It is essential to recognise that significantly reducing inflation will take time. Treating it as a “quick fix” would be a mistake.

We are hubristically living through our ecological implosion.

So, what is the takeaway for Bangladesh from these warnings coming from different corners?

Political will needed to address major trade, investment barriers

“Many people say Bangladesh has become bankrupt, but a big country like ours won’t become bankrupt as we are working to resolve the crisis,” he said.

In the past 18 months, Bangladesh has largely failed to take appropriate measures to curb higher inflation and reverse the fall of foreign currency reserves, both at the heart of the country’s persisting economic plight.