State of the Bangladesh Economy in FY2007-08 and Outlook for FY2008-09

The current volume titled State of the Bangladesh Economy in FY2007-08 and Outlook for FY2008-09 has been prepared by the Centre for Policy Dialogue (CPD) under its flagship programme which has come to be popularly known as the IRBD Programme (Independent Review of Bangladesh's Development Programme). The present volume, which is the fifteenth in the IRBD series, carries forward the tradition of CPD's effort, initiated back in 1995, to come up with an independent civil society perspective on major macroeconomic developments in Bangladesh, on a regular basis. Since its inception, the IRBDs have been prepared under the inspiring guidance of CPD's founding Chairman Professor Rehman Sobhan who had envisioned IRBDs as a vehicle to promote informed debate on key economic issues of interest and concerns to the citizens of the country as a tool to influence policy making in Bangladesh. IRBD exercise was meant to serve as an instrument to hold policy makers accountable for the stewardship of the development process and development outcomes in Bangladesh. It is hoped that the current volume upholds the tradition of this lofty ideal. In this connection, it is to be noted that the various sections of the present volume were prepared in consultation with relevant stakeholder groups; findings were presented and discussions held at CPD dialogues with participation of key stakeholders. In line with the earlier exercises, this year's IRBD volume examines and analyses key macroeconomic performance indicators of Bangladesh in the immediate past fiscal year, i.e. FY2007-08. As is known, this was the first time that a non-party Caretaker Government (CTG) completed a full fiscal year. And this happened in the midst of some major developments at both global and domestic fronts. The present volume provides an analysis of both the success and failures of economic governance in the challenging period of FY2007-08.

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