Zahid Hussain

Dr Zahid Hussain is former lead economist of the World Bank’s Dhaka office.

Where are we heading?

By bringing down a despotic leviathan, the anti-discrimination student movement has earned the moral authority to be spokespersons for the whole nation

3m ago

Rebooting the economy

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

4m ago

Not much beyond lip service

In their Monetary Policy Statement (MPS) for the first half of FY25, Bangladesh Bank (BB) has stuck to the policy stance already in place. 

4m ago

Not much beyond lip service 

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. 

4m ago

Export data correction was long overdue

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.

4m ago

Making sense of revisions in balance of payments

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

4m ago

A post-election defining moment

The economy has been in a rough patch since 2022 like never before in the past decade and a half

5m ago

Fifty years of learning from rises and slips in the Bangladesh economy

We are hubristically living through our ecological implosion.

7m ago
November 12, 2019
November 12, 2019

Bon voyage, Bangla Bond!

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.

October 25, 2019
October 25, 2019

Encouraging progress, still long way to go

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.

October 7, 2019
October 7, 2019

A toxic sundae

Bangladesh’s stock markets have been fluctuating sharply in recent years.

September 29, 2019
September 29, 2019

What is needed to make the AMC solution work?

The government wants to form a public asset management company (PAMC) to buy distressed loans from banks.

September 14, 2019
September 14, 2019

Don’t throw the baby out with the bathwater

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

September 3, 2019
September 3, 2019

Is the loan restructuring narrative credible?

The Bangladesh Bank (BB) has caved in to pressure for extending the loan restructuring facility to large borrowers once again, albeit on

August 29, 2019
August 29, 2019

What is needed for sustaining high growth in Bangladesh?

We know from growth accounting that GDP growth can be broken into growth in the labour force and growth in labour productivity.

August 20, 2019
August 20, 2019

Why go around elbow to get to the nose?

The government announced a 2 percent subsidy on remittances in the FY20 budget and allocated Tk 3,060 crore for this purpose.

August 1, 2019
August 1, 2019

No room for complacency

The monetary policy recognises the contextual challenges, particularly banking sector ailments relating to high non-performing loans

July 30, 2019
July 30, 2019

A challenging time for monetary policy

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.