[🇧🇩] Monitoring Bangladesh's Economy

[Bilal9]

Bangladesh Vision 2041 (Vision '41) is a national strategic plan to further develop the socio-economic standing of Bangladesh, formulated by the National Economic Council. As a part of four 5-year perspective plans to be undertaken between 2022 and 2041, Bangladesh aims to achieve high income status through industrialization. The initiative encourages expansion of manufacturing capacity and investment in human capital development to develop exports.

Bangladesh Vision 2041 - Wikipedia

en.wikipedia.org

 

[KevinplumE]

Наличие второго гражданства за границей становится всё более популярным среди граждан РФ.
Такой шаг даёт дополнительные перспективы для жизни.
Гражданство другой страны помогает свободнее передвигаться и получать доступ к другим странам.
Помимо этого наличие второго статуса может повысить уверенность в будущем.
<a href="Гражданство ЕС 2024 – ВНЖ, ПМЖ | АИА">Гражданство Евросоюза, ЕС</a>
Многие россияне рассматривают ПМЖ как способ расширения возможностей.
Оформляя ВНЖ или второй паспорт, человек получить образование за рубежом.
Каждая страна предлагают свои программы получения гражданства.
Поэтому идея второго паспорта становится приоритетной для тех, кто планирует развитие.

 

[Saif]

Dhaka, Ctg draw four-fifths of Jul-Sept remittances

Dhaka and Chattogram, two major divisions of Bangladesh, received 80 percent of the total remittance of the first quarter of fiscal year 2025-26, reflecting a regional disparity.

www.thedailystar.net

Dhaka, Ctg draw four-fifths of Jul-Sept remittances

Dhaka and Chattogram, two major divisions of Bangladesh, received 80 percent of the total remittance of the first quarter of fiscal year 2025-26, reflecting a regional disparity.

The remaining six divisions received only one-fifth of the $7.58 billion in remittances during the July-September period of the current year, according to the latest monthly report on workers' remittance inflows by Bangladesh Bank (BB).

During the period, the South Asian country, which is highly reliant on remittances to meet its external obligations, recorded a 16 percent year-on-year growth in inflows, rising from $6.54 billion in the same period a year ago.

Dhaka division received $4.22 billion during the July-September quarter of FY26, which was 33 percent higher year-on-year.

Chattogram division registered only a 5 percent growth in remittance inflows to $1.89 billion in the first three months of this fiscal year.

In other words, Dhaka accounted for more than half of the inflows, while Chattogram received one-fourth of total remittances, according to BB data.

Towfiqul Islam Khan, additional director (research) at the Centre for Policy Dialogue, said Dhaka and Chattogram have remained the main recipients of remittances for many years.

"People usually get jobs and go abroad based on family links. So, we see inflows are high in certain districts such as Madaripur and Noakhali," he said.

The BB data showed that during the first quarter of FY26, remittance inflows to all divisions except Dhaka and Chattogram declined. However, the share of remittance receipts increased only in Dhaka and Mymensingh.

Rangpur division received the lowest amount, followed by Mymensingh, Barishal and Rajshahi divisions during the July–September period.

Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC, said the outflow of migrant workers is high from Chattogram. "But it appears that the beneficiaries of many migrant workers live in Dhaka," he said.

"Another possible reason could be the ticket size (the monetary value of a single transaction) of remittances. It may be that the average ticket size is higher in Dhaka than in other divisions," he added.

Mohammad Ali, managing director and CEO of Pubali Bank PLC, said mobile financial services (MFS) have become a medium for remittance transfers. "We transfer most of the remittances coming to our bank through mobile financial services," he said.

"This could be one reason," he added.

The BB data showed that Saudi Arabia, which employs more than 20 lakh Bangladeshi migrant workers, was the main source of remittances, followed by the United Kingdom, the United Arab Emirates, and Malaysia.

Migrant workers sent the highest amount of their earnings to Bangladesh through Islami Bank Bangladesh PLC.

The BB said in recent years, workers' remittance inflows have been crucial in enabling Bangladesh to maintain economic stability, particularly in the face of global economic uncertainties and domestic challenges.

"In the current political and economic landscape, marked by inflationary pressures, exchange rate fluctuations, and rising import costs, remittances have provided much-needed relief by bolstering foreign currency reserves and supporting millions of households across the country," it said.

The report said as a stabilising factor, the steady flow of remittances has been contributing to poverty reduction, improving living standards, and regional development.

"In the context of the ongoing post-pandemic economic recovery, coupled with political transitions, remittances are even more decisive in sustaining economic growth, ensuring liquidity in the banking sector, and reducing reliance on external borrowing," it said.

The BB, citing the Bureau of Manpower, Employment and Training (BMET), said 1.58 crore people have obtained BMET licences for overseas work from 1976 to September 2025.​

 

[Saif]

Paying heed to IMF's revenue warning

The persistent challenge of elevating revenue collection remains the central economic puzzle that Bangladesh has attempted to solve for many years. From enacting a new income tax law in 2023 to expanding and reorganising both the Income Tax wing and the Customs and VAT wing, the government has intr

thefinancialexpress.com.bd

Paying heed to IMF's revenue warning

Published :
Nov 15, 2025 22:57
Updated :

The persistent challenge of elevating revenue collection remains the central economic puzzle that Bangladesh has attempted to solve for many years. From enacting a new income tax law in 2023 to expanding and reorganising both the Income Tax wing and the Customs and VAT wing, the government has introduced a series of initiatives designed to strengthen the institutional capacity of the National Board of Revenue (NBR) and raise collections. These steps will require time before their impact becomes visible, yet the way the revenue system is currently functioning suggests that such manoeuvres may not be enough to address long-standing weaknesses. The government continues to face increasing expenditure pressures, and without meaningful improvements in revenue performance, it risks relying even more heavily on deficit financing. In this setting, the recent call by the International Monetary Fund (IMF) for Bangladesh to place far greater emphasis on revenue mobilisation serves as a timely reality check. The warning is clear that repeated failures in revenue performance will undermine the quality of public services and delay essential infrastructure building.

