There is ample evidence showing that both domestic and foreign direct investment (FDI) have a significant positive effect on economic growth.
The finance ministry has identified seven major challenges including tight monetary and fiscal policies, taken to tame elevated inflation levels for more than three years, in next fiscal year that may increase unemployment.
The estimate is almost close to the projection by the International Monetary Fund’s (IMF) 3.8 percent for the year.
The silver lining is that the economy isn’t falling apart
The Bangladesh Bank will consider slashing the policy rate to 7 percent by March, provided that rampant inflation, which has hovered above 9 percent for nearly two years, eases to 5 percent by then, Governor Ahsan H Mansur said yesterday.
Bangladesh's agro-processed exports are already rising.
We have the potential to be a globally competitive country politically and economically.
Giordano Korea CEO sees ‘familiar signs of promise’ as he plans a factory in economic zone
World Bank report on Bangladesh's investment prospects should be taken seriously
We are hubristically living through our ecological implosion.
The multilateral lender said the economy would grow at 5.6 percent in 2023-24, lower than the South Asian average of 6 percent for 2024. Annual GDP growth averaged 6.6 percent in the decade before the pandemic struck the world in 2020.
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.
