State of the Bangladesh Economy in FY2021-22
Independent Review of
RBD
Bangladesh's Development
☐
Concluding Remarks
If the policies within the external sector are primarily focused on holding the
exchange rate steady at around the current level, energetic steps to reduce cost of
doing business and proper incentivisation of exports will be necessary
The two per cent cash incentive on inward remittance should be continued and
investment in wage earners' bonds should be encouraged to dissuade transfer of
money through informal channels given the widening gap between official
exchange rate and curb market rate
The government may need to gradually discontinue some of the prevailing support
measures while carefully observing the evolving pandemic scenario. Since the
pandemic is still not over and the resultant fallouts are still vivid, the Bangladesh
economy will require a recovery package 2.0
➤ The new package will have to be based on distributive justice which will support the
marginalised and the vulnerable people at a time of rising prices of daily necessities and
by taking into account their hardships during the pandemic
➤ The increased cost of investment induced by rising inflation needs to be accounted for in
this new recovery package
CPD (2021): State of the Bangladesh Economy in FY2021-22 (First Reading)
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