The governor of Bangladesh Bank has just announced the monetary policy for the second half of 2010. He could not possibly have been very comfortable with the script; it forced a marked shift in his usual populist stance that has endeared him to the people. He quite correctly articulated the need for “due vigil...
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The governor’s dilemma
A budget to implement
The finance minister (FM) seems to have been spooked by the recession to propose a very large increase in the budget of 2010-11. The economy has performed modestly with none of the major sectors showing much dynamism. The modest growth rate of 5.5 percent (BBS) in 2009-10 owes much to education and public administration...
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