At the end of December 2023, Bangladesh's banking sector had NPLs worth Tk 145,600 crore, around 9 percent of total outstanding loans, central bank data showed.
Manufacturing, which should still form the base of our economy in the coming decades, must be more productive and will, in any case, require fewer workers to make garments, leather goods, and IT products. We will depend on innovation in artificial intelligence, quantum computing and general-purpose technologies.
Eminent economist Prof Rehman Sobhan has said people don't believe that key institutions like the Bangladesh Bank, the National Board of Revenue and the Anti-Corruption Commission are run in line with rules and regulations. "It needs to analyse the institutions that do not operate according to the law. Even, many do not believe that there are any rules in Bangladesh.
The quality of democracy in the country has been deteriorating over the years and institutions like Election Commission and Anti-Corruption Commission barely function, eminent economist Prof Rehman Sobhan said yesterday.
Economic challenges in Bangladesh : Speaking about the future of the economy, he said there is a possibility of Bangladesh transforming into a dynamic developed country on the back of its population’s entrepreneurial spirit.