Bangladesh's Development Independent Review
Independent Review of
RBD
Bangladesh's Development
Power and energy
Recommendations
➤ The global energy crisis is likely to continue in the medium term
◉
Higher energy price is likely to continue in the global market in the coming
months though it may recede to some extent
➤ Bangladesh continues to spend a substantial amount for import of crude and
refined oil and LNG
Necessary forex needs to be arranged for energy import. Government may
borrow from Islamic development bank, IMF, World Bank and bilateral sources
(KSA, Kuwait, Qatar)
➤ Depending on imported LNG alone would be too burdensome and would be too
uncertain to ensure uninterrupted gas supply for domestic industry and power
sector
■ Immediate measures in exploring gas in old gas exploration sites is required
➤ Government should realise that renewable energy can play a vital role in energy
diversification in the current fossil-fuel based energy crisis
CPD (2022): Recent Challenges Facing the Bangladesh Economy: A Brief Overview
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