Bangladesh’s reeling economy faces heaps of challenges ahead

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The government has been facing a lot of challenges to implement the FY24 budget amid the lingering macroeconomic crises compounded with the growing shortage of dollars as well as power.
Containing the high inflation, generating more revenue, and financing the budget deficit from local and foreign sources are among them in the crucial financial year overlapping with the next general election to be held in December or January.
‘Financing the budget deficit will be the most pressing one,’ said the PRI executive director.
The country’s banking sector was currently grappling with significant challenges, as non-performing loans continued to rise, cases of loan thefts emerged, capital flights intensified, and a lack of reforms over the past decade under the present political regime further weakened its...

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