Embassy says after US delegation meets foreign adviser
As Bangladesh enters a new era following the ouster of the Sheikh Hasina-led Awami League government, which ruled over the nation for 15 years and is responsible for countless financial wrongdoings, the need of the hour is to reform the overall system of governance.
Amid worker unrest and insecurity in the industrial sector, entrepreneurs and bankers have urged the new administration to focus on rebuilding confidence in the economy.
These incidents may have a serious impact on the economy
Imports, remittances and forex reserves are likely to increase, the leading chamber says
The panel gets 90 days to prepare and submit the paper
Govt should overhaul ailing sectors, ensure accountability
Economic activities are finally returning to normal after three weeks of upheaval as both garment and non-garment factories started operations in full swing yesterday, according to industry insiders.
The priorities of newly appointed finance adviser Salehuddin Ahmed should be to make key financial institutions functional immediately, control inflation, and present accurate data on exports, imports, GDP and important economic indicators, economists said.
High inflation, rising pressure on external account to slow down economy, the economist said
Due to lack of coordinated and coherent measures, inflation continues to rise, notwithstanding the abolition of the interest rate cap since July 2023.
Mansur, a former economist at the International Monetary Fund, said interest rates would rise. This may slow the economy further, but it is necessary to overcome the challenges.
Good governance is crucial for overcoming economic challenges
The upcoming budget should adopt a balanced approach to address economic slowdown and inflationary pressure.
However, the findings raised questions among economists, who were puzzled by the growth at a time when the economy had been facing a slowdown due to high inflation, a downtrend in export growth, and falling imports.
However, this will not be easy for a least developed country (LDC) like Bangladesh, he added while addressing the inaugural session of the “First Development Studies International Conference- DSIC 2024”.
Persistent high inflation, high debt burden and slow economic growth are the three challenges facing the economy, noted economist Debapriya Bhattacharya said yesterday.
Persistent inflation, a snowballing debt burden and slow economic growth are the three challenges to Bangladesh, according to Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD)
The test of a country’s stability is to what extent it can remain insensitive to any sort of change of government or leadership.