4 min read.Updated: 02 Aug 2022, 10:26 PM ISTAndy Mukherjee, Bloomberg
It must fix its financial sector and keep up job-generating growth
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In the middle of the covid pandemic and 50 years after it became independent, Bangladesh passed a major test. Last year, the United Nations struck its economy off its list of the world’s least developed. Its per capita national income is now higher than that of India. Celebrations, however, were interrupted by a rude jolt: A hard-currency shortage serious enough to require a bailout by the International Monetary Fund (IMF).
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