State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Recommendations
☐ The role of the Bangladesh Competition Commission needs to be strengthened,
particularly in the case of the essential consumer goods market.
☐ The Commission should develop a database, regularly monitor the dominant market players'
operations, examine the market control and manipulation (if any), and take proper measures.
The Bangladesh Competition Commission should adopt a strong stance against cartels and a
zero-tolerance policy towards collusive practices.
The Competition Act 2012 should be revised to address monopolies and include specific anti-
trust clauses and concrete penalties for violators.
The Minimum Wage Board should consider increasing the minimum wages in all
industries so that workers earning minimum wages may at least afford basic food.
☐ Distribution of essential commodities sold through the open market system (OMS) must be
managed effectively and without corruption so eligible people can access these items at low prices.
☐ The government should provide direct cash support to people experiencing poverty, enhance
social protection for low-income families, and extend stimulus to small businesses for survival
during challenging times.
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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