From the perspective of macroeconomic governance, the FY2008-09 was unusual on a number of counts. The transition of power from the Caretaker Government to the newly elected government, within one single fiscal year, injected uncertainties both in terms of policy making and policy continuity; as well as with regard to private sector investment decisions; high inflationary pressure on the economy during the first few months of the year and the need to address the adverse impact of the ongoing global economic crisis also posed as challenges for the overall macroeconomic management of Bangladesh in this period.
In view of the above, this book, brought out under CPD’s IRBD programme, is the outcome of CPD’s study on State of the Bangladesh Economy during FY2008-09 and Outlook for FY2009-10 which presents an analysis of the major macroeconomic performance indicators of Bangladesh in FY2008-09, identifies positive achievements, and examines some of the emerging disquieting features. Various sections of this report examine the performance records with regard to growth, investment and savings scenario, public finance, monetary sector, real economic sectors, external and social sectors of the economy. However, with regard to some of the more urgent challenges and the attendant tasks to be addressed, the study has also put forward a number of policy recommendations for consideration by the policymakers.