It is still widely believed that depreciation of taka vis-à-vis foreign currencies—especially US dollar—will boost Bangladesh’s export earnings. This is true only if our exports are priced or invoiced in Bangladeshi taka. For example, if a shirt made in Bangladesh is invoiced at Tk 1,000, at an exchange rate of USD 1 = Tk 85, the shirt will cost USD 11.76 in the international market.
International financial institutions (IFIs) have typically imposed wide-ranging policy reforms—called “conditionalities”—in exchange for country governments to secure access to financial assistance.
It is undeniable that Prime Minister Sheikh Hasina has, quite deftly, made the most of the fast-changing regional and global geopolitics, eventually emerging as a strong leader in South Asia.
The 2019 Summer Davos Forum, also known as the “World Economic Forum’s 13th Annual Meeting of the New Champions,” was held during July 1-3, 2019 in the coastal city of Dalian in northeast China’s Liaoning province.
I assume there is hardly anyone amongst us who has never felt cheated after buying a product or taking a service in exchange for money.
As the US-China trade war intensifies, pundits on both sides of the Pacific and elsewhere are wondering: who is the real winner?
The robust external sector performance has been a strong pillar on which Bangladesh’s impressive macroeconomic stability and growth of recent years was founded. The strong performance was underwritten by several factors.
Since 2015, Copenhagen Consensus and BRAC have collaborated on Bangladesh Priorities to create a bridge between policy and research. This is driven by the belief that, with limited resources and time, it is crucial that decisions are informed by what will do the most good for each taka spent.