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.
Unless a holistic approach is taken, the sector will continue to fall short of international standards.
Bangladesh’s interest in BRICS arises from various factors.
It may be considered a step towards Bangladesh’s attempt to diversify exports, attract foreign investment, sign free trade agreements, and ultimately enhance economic progress.
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.
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.
Despite demands from climate-change-affected countries, the issue of loss and damage has been contentious at the global forum.
Our current economic situation is one in which countries usually look to the IMF for balance of payment support.
LDCs are predominantly agricultural economies, but are also highly dependent on food imports.