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.
Bangladesh needs to boost private investment from the current 23 percent of GDP to nearly 30 percent to accelerate and sustain growth as it moves up the middle-income path and strives to achieve the Sustainable Development Goals.
Bangladesh has made encouraging progress on the World Bank’s Ease of Doing Business (DB) 2020. The rank has improved by 8 places to 168 from 176 a year ago.
Bangladesh’s stock markets have been fluctuating sharply in recent years.
The government wants to form a public asset management company (PAMC) to buy distressed loans from banks.
Offshore Banking Units (OBUs) of domestic banks have borrowed from banks in the euro zone at 2 percent interest rate to meet their euro liabilities against Usance Payable At Sight (UPAS) issued by them to Bangladeshi importers. Simply stated, the UPAS issuing bank
The Bangladesh Bank (BB) has caved in to pressure for extending the loan restructuring facility to large borrowers once again, albeit on
We know from growth accounting that GDP growth can be broken into growth in the labour force and growth in labour productivity.
The government announced a 2 percent subsidy on remittances in the FY20 budget and allocated Tk 3,060 crore for this purpose.
The monetary policy recognises the contextual challenges, particularly banking sector ailments relating to high non-performing loans
Bangladesh has made substantial progress in achieving price and macroeconomic stability. It has succeeded in maintaining inflation in modest single digits range, while also achieving high growth, due in a significant part to sound macroeconomic management.