Sadiq Ahmed

Empirical evidence globally suggests that foreign direct investment (FDI), when used strategically and combined with supportive policies, can facilitate economic growth. Recent examples of countries that have prospered from a strong FDI role include Korea, China, Malaysia, Singapore, Indonesia, and Vietnam.

Although the reforms have just started, some positive results are already visible.

Since FY2022, actual export earnings emerging from the banking sector data were significantly lower than the figures reported by the EPB.

The high incidence of corruption, some of which have erupted openly in the public domain.

Bangladesh’s macroeconomic imbalances have emerged from inflationary pressure; the balance of payments pressure; and fiscal pressure

The 50 years of development partnership between the World Bank and Bangladesh is marked with mixed feelings. 

The main focus of the FY24 budget must be on economic stabilisation.

Deft macroeconomic management over the past three decades has served Bangladesh well. Total export earnings, buoyed by a heady pace of growth in earnings from readymade garments, and foreign remittances, climbed to $ 81.4 billion in FY2022, rising from a mere $5.2 billion in FY1990.