The mounting debt servicing obligations also threaten to exacerbate the strain on the country’s low foreign exchange reserves.
Banks situated in countries facing elevated climate risk demonstrate diminished levels of financial stability.
Government must do everything to ensure the safety and well-being of migrant workers
A roadmap on economic policy changes is vital for the private sector since it can help them predict the future, plan accordingly and avoid shocks that may stem from a sudden shift in government strategies, said economists and entrepreneurs yesterday.
The country’s overall macroeconomic situation is improving on the back of rising exports and remittances, Finance Minister Abul Hassan Mahmood Ali said yesterday.
Both the World Bank and Asian Development Bank (ADB) have assured they will continue supporting Bangladesh’s growth but stressed the need for economic reforms that are crucial for the country to become a developed nation.
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
The government has prepared a roadmap to maintain economic stability, an issue that will pose a challenge to the new government, Finance Minister AHM Mustafa Kamal said.
The verdict so far is that the year will see slow GDP growth but also experience lower inflation.
The mounting debt servicing obligations also threaten to exacerbate the strain on the country’s low foreign exchange reserves.
Banks situated in countries facing elevated climate risk demonstrate diminished levels of financial stability.
Government must do everything to ensure the safety and well-being of migrant workers
A roadmap on economic policy changes is vital for the private sector since it can help them predict the future, plan accordingly and avoid shocks that may stem from a sudden shift in government strategies, said economists and entrepreneurs yesterday.
The country’s overall macroeconomic situation is improving on the back of rising exports and remittances, Finance Minister Abul Hassan Mahmood Ali said yesterday.
Both the World Bank and Asian Development Bank (ADB) have assured they will continue supporting Bangladesh’s growth but stressed the need for economic reforms that are crucial for the country to become a developed nation.
The World Bank has forecasted a slow economic growth for Bangladesh because of factors like inflation
The government has prepared a roadmap to maintain economic stability, an issue that will pose a challenge to the new government, Finance Minister AHM Mustafa Kamal said.
The verdict so far is that the year will see slow GDP growth but also experience lower inflation.
To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.