Bangladesh economy made a turnaround, says adviser

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Staff Correspondent, Dhaka – The fragile economy Bangladesh witnessed a year ago has made a turnaround with strengthened foreign exchange reserve and traders gaining confidence, a senior adviser of the interim government said.

Finance Adviser Salehuddin Ahmed made the comments on Tuesday, a year after the interim government assumed office after the toppling of former prime minister Sheikh Hasina in the face of a mass upsurge in 2024.

He said the government is implementing several measures to give a boost to the economy.

He was speaking at a discussion marking the ‘July Uprising Day’ at the central bank headquarters in Dhaka, according to state-run Bangladesh Sangbad Sangstha news agency.

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He said the interim administration took over at a difficult time after the July Uprising and tried its best to improve the country’s economy.

“We pay tribute to the martyrs of the July Uprising and wish the injured a speedy recovery,” he said adding that the sacrifices the students and common people had shown will not be forgotten.”

Nazma Mobarek, the Financial Institutions Division Secretary, and Ahsan H Mansur, the Bangladesh Bank Governor, attended the discussion

Mansur said the government is working to bring down the general point to point inflation rate to 3 -5 percent.

He said inflation has not yet come down at expected level, although the fiscal measures are being implemented to control domestic borrowings.

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