Bangladesh economy
Recover stolen funds as a top priority
$234 billion siphoned out of Bangladesh between 2009 and 2023 when Awami League was in power
Moody’s downgrades Bangladesh banking rating to ‘very weak’
Moody’s has downgraded Bangladesh’s banking sector to “very weak” from “weak”, citing worsening client confidence, limited transparency and inadequate financial safeguards over the past year.
What does Moody’s downgrade mean for economy?
Moody’s downgrade of Bangladesh’s economic outlook from stable to negative is expected to have limited immediate impact on the economy, but may affect international trade for banks, leading to higher costs for letters of credit (LCs) and more stringent reviews of private sector credit, experts stated.
Moody's downgrades Bangladesh's ratings to B2, changes outlook to negative
“The downgrade reflects heightened political risks and lower growth, which increases government liquidity risks, external vulnerabilities and banking sector risks, following the recent political and social unrest that led to a change in government,” said Moody’s.
100 DAYS OF INTERIM GOVT / Economic expectations: Did govt fall short?
When an interim government was sworn into office following the ouster of the Awami League regime just 100 days ago, there was an air of expectation that the Prof Muhammad Yunus-led administration would take steps to salvage a scam-ridden financial sector and rescue an ailing economy.
100 Days of interim government / Engage private sector more in reforms to energise economy
The government should increase its engagement with the country’s private sector in making policies and decisions amid ongoing reforms, according to prominent business leaders, who cited major challenges such as high inflation, rising interest rates and slowing demand and investment that are now plaguing private businesses.
What does Trump 2.0 mean for businesses in Bangladesh?
For local business communities, Donald Trump’s victory in the presidential race has been shorthand for the expectation that Western apparel orders and some foreign investments would shift to Bangladesh, with global fashion powerhouse China possibly facing higher import tariffs from the US.
Economy is making a turnaround: finance adviser
Business leaders appreciate the steps taken for the domestic industry
Security a must for economic recovery: MCCI
Smooth logistics, banking services and security for industries are a must to ensure a revival of economic activities that have been disrupted following the mass uprising that toppled the previous government.
How political shifts can make or break business
Local conglomerates have been growing hand in hand with the economy since independence in 1971, but few have managed to navigate the changing tides over the years.
IMF slashes growth forecast to 4.5 percent
After the World Bank, the International Monetary Fund has now brought down Bangladesh’s growth forecast for this year as political uncertainty, industrial unrest and floods weigh heavily on economic activities.
Weak policing, polls uncertainty pose high risk to economy
The World Bank (WB) identified law and order, uncertainty surrounding the next general election and weak financial sector as the three major downside risks to Bangladesh’s economy and development.
A bumpy road ahead for the economy amid risks and reform
The mass movement in July and August 2024 had not only resulted in the tragic death of hundreds and severe injuries to thousands, but also subdued economic activity.
World Bank slashes Bangladesh growth forecast to 4% for FY25
The WB also revised down economic growth estimate on Bangladesh to 5.2 percent for the FY24
Some garment work orders shifted to other countries for labour unrest
Square Group CEO says in conversation with ERF members
Can Bangladesh be the next ‘breakout nation’?
For global investors, Bangladesh is an easier country to navigate compared to others in the region.
Bangladesh economy to grow 7.1% in FY26: HSBC
Bangladesh’s economy is expected to clock a 7.1 percent growth in fiscal year 2025-26, driven by exports and remittances, according to an HSBC Global Research report.
Bangladesh economy to rebound next fiscal year
HSBC says in Global Research report
US assures Bangladesh of helping expand economic opportunities
Embassy says after US delegation meets foreign adviser