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.
The decision to reduce the Cash Reserve Ratio (CRR) by one percentage point constitutes quantitative easing of monetary policy. A key
The tax system in Bangladesh is not very different from that of most other developing countries. A significant share of revenue is collected at the border, while domestic taxes are primarily from the VAT and income taxes.
The devastating Supreme Court ruling has not only delivered Nawaz Sharif the ultimate humiliation of being unceremoniously ousted from power, but has also put him and his entire family in the dock over corruption allegations.
Overall, the monetary policy statement is appropriate for the current state of the economy.
Bangladesh enters 2016 with its economy facing several challenges. The key challenges on the domestic front continue to be the acceleration of private investments and the better use of public sector resources to implement important infrastructure and social programs. The investment outlook is clouded by uncertainties pertaining to the dynamics of domestic politics; structural reforms; developments in infrastructure and energy; and global economic prospects.
Overall Bangladesh Bank has maintained policy continuity, albeit may be a bit too much so.
Headline inflation has evolved along the projected path, banks have started reducing their lending rates, the exchange rate has been
Many countries in the post-war era managed to reach middle-income status rapidly, but a few went on to become high-income
Ensuring better infrastructure ranked the top priority in the Dhaka Apparel Summit 2014 to reach USD 50 billion apparel export target by 2021.