Bangladesh was well on the recovery path after the Covid-19 pandemic, which forced economies across the world into prolonged shutdowns and brought them to a grinding halt.
Bangladesh economy was resilient, with agriculture giving a strong protection against food insecurity.
Timely government steps helped this resilience. On 4 April 2020, Prime Minister Sheikh Hasina unveiled a Tk72,750 crore stimulus package to address the economic impacts of the coronavirus outbreak.
Now, after some volatility, the forex exchange rate has been stable for the past six to eight months.
Yet, the economy continues to face headwinds with inflation stubbornly high and forex reserves still remaining at a low level. Imports, ranging from capital machinery to raw materials and industrial goods, have experienced a decline for the second consecutive year, largely attributed to the ongoing dollar…
