Fiscal, monetary reforms not possible even after elections: Ahsan H Mansur
The core issue highlighted by this analysis is the profound disconnect between international financial requirements and domestic political reality in Bangladesh. Ahsan H. Mansur argues that while major fiscal and monetary reforms are essential for economic stability, they are unlikely to be implemented effectively, even after national elections. This skepticism stems from the enduring power of beneficiaries who profit from the current mismanagement, as well as bureaucratic resistance to change. Consequently, the government lacks the political capital and willingness to execute the difficult policy shifts mandated by the International Monetary Fund. This stagnation has dire implications for data integrity and market transparency. Mansur contends that official economic statistics are distorted to mask the severity of the crisis, with exchange rates manipulated away from market forces. He asserts that the banking regulator ignores the true market rate, leading to significant distortions in the interbank system. This lack of accurate, transparent data undermines the foundation of open data, as stakeholders cannot rely on official figures to make informed decisions or assess the true health of the economy. Relevance to open_data lies in the urgent need for independent verification and transparency in economic metrics. When official channels provide fabricated or manipulated data, it hampers the ability of researchers, investors, and citizens to hold institutions accountable. The article underscores how political interference and bureaucratic inertia can corrupt data ecