Warnings from World Bank should be taken seriously
Bangladesh must implement decisive measures to rectify its structural vulnerabilities, governance deficiencies, and external dependencies.
Prevent exploitation by traffickers, create economic opportunities at home
Reopen closed factories, settle workers’ dues
How have local private sector businesses fared in recent years?
There is no certainty that the economic aspects won’t deteriorate further.
Although the reforms have just started, some positive results are already visible.
The mass movement in July and August 2024 had not only resulted in the tragic death of hundreds and severe injuries to thousands, but also subdued economic activity.
Given the current economic reality of Bangladesh, recovering stolen assets must be a top priority for the interim government.
The government yesterday reached a preliminary agreement with the International Monetary Fund over a $4.5 billion loan programme, putting to bed all suspense on whether a deal would be struck with the multilateral lender at all.
Bangladesh may fall into deep economic crisis unless it puts in place comprehensive policies and reforms, and starts implementing them immediately, said a number of economists yesterday.
"The government is not dependent on public support. Hence, it gives no importance to public suffering."
Online purchases are getting costlier as courier companies in the country have collectively raised their fares in response to the recent increase in fuel prices.
If things are bad, there must be a good reason for it.
As Bangladesh, facing an unprecedented economic crisis, has entered a negotiation with the IMF for a USD 4.5 billion loan package, a few discussions have ensued in the country.
Government must take action against officials violating the restriction
Government must listen to experts to fix long-standing problems
Prime Minister Sheikh Hasina yesterday said the government started a process to collect an additional $1,000 million as budgetary support to tackle future emergency situations and the economic crisis stemming from the Russia-Ukraine war.
The finance minister of Bangladesh is scheduled to place the national budget for 2022-23 fiscal year at parliament on June 9.
