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.
Premier Cement Managing Director Mohammed Amirul Haque says
With all the problems Bangladesh has right now, Moody’s downgrading of its sovereign rating is one of the worst things that could have happened.
Bangladesh government should own up to its mistakes
It is not clear how the money needed to implement this ambitious budget will be sourced.
Bangladesh stands at the threshold of a paradigm shift in technological development as it is poised to change gear into a faster mode of economic development, and realising its vision of becoming a developed nation by 2041.
Hiring in the United States heated up again in May, according to government data released Friday, with the strong labor market defying expectations of a slowdown amid efforts to cool the world’s biggest economy.
In 2019, when AHM Mustafa Kamal took charge as the finance minister, the Bangladesh economy was taxing for take-off for its long-haul flight to the developed country club.
Sustaining the development that has taken place in Bangladesh in the past 14 years and curbing inequality are key major challenges facing the economy owing to the fallout of the coronavirus pandemic and the Russia-Ukraine war, said Planning Minister MA Mannan.
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.