Diversifying Bangladesh’s export basket has been a high-priority policy objective for many years.
Some banks are simply non-viable and suffer from inherent governance problems.
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.
While the government has pursued a number of poor economic policies, the fact remains that they have largely been driven due to political considerations.
Bangladesh’s economy is in its worst state in recent history, and the situation may worsen if the policymakers do not address the problems by employing the appropriate policy tools, the Centre for Policy Dialogue (CPD) said yesterday.
The think-tank says in a media briefing on Bangladesh economy
The government is yet to take any comprehensive corrective measures to tackle macroeconomic challenges as it has not properly assessed the gravity of the situation in the current fiscal year, an economist said.
The private investment-to-GDP ratio in Bangladesh declined in the current fiscal year owing to a lower confidence among investors amid the persisting dollar crisis and global uncertainty, higher inflation and a fall in demand for goods in international markets.
Reforms following the IMF prescription should not harm disadvantaged groups
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.
The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.
The economy is estimated to have expanded at a slower-than-expected pace in 2022-23, said the Bangladesh Bureau of Statistics (BBS) yesterday, a figure that analysts describe as good in view of elevated inflation, slowing exports and remittances and the ongoing pressure on the country’s foreign exchange reserves.
The deficit in Bangladesh’s financial account widened further in the first nine months of the ongoing fiscal year, an indication that the current instability in the foreign exchange market will continue in the coming months.
