Due to lack of coordinated and coherent measures, inflation continues to rise, notwithstanding the abolition of the interest rate cap since July 2023.
The upcoming budget should adopt a balanced approach to address economic slowdown and inflationary pressure.
The reason for continued high consumer prices in the country despite prices dropping in the international market is a combination of policy and institutional failure.
The mounting debt servicing obligations also threaten to exacerbate the strain on the country’s low foreign exchange reserves.
It is especially important now as Bangladesh is set to graduate from its LDC status and become a developing country by 2026.
In light of the upcoming LDC graduation, exporters need to proactively prepare for changes.
The findings of the WEF’s latest Global Risks Report are quite relevant to Bangladesh
The year 2023 was indeed one of the most difficult ones in the recent history of Bangladesh in terms of economic performance.
High commodity prices in the global market are often used as an excuse to justify price hikes in the domestic market, even if there is no direct correlation
Arresting high prices requires more focused and extensive actions by the government.
Achieving gender equality requires collective effort from all members of society.
To retain the talents within the country and bring back migrated professionals, we need better opportunities.
Our education system does not equip students with the necessary skills for the job market.
Improving our revenue generation will require several measures, both technical and non-technical.
Consumers in Bangladesh are at the mercy of policymakers
The core problems of our economy are rooted in the very nature of the country’s governance, which has long been neglected.
Bangladesh Bank, which is supposed to oversee the governance of the country’s financial institutions, has rather supported these irregular activities through its policies and actions.
Despite economic progress over time, Bangladesh’s financial sector continues to be dominated by banks that stand on shaky ground.