Even though the amount of our default loans is over Tk 130,000 crore, according to the government accounts, IMF suggests it is almost over Tk 300,000 crore.
As the covid-19 pandemic unfolded, central banks across the globe responded with a dramatic easing of monetary policy to provide liquidity support for the faltering economic activities.
As expected, the Bangladesh Bank has announced an expansionary monetary policy.
The next monetary policy statement (MPS) of the Bangladesh Bank (BB) will be announced at a time when the economy is in a deep recession, unemployment is high, millions of people and households have become poor overnight, and the infection level is still on the rise.
When I was a student and a lecturer at Dhaka University in the 1970s, we used to talk a lot about Dr Wahidul Huq.
Making the budget for next fiscal year in this time of pandemic will most likely be the most challenging task shouldered by a finance minister yet.
Bangladesh has started dealing with the severe consequences of the global coronavirus pandemic in earnest, with curtailed economic activities manifested in factory closures, cancellation of and/or sharply reduced export orders, falling remittance inflows, and depressed demand for domestically produced goods and services.