Before the interim government could focus on crucial reforms after assuming power on 5 August 2024, following the ousting of the Awami League government amid a mass uprising, it had to remain occupied with addressing the demands of vested interests, said the BIDS DG...
The nation stands at a cros The nation stands at a crossroads following a tumultuous year marked by efforts to restore the country’s institutions — most notably the economy, which had teetered on the brink of collapse during the tenure of the Awami League government, ousted amid a mass uprising driven by demands for sweeping reforms and an end to deeply entrenched social and political cultures of discrimination, corruption, and crime...
Finance Adviser Dr Salehuddin Ahmed stated that political uncertainty and challenges relating to law and order would continue to pose major obstacles for the interim government until the next general election was held, enabling a smooth transition of power to an elected government...
The interim government, which assumed power following the collapse of the Awami League’s one-and-a-half-decade-long autocratic rule—widely blamed for devastating the country’s economy—is set to commence a new financial year amid high public expectations. However, the general population is increasingly facing hardship due to declining incomes and soaring prices of essential goods...
Professor of Economics Rashed Al Mahmud Titumir hopes that the interim government will focus on several pressing issues, including providing details of the next general election in the forthcoming national budget for the financial year beginning in July...
The interim government of Bangladesh, led by Nobel laureate Professor Muhammad Yunus, took power following the ousting of the Awami League (AL) government under Prime Minister Sheikh Hasina...
Justice in tax payments takes a back seat once again as the interim government, in a controversial move, opts to shore up revenue through increased reliance on indirect taxes such as value-added tax (VAT), thereby shifting the financial burden onto the lower-income groups of society...
The country as a whole is going through one of the most difficult periods, created by the previous authoritarian regime through corruption and money laundering and it has left a deep scar on Bangladesh’s overall economy and financial system...
Dr Fahmida Khatun expressed her disappointment over the decision to increase the Value Added Tax (VAT) rate and impose additional supplementary duties on more than 100 products by the interim government, just six months after it assumed power following the fall of the Awami League regime, which crumbled like ninepins in the face of a mass uprising in August last year...
The World Bank has called for an evaluation of the asset quality of four state-owned banks in Bangladesh, focusing particularly on the scandal-hit Janata Bank. The other banks under scrutiny include Sonali Bank, Rupali Bank, and Agrani Bank...
The chairman of Policy Exchange Bangladesh (PEB), M Masrur Reaz, stated that data made available under the interim government has exposed how flawed foreign exchange reserves management during the final two years of the ousted Awami League administration enabled oligarchs and cronies to exploit the system for money laundering...
