Dr. Salehuddin Ahmed

Reform by the interim government helped the economy rebound.

The five-day Grand Classical Music Festival has just concluded. The entire event was full of outstanding melodies, vocal-instrumental, and energy, serenity and deep feelings.

Bangladesh is one of the most densely populated countries in the world with a population of around 160 million. The economy is rapidly transforming from agriculture-based to industry- and service-based. Despite achieving significant landmarks in the fight against poverty, especially through the transformation of agriculture (increased yield), micro-credit expansion and RMG export, poverty still remains a daunting problem for a vast majority of the population.

The global financial and economic crisis started in 2007 as an aftermath of the housing sector bubble coupled with aggressive lending practices in the US sub-prime mortgage market and lax regulation of the financial sector.