Following the resignation of Bangladesh’s longest-serving Prime Minister, an interim government led by Dr. Yunus is in discussions to address the country’s economic challenges. Economists are urging immediate reforms to tackle persistent issues, including high inflation, pressure on foreign exchange reserves, a heavy burden of defaulted loans, and poor governance of financial institutions. Recent setbacks, such as a two-week internet blackout and supply chain disruptions, have exacerbated these problems.
A former world economist has called for urgent action to revive the economy while ensuring social equity and justice, as demanded by recent student and public protests. He emphasized the need for full operational functionality of essential services, from the internet to public transportation, and urged an end to corruption and excessive money printing. The Executive Director of the Policy Research Institute (PRI) highlighted that a strong economy is supported by a participatory government, stressing the importance of democracy and accountability. He recommended reforms across various sectors, including banking and tax, with the potential assistance of the IMF and World Bank.
Source for more details:
