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Reforms needed for third tranche of IMF loan

M S Siddiqui

International Monetary Fund (IMF) approved on January 30, 2023, an amount of theamount of loan equivalent to SDR 2.5 billion (231.4 percent of quota) under the 42-month Extended Credit Facility (ECF) and Extended Fund Facility (EFF) and special drawing rights (SDR) 1 billion (93.8 percent of quota) under the Resilience and Sustainability Facility (RSF).This credit ...

Billionaires & millionaires are hiding in thin air

M S Siddiqui

Bangladesh is the third after Nigeria and Egypt for growth in the number of high net-worth individuals in the world in the next five years, according as predicted in a 2019 report of New York-based research firm Wealth-X. The US-based research firm Wealth-X defines individuals with a net worth more than Tk300 crore ($30 million) ...

Dhaka should give priority to joining BRICS

M S Siddiqui

BRICS is an influential bloc of emerging economies that focuses on economic cooperation and development.Bangladesh applied for membership of BRICs after a dialogue between Bangladesh PM and President of South Africa immediately before 15th summit in South Africa. Chinese President Xi Jinping reassured our PM that his country will always stay beside Bangladesh in its ...

Solve dollar crisis with FE account of resident Bangladeshis

M S Siddiqui

Bangladesh is now going through the crisis of foreign exchange (FE) as the reserved with banking system is gradually going down during the entire year of 2023. Bangladesh Bank has taken some measures such as restricted use of FE and increase the exchange rate but there is no visible outcome of these efforts. Economists are ...

Obscurity in our market monitoring system

M S Siddiqui

Bangladesh Competition Commission (BCC) has a Bazar mentoring cell to monitor or study the market supposed to understand the state of competition in the market. The purpose is reportedly to create awareness among the stakeholders and research on the market. The monitoring cell also takes support from local administration and other stakeholders.The monitoring cell regularly ...

Implement land reforms to protect sharecroppers’ rights

M S Siddiqui

Land reform is widely discussed and practiced throughout the world for fair and equitable distribution of agricultural lands, protect rights of landless sharecropper and increase productivity. Land reforms represent policies with significant promise to reduce rural poverty in developing countries. These reforms include land redistribution, titling programs and regulation of tenancy contracts.The proposed land reform ...

Public procurements should be competitive

M S Siddiqui

Despite the advantages of competition, markets are often characterized by anti-competitivepractices and structures, especially in developing countries. The market also has monopolies of state-owned enterprises. In certain cases single operators hold large market shares in key sectors in many countries. Usually in a market, the lack of competition has significant potential costs, hurting the poor ...

What are market power and syndicate in our country?

M S Siddiqui

The concept of market power is not expressively part of the statutory framework of any country, but it is a useful concept in assessing potentially anti-competitive agreements or conduct such as abuse of dominant market and collusion.The collusion is named as syndication in our society. Both suppliers and buyers can have market power.The media and ...

Stabilise capital market by CMSFs

M S Siddiqui

Capital market of Bangladesh continues to remain in its early stage ofdevelopment. The market is passing through a period of extreme volatility, uncertainty, and crisis. All the stakeholders seem not acting in proper manners. The movement of stock prices fails to adequately reflect the changes happening in thereal economy and most of the occasion the ...

We need competitive education market

M S Siddiqui

Bangladesh has 53 public and 109 private universities and that have created an oligopolistic market structure. There is no competition to reduce cost and improve quality of education. In this globalized world withan increase of income individuals due to countries economic development parents have capacity to send children to better universities in other countries. Parents ...

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