State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Conclusions
The government will also have to focus on structural issues since better economic
performance will critically hinge on the efficiency of some of the important institutions
including the NBR, and the Bangladesh Bank
Reform of the institutions responsible for improving economic performance and accountability
remains an unfinished agenda
Enforcement of laws and regulations against bank loan defaulters or those who are involved in
illicit financial flows is almost absent
➤ Similarly, lack of accountability has led to overpriced and wasteful public expenditure
High inflation is eating away the purchasing power of low-income people, and market
manipulation and syndication are exacerbating the situation
These are undermining the impressive progress in terms of socioeconomic indicators as regards which
Bangladesh has been genuinely taking credit
Establishing good governance through reform measures will not be an easy task as the
vested interest groups are strong and public institutions have been captured by the
oligarchs
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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