State of the Bangladesh Economy in FY2021-22
Independent Review of
RBD
Bangladesh's Development
The need for redesign
□ As part of its overarching countercyclical policy to deal with the economic
slowdown, the government has pushed out multiple liquidity assistance
and fiscal stimulus measures in its immediate reaction to the COVID-19
pandemic.
Banks are expected to play a key role in the recovery of the pandemic-
affected economy, since 86.72 per cent of the government's COVID-
19 response funding is in the form of liquidity support.
The form and architecture of Bangladesh's COVID-19 relief funds gave
plenty of space for financial malfeasance.
Some of the government's liquidity assistance packages are now
available to banks that are weak and mismanaged
Furthermore, loan defaulters were given access to these packages.
CPD (2021): State of the Bangladesh Economy in FY2021-22 (First Reading)
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