Bangladesh economy 2023
Year in review / 2023: Infrastructure was a glimmer of hope in a perilous year
As 2023 comes to a close, we look at some of the milestones and disappointments of the economy
Another bank falls by the wayside
National Bank’s plight is the result of poor banking governance
Bangladesh-Japan relations on the right track
Greater Japanese investment vital in achieving our development goals
Finally, some good news for the economy
Exports growth shows the resilience of our businesses
A huge blow for our economy
Government must critically examine Moody's credit downgrade and respond properly
Industrial slump leads to GDP growth slide
Bangladesh’s gross domestic product is estimated to have grown at a slower pace in the current financial year with the biggest blow stemming from the industrial sector, official figures showed.
Can falling imports alone ease stress in the economy?
Bangladesh’s trade gap and current account deficit have narrowed significantly in recent months but the positive developments might not prove enough to bring back stability to the economy.
Young people need more economic opportunities
Authorities must not let our demographic dividend go to waste
Bloomberg’s praise of PM’s timely steps
Economic uncertainty will keep us on our toes
Economy bleeds while reality only getting harsher for people
Russia’s war in Ukraine might be taking place 5,800 kilometres away from Bangladesh and the country is not involved militarily in the dragging conflict in any way, but its economy and people have been paying heavy prices.
IMF watching economy like a hawk
The International Monetary Fund would be watching the Bangladesh economy like a hawk, stipulating an extensive list of data reporting regularly as part of the conditions agreed upon for the $4.7 billion loan programme.
Record subsidy allocation not enough
The record subsidy allocation of Tk 82,745 crore is set to be topped up with another Tk 27,360 crore in the revised budget in the face of demands from ministries even after the notable price hike of gas, electricity and fuel.
We must check relentless price increase
Lack of action to bring down prices of food is especially concerning
No chance of debt distress
Bangladesh has a low risk of external and overall debt distress despite higher external borrowing in recent terms, said the International Monetary Fund.
$6b more to come from dev partners
Bangladesh is expected to get about $6 billion over the next four years from development partners other than the International Monetary Fund to meet the development financing needs, particularly to address climate change challenges.
Come June, reserves will hit $37.7b
The government is expecting the shrinking foreign currency reserves will buck the trend and hit $37.7 billion by June thanks to lower imports and budget support from development partners.
ADP revision: Govt doing opposite of what’s needed
It seems the government is doing an about-turn from the austerity stance taken at the start of the fiscal year.
Avoid middle-income trap at all costs
Bangladesh should be careful about falling into the middle-income trap, said Axel van Trotsenburg, the World Bank’s managing director of operations.
Feeble monetary policy against challenges
Bangladesh Bank yesterday unveiled a wishy-washy monetary policy for the next six months that will prove to be ineffective in tackling the headwinds passing through the economy.
