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.
Exchange rate management is an important task for the central bank. In Bangladesh, though the central bank follows a floating exchange rate, it manages the foreign exchange market through intervention.
The prices of essentials continue to rise at a fast pace. Bangladesh has been feeling this inflationary pressure since June 2020, which recently became unbearable for the poor and fixed income groups in the country.
Quality education is urgently needed in Bangladesh as the country is progressing at a fast pace.
Right now, Sri Lanka is going through its worst economic crisis since independence in 1948.
The world is facing an unprecedented time as countries desperately try to recover from the fallouts caused by two years of Covid, followed by the newly raised geopolitical tensions due to the Russia-Ukraine war.
Since the war between Russia and Ukraine began on February 24, 2022, the global economy has entered a new terrain of uncertainty.
The struggle of the poor and low-income group that began with the outbreak of Covid-19 in early 2020 is now worsened by the unabated rise in the prices of essentials.
Gender equality is still an elusive term not just in Bangladesh, but all across the world, despite so much economic progress and so many measures taken by policymakers.
The recent announcement by the government to introduce a universal pension scheme (UPS) in Bangladesh from the 2022-23 fiscal year is a welcome and timely move.
In the run-up to the budget for the 2022-23 fiscal year (FY), the National Board of Revenue (NBR) has initiated discussions with various professional and business organisations—like the previous years.