With the advancement of the pandemic, the citizens of Bangladesh are leaning more and more towards adopting Mobile Financial Service (MFS) as their method of money transfer, buying products and services, buying mobile balance and making bill payments.
Despite the depressing state of major indicators such as negative export-import growth; large revenue deficit; falling private sector investment; rising non-performing loans recorded in the last quarter of 2019
On March 25, 2020, Prime Minister Sheikh Hasina announced, in her address to the nation, that the government would provide an incentive package of Taka 5,000 crore for export-oriented industries.
The recent outbreak of Covid-19 is an unprecedented global issue, leading many to contemplate difficult questions that are plaguing all of humanity.
The human dimensions of the COVID-19 pandemic reach far beyond the critical health response. All aspects of our future will be affected—economic, social and developmental. Our response must be urgent, coordinated and on a global scale, and should immediately deliver help to those most in need.
What will the impact of Covid-19 be on the Bangladesh economy? Overall, it seems inevitable that the GDP gains that were expected to be realised in the current fiscal year are likely to be wiped out.
The world economy is now on lockdown because of the global coronavirus pandemic. Governments and their central banks around the world are wasting no time in dealing with the health and economic implications of this crisis.
Nothing is more useful than water. Ironically, hardly anything can be obtained in exchange for water.
Global demographic trends today confirm increasing longevity of populations which is accompanied by a reduction in fertility rates.
Despite diverging economic and political trajectories, South Asian countries share commonalities in terms of emerging development challenges in the wake of the new world and regional dynamics.
Bangladesh has a fairly young population with 34 percent aged 15 and younger and just five percent aged 65 and older. At present, more than 65 percent of our population is of working age, between 15 and 64.
Development is a buzzword in Bangladesh. Everyone talks about development but what do we really mean by development? There seems to be an obsession everywhere regarding the term without critically challenging the version of development that we have adopted.
Graduation from a low-income to a middle-income country has long been coming for Bangladesh as it has been performing extremely well among developing countries over the last few years.
The signing of a Mem-orandum of Understanding (MOU) early last year between the BGMEA and the Bangladesh Economic Zones Authority (BEZA) was, quite rightly, much applauded by the national press.
Today, there are six major macroeconomic challenges for Bangladesh's economy. First, accelerating economic growth and maintaining high economic growth over the coming years will remain a big challenge.
In a recently published report by the Washington-based research institute Global Financial Integrity (GFI), Bangladesh has been ranked second in South Asia in terms of illicit outflows of money.
In 1995, during the Fourth World Conference on Women in Beijing, the UNDP Human Development report stated that women's unaccounted work would amount to USD 3 trillion annually if monetised.
Education and skills are important prerequisites for faster economic and social development of a country. A skilled workforce is an asset and helps in ensuring enhanced productivity, adoption of new technology, global competitiveness, increased income and reduction of poverty. The East Asian countries achieved a higher growth path with adequate investment in skills development.
