesh are results of inadequate and incorrect policies.
Ironically, under the shadow of stability, the quality of economics and politics has been compromised
It seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.
The lack of coherence between the fiscal and monetary policy stances will make the monetary policy less effective in controlling inflation.
In light of the economic hardships Bangladesh has been going through, there were certain expectations from the national budget of 2023-24 fiscal year.
There is not much in it to make us feel better in terms of its focus and measures.
The macroeconomic stability that Bangladesh's economy has enjoyed for a long time has disappeared in the face of multiple challenges – from both external and domestic sources.
Over the last five decades, the relationship between Bangladesh and Japan has flourished and evolved into a mutually beneficial and symbiotic partnership, bringing about positive outcomes for both countries.
The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.
One of the first things Banga would have to tackle is reforming and modernising the institution, something that stakeholders have asked for across sectors.
Environmental degradation and climate change impacts create externalities that can be reduced through appropriate pricing mechanisms.