Bangladesh’s private sector is grappling with stagnation due to political instability, uncertainty, and rising interest rates, according to the Planning Adviser of the interim government. He noted that production and job creation are being hindered, with protests in factories compounding the issue. Warning of potential economic recession, he emphasized the need to accelerate public investment to combat inflation and expand economic activities. These remarks came during a press briefing on November 27, following the ECNEC meeting chaired by the Chief Adviser, where five development projects worth Tk 59.16 billion were approved.
The meeting highlighted a significant drop in ADP implementation, below 8% in the first four months of the fiscal year, marking a 15-year low. Of the approved projects, Tk 10.96 billion will come from government funds and Tk 47.88 billion from foreign aid. New initiatives focusing on technology, skill development, and public welfare were also prioritized to revitalize economic growth.
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