We can bypass inflation effects if we act smart
The volatility of commodity prices in both global and local markets has put ordinary people in Bangladesh in an uncertain situation as we slowly recover from the economic effects of the pandemic. The World Bank is already worried about famine in some countries. Given...
What contributes to the development of Bangladesh?
After 51 years of independence, one could say the success story of Bangladesh's economic development has been spectacular. Over these years, the size of our economy has expanded manyfold; from a GDP of around USD 8.7 billion in 1971, we have grown to become a...
Coping with the twin shocks of inflation and depleting forex reserves
Will a sizeable section of the population be facing food insecurity due to high inflationary pressures? And will the sharp depletion of foreign exchange reserves lead to macroeconomic instability? These are two major concerns that the country must now deal with as it...
Why is our public spending on education still so shockingly low?
Since it boosts individual productivity and produces a trained labour force, education is seen as a crucial road to economic progress. However, in most countries, there are clear examples of market failure when it comes to education since, in a free market, education...
How to make development projects more time and cost-effective
In light of the recent debt crisis in Sri Lanka, there is a growing discussion on the funding of development projects. In the context of foreign financing, if one concern is that of debt burden, the other is related to the inefficiency in managing foreign funds. In...
Reforms proposed by IMF have been planned by the govt before
The International Monetary Fund (IMF) concluded their much-awaited mission in Bangladesh on November 9. The visit had a positive outcome as the Bangladesh government and the IMF reached a staff-level agreement, which happened within a reasonable timeframe suggesting...
How should we address our core labour market challenges?
In the recent decade, despite high economic growth, job creation has slowed down. This is especially in the manufacturing and services sectors, where it remains a big challenge due to increased automation. The high degree of informal employment in Bangladesh, where...
Micro Implications of Macro Challenges
At the moment, Bangladesh is facing a number of challenges in maintaining macroeconomic stability, with the taka depreciating against the US dollar due to increased import bills, coupled with declining export earnings and remittance inflows. This is made worse by the...
Why have banks failed SMEs?
Even before the pandemic, CFOs of small businesses struggled to get the insights they needed to manage their finances effectively. Even though banks are willing to help, they are facing an increasing number of complex cases of SME clients. It can be stated that...
Bangladesh needs a new vision for social protection
Social protection is an important fiscal policy instrument that not only helps smoothen consumption and reduce poverty and inequality, but also spurs growth via raising the aggregate demand. Since independence, Bangladesh’s social protection, a key policy instrument...
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