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February 18, 2025 6:54 PM

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Bangladesh Finance Adviser acknowledges challenges of market syndicates

Dr. Salehuddin Ahmed, Finance Adviser of Bangladesh’s Interim Government, acknowledged the challenges of tackling market syndicates and price hikes of essential goods. Speaking at a book launch in Dhaka, he highlighted the difficulty of controlling supply chains, exacerbated by extortion at multiple points between farms and Dhaka. While predicting lower GDP growth this year, he reassured that food supply would remain stable and inflation might ease. Dr. Salehuddin also urged the Central Bank of Bangladesh to avoid further policy rate hikes, citing their negative impact on investment. However, Fitch Solutions warned that inflation would stay high due to political uncertainty.