Fourteen non-bank financial institutions (NBFIs) out of a total of 35 were in the red zone last year as per the stress test report of the central bank.
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The government’s high-ups have talked about their “firm stances” against graft to protect the country’s GDP on multiple occasions. However, there is little reflection of that stance in the latest budget disclosure as to how the government will curb corruption and money laundering.
2023 Bangladesh economy: Both the International Monetary Fund and the World Bank have painted a gloomy scenario for the global economy for 2023 as uncertainty persists amid the protracting Russia-Ukraine war, the volatility in the international energy market and higher inflation. The world is expected to head for a recession.