Citizens call for reforms across various sectors
Centre for Policy Dialogue (CPD)
Giving Voice, Promoting Inclusive Policy
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Following the end of the widespread Anti-Discrimination Student Movement protests, an interim government was established on 8 August, 2024. This marks a significant moment in the nation’s history, setting the stage for transformative developments ahead. The interim government now faces the daunting task of addressing numerous challenges, including restoring law and order, stabilising the economy, and reforming critical sectors like education and healthcare.
Bangladesh’s banking sector has faced several serious challenges due to malpractices, scams, corruption and heists. It has demonstrated vulnerability over time, manifested through high loan default rates and sub-par performance across various indicators. This inherent fragility presents significant risks to the overall economy. Regrettably, the previous government did not keep its commitments to safeguard the banking sector, as expressed in various policy documents and election manifesto. However, the need for a strong banking sector is increasing as the size of the economy is expanding.
The new interim government of Bangladesh faces an urgent need to reform Bangladesh’s power and energy sector. These reforms must address a broad range of areas, including policies, laws, and government bodies, as well as essential operational reforms. A critical component of this reform agenda will be significantly enhancing transparency and accountability across the sector. Some of the reforms include repealing the ‘Quick Enhancement of Electricity and Energy Supply (Special Provision) Act, 2010’ and amending the Bangladesh Energy Regulatory Commission (BERC) Act, 2003.
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CPD’S RECENT POLICY BRIEFS ON FIVE KEY AREAS
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