Dr Zahid Hussain is former lead economist of the World Bank’s Dhaka office.
By bringing down a despotic leviathan, the anti-discrimination student movement has earned the moral authority to be spokespersons for the whole nation
The crackdown on the nonviolent uprise of the students and the subsequent one thing leading to another chain of events locked down the economy, only figuratively reminiscent of the pandemic in 2020
In their Monetary Policy Statement (MPS) for the first half of FY25, Bangladesh Bank (BB) has stuck to the policy stance already in place.
Let’s begin with the central question to gauge what more this MPS could have done to increase the potency of monetary policy in restoring macro-financial stability.
Bangladesh Bank’s latest data on the balance of payments has remarkably altered the narrative on the drivers of external stress without changing the signal on the overall stress.
Bangladesh Bank's latest data on the balance of payments has remarkably altered the narrative on the drivers of external stress without changing the signal on the overall stress. The bottom line on persistent external imbalance remains pretty much the same but the composition is palpably different
The economy has been in a rough patch since 2022 like never before in the past decade and a half
We are hubristically living through our ecological implosion.
While the pandemic waves on, the budget should focus on crisis management, prioritising spending on health, targeting fiscal support to distressed families and enterprises, restoring the functionality of education, and building on the resilience demonstrated by agriculture while keeping an eye on revenues. A business-as-usual budget like last year will miss the boat again.
In-person schooling in Bangladesh has remained shut since March 2020. Children have already lost a full year, equivalent to 0.6 learning-adjusted years of schooling based on the learning gap implied by the World Bank (WB) in its Human Capital Index (2020) for Bangladesh.
We are going through an unprecedented time, which is economically troublesome.
The new year always carries the legacy of the year gone by. Expectations for the new year are naturally conditioned by these legacies. This is true every year. But 2021 is starting from an exceptional footing. Preceded by a prolonged 10 months of unprecedented trauma and fear all the world over, 2021 inherits the legacies of a year that will go down in history as the most cursed in last hundred years.
Next fiscal is likely to be one of the most challenging years from a fiscal management perspective, among others.
Social distancing has proven to be an effective weapon for dampening the spread of coronavirus.
The coronavirus-infected economy requires dealing with the disease burden and the economic devastation caused by measures to contain the virus.
Bangladesh’s restart is happening, whether science supports it or not.
The government is hard-pressed in responding to the raging coronavirus pandemic with every resource, instrument, policy and strategy it can get its hands on.
Early data on the poverty impact of the coronavirus-induced coma of the economy, as Nobel laureate economist Paul Krugman characterises it, is rather alarming.