Urgency for Reform: CPD Calls for Immediate Action to Stabilize Bangladesh’s Economy
DHAKA, Bangladesh — The Centre for Policy Dialogue (CPD) has issued a compelling call to the next elected government to tackle pressing reforms in the banking, energy, revenue, and food sectors. The think tank warns that any delay in implementing these politically challenging yet crucial reforms could significantly escalate both economic and political costs.
On January 10, CPD Executive Director Fahmida Khatun highlighted the fragile state of the economy in their latest Independent Review of Bangladesh’s Development for 2025-26. The urgency is evident: without decisive action, the country could face severe threats to growth and social stability.
A Weakening Foundation
The review details a landscape marked by weak revenue mobilization, financial strain, and declining investor confidence. These factors, coupled with entrenched inflation and deteriorating conditions in the banking sector, paint a disconcerting picture.
“Delaying reforms will only deepen the crisis,” Khatun warned during a press briefing, emphasizing the essential need for both experienced leadership and transparent communication between stakeholders to foster a stable economic environment.
Banking Sector at Risk
The CPD identifies the banking sector as a significant vulnerability, with weak capital adequacy and rising default rates posing risks to overall financial stability. Notably, approximately 36% of total loans are now defaulted, amounting to a staggering Tk5,44,549 crore, highlighting the urgency of reform.
“Restoring Bangladesh Bank’s independence and authority is critical,” Khatun asserted. In this context, the biblical wisdom from Proverbs 13:11 resonates: “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” This verse underscores the importance of diligent and responsible management of resources in rebuilding confidence.
Energy Dependency and Food Security Challenges
The report also flagged increasing import dependence within the energy sector and alarming costs associated with liquefied natural gas (LNG) imports, projected to reach Tk58,000 crore. Further complicating matters, the country’s food supply chains remain vulnerable, failing to stabilize prices despite easing global inflation trends.
Structural weaknesses in storage and distribution have exacerbated these challenges, prompting the CPD to recommend an integrated food policy framework. Addressing these issues aligns with the Christian principle of stewardship—managing God-given resources wisely and ensuring sustenance for all.
Looking Ahead
As the nation prepares for a pivotal election, the CPD’s findings are a stark reminder of the work ahead. Achieving the necessary economic reforms within the first 100 days of a new government is ambitious but vital. The clear takeaway is this: swift action today is essential for a stable tomorrow.
“Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up,” reflects Galatians 6:9, a scripture that encourages perseverance despite challenging circumstances.
As Bangladesh navigates these turbulent waters, it is an invitation for all—citizens and leaders alike—to reflect on the broader spiritual lesson of responsibility, stewardship, and collective action toward a resilient future.
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