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.
We now face the real risk of massive hunger and famine.
High inflation and low export and remittance earnings are a major cause for concern at the moment.
BIMSTEC countries have the potential for benefiting mutually and contributing to the global economy.
Given the nature of climate-induced problems faced by the countries in South Asia, policymakers should undertake both adaptation and mitigation measures.
The Bangladesh-India relationship covers a wide range of sectors
The world is feeling the scorching heat this summer, with heat waves sweeping across several countries in Europe and Asia.
The Bangladesh Bank (BB) has revealed its Monetary Policy Statement (MPS) for the period of July-December 2022 at a time when the country, and the world, is going through tough economic challenges.
The 12th Ministerial Conference (MC12) of the World Trade Organization (WTO) finally took place during June 12-16, 2022 after being cancelled twice due to the Covid-19 pandemic. The MC12 was held at a time of unprecedented global economic downturn.
If one looks at the inflationary measures that are proposed in the FY2022-23 budget, there are ample reasons to be frustrated.
The finance minister of Bangladesh is scheduled to place the national budget for 2022-23 fiscal year at parliament on June 9.