Birupaksha Paul

Understanding the nation’s expectations in designing the budget for FY2024 is essential

The news of Bangladesh occupying the second-highest position in South Asia in terms of a bad loan ratio is no surprise.

The World Happiness Report 2023 has placed Bangladesh in the 118th position out of 137 countries.

What has led to bank failures in the US may look different from what Bangladeshi banks are living through now, but the bottom line is the same.

“Is Bangladesh a place of looters?” – this question was raised by the High Court last month.

If you ask someone from a country with a decent economy whether the central bank should be allowed to exercise independence in its policymaking, they will say that not giving independence to the central bank is like letting someone drive a car while keeping their hands tied behind their back. The question is not why, but how to give more independence to the institution.

Bangladesh’s economic leadership must devote its integrity to ensuring quality growth along with lower income inequality.

Bangladesh Bank has missed the train by caving in to the pressure of the finance ministry, which dictates policymaking at the central bank being driven by short-term political interests.

While the government is distracted by elections, the financial economy will suffer

The recent policy changes have been so enormous that they have already made the old monetary policy largely defunct.

The approach to address unemployment has remained faulty, superficial, bureaucratic, and substandard.

The rate of reserve depletion is alarming, and the IMF loan will not be enough to fend off the haemorrhage.

What Bangladeshi economists have been saying for a long time is pretty much what the International Monetary Fund (IMF) has told our central bank and the government.

The central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.

Bangladesh, which has been going through financial difficulties for several months now, can finally see a little light at the end of the tunnel.

The new governor of Bangladesh Bank (BB) has heralded robust messages to the country’s banking and financial industry.

One dollar now costs almost Tk 100. The taka has been losing its value against the US dollar for months, with no signs of it changing.

The budget for FY2022-23 is filled with rhetoric. But its credibility is poor because of its contradictions between the priorities and the actual allocations for education, agriculture, health, and the vulnerable population.

The world has entered another era of high inflation, and no country can escape from the heat wave of rising prices.

There is nothing to be panicked about if taka slides further against the dollar.