Capital flight from Bangladesh: Historically, Bangladesh’s financial account averages an inflow of about 2.5 percent of GDP. But in 2022-23, it experienced an outflow of 0.5 percent of GDP, which is quite a significant reversal. This has prompted the IMF to express concern that Bangladesh might have experienced capital flight in the last financial year.
Bangladesh's economic woes: Bangladesh was already facing certain structural challenges before the pandemic broke out. Poverty reduction had already started to slow down. According to the Bangladesh Bureau of Statistics (BBS), the poverty rate declined by 1.8 percentage points per year between 2000 and 2005, by 1.7 percentage points between 2005 and 2010, and by 1.2 percentage