The other day, Prime Minister Tarique Rahman reaffirmed his government’s commitment to transforming Bangladesh into a $1 trillion economy by 2034. While the ambition is welcome, there is a policy puzzle that needs to be encountered

The warning came just days before the Trump administration imposed a sweeping 35 percent US tariff on all Bangladeshi exports

“If there is no stability in the economy, no other reform will be sustainable,” he said.

Implementing the desired reforms in Bangladesh is particularly challenging due to the complexities of political and social realities.

Economic activities may slow down in the near term as the government has opted to initiate massive economic reform measures, the Bangladesh Bank (BB) said yesterday.

Even after the political changeover in early August, the domestic market has been reeling under the influence of oligarchs, according to economist Hossain Zillur Rahman.

Bangladesh's economy faces instability, inflation, and political unrest hindering growth.