News Desk, Bangladesh Global: Bangladesh needs a new round of productivity-enhancing reforms to restore high and sustainable growth, as macroeconomic stabilisation alone will not suffice, said Zaidi Sattar, chairman of the Policy Research Institute of Bangladesh (PRI).
He identified various reform pillars, including rationalising the tariff structure, revamping trade openness, overhauling the tax system, and improving the investment climate.
Other pillars include reforming the energy sector, restructuring state-owned enterprises, promoting foreign direct investment, and investing in critical infrastructure.
Together, these outline a pathway toward restoring competitiveness and growth, he said at PRI's monthly macroeconomic insights session, "Restoring growth through productivity reforms: pre-budget priorities."
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