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 do we clear this economic mess?
Decision makers need to be very cautious regarding who they put up to dispassionately clear the mess.
Rebooting the economy
The crackdown on the nonviolent uprise of the students and the subsequent one thing leading to another chain of events locked down the economy, only figuratively reminiscent of the pandemic in 2020
A man-made disaster and the major economic losses it caused
While the micro and messo levels of losses are immediate and short term, macro level losses would be medium to long term.
Economy with deep scars limps along
Business and industrial activities resumed yesterday amid a semblance of normalcy after a spasm of violence, internet outage and a curfew that left deep wounds in almost all corners of the economy.
How a flawed data ecosystem can distort economic reality
The mismatch of export data raises a fundamental question about the precision of economic reporting and its ramifications for Bangladesh's economy.
Old political issue has evolved from financial to structural problem
A longstanding political issue has now evolved from a financial concern to a structural problem in Bangladesh, according to noted economist Prof Rehman Sobhan.
Financial account turns positive. It’s more about $14b export data correction
The financial account has turned positive after more than a year, yet it might not be good news for Bangladesh since it is the result of the revision of national data in line with IMF prescription and does not indicate improvement in the health of the economy.
Economy in FY25: Is there any light at the end of the tunnel?
There is hope that the major challenges Bangladesh is facing due to high inflation and the foreign reserve crisis will stabilise gradually in fiscal year 2024-25, but consistency in maintaining a strict policy stance will be imperative to that end.
FY24: one of the gloomiest years for economy
At the beginning of fiscal year 2023-24, there was an expectation that the country’s economy would recover from the shocks of the Covid-19 pandemic and other external pressures.
Where are the analysts who predicted Bangladesh would go bankrupt? asks finance minister
The minister attends a post-budget seminar of Bangladesh Agricultural Economists Association