The revenue shortfall described by the IMF is already a recognised and alarming issue. It is a serious concern that Bangladesh now has one of the lowest tax-to-GDP ratios in the region at about 6.56 per cent, far below the Asia Pacific average of 19.5 per cent. At IMF's counsel, the government has begun separating policy formulation from enforcement within the NBR by splitting it into two divisions, a reform expected by December that aims to change the entrenched practices within the institution. While the principle of separating these functions to avoid conflicts of interest is conceptually sound, it may very well prove inadequate to address the fundamental weaknesses in revenue mobilisation. Without a substantial expansion of the tax base and improved collection efficiency, such incremental adjustments will be insufficient to escape a perilous fiscal trap the country is entangled with. The strain is visible in the government's diminished capacity to make essential investments in infrastructure and to respond decisively to the prolonged spell of high inflation. A government's ability to function well and invest in the future of its people depends entirely on its success in collecting taxes fairly and efficiently. When tax income falls this low, resources for critical spending shrink and borrowing becomes the only viable fallback.

Furthermore, as the IMF rightly noted, an underfunded treasury makes it nearly impossible to address the deep vulnerabilities within the banking sector. Recapitalising state-owned banks, reducing non-performing loans and improving financial governance are now a priority but they all require significant public money. Without these, the financial system continues to pose a latent threat to macroeconomic stability. The IMF's specific mention of strengthening anti-corruption measures and improving the Anti-Money Laundering framework is particularly telling. Corruption by a section of NBR officials and their willing partners among taxpayers is well known, and their actions have punctured the public purse from within and deprived the state of much needed revenue. Plugging this hole is essential for achieving collection targets and restoring public confidence that taxes are used responsibly.

The future of Bangladesh's economy depends on its ability to break free from the low-revenue trap. This is why the enhancement of revenue collection must be treated as a national responsibility rather than an external demand. Key measures must include expanding the tax net to encompass sectors with long-standing privileges and aggressively promoting digital systems for VAT and income tax to improve compliance and fairness. The IMF has warned that the window for meaningful action is narrow. Bangladesh should respond with the urgency this warning deserves and adopt measures that can lift the country out of its revenue constraints with resolute political commitment.​

 

[Saif]

No turning back on economic reforms

An elected government can use its mandate to finish unfinished tasks

www.thedailystar.net

No turning back on economic reforms
An elected government can use its mandate to finish unfinished tasks

VISUAL: STAR

Bangladesh is approaching a moment of political and economic reckoning. The upcoming general election, now twinned with a referendum on constitutional reforms, is expected to provide the incoming government with the mandate and momentum necessary to act swiftly on crucial and long-overdue matters, including the task of putting the economy firmly back on track. The International Monetary Fund's recent decision to pause a crucial review under the $5.5 billion loan programme, and engage with the "newly elected authorities," only reaffirms the importance of a smooth transition.

The economic anxieties, including stubbornly high inflation and flagging growth, are not cyclical hiccups but rather the consequence of past failures to address deep-seated vulnerabilities. The core demands of the IMF—a simpler, fairer tax system and urgent banking sector reforms—are precisely what the Awami League government long avoided. Following its ouster, the interim government has "made notable progress in maintaining macroeconomic stability," as the IMF has acknowledged. To ease external imbalances and contain inflation, the authorities tightened both fiscal and monetary policies. Importantly, foreign exchange reserves have begun to rebuild following the exchange rate reform launched in May. However, the economy "continues to face significant macro-financial challenges" stemming from weak tax revenue and undercapitalisation in the financial sector.

The next administration will understandably inherit these and other economic challenges. That's precisely why it must embrace necessary but often painful reforms to drive recovery. The political transition following the election must not become a pretext for delay. Bangladesh can no longer afford to postpone the difficult decisions required to clean up state-owned banks, implement tax reforms, and enforce strict monetary discipline. Economic complacency is exactly what the IMF cautions against, and any indulgence at this stage would be a costly mistake.

Bangladesh is required to act on three fronts. First, it must launch the ambitious tax reform demanded by the IMF, eliminating non-essential exemptions and subsidies. The new government must be ready to take on the powerful lobbies that thrive on tax loopholes. Generating more revenue means the state will be capable of expanding social safety nets and infrastructure, key requirements for inclusive growth. Second, the new leadership must take banking reforms forward. That requires political courage, as it will inevitably mean confronting powerful figures and vested interests. Finally, the central bank's independence in conducting monetary policy must be safeguarded. The transition period must not be allowed to undermine the recent progress made in adopting a flexible exchange rate regime.

Delayed or inadequate policy action in addressing fiscal and banking challenges would weaken growth, raise inflation, and increase macro-financial risks. Any success in these cases will be measured by the government's willingness to make hard, politically uncomfortable choices. It's a crucial test, one in which we must not fail.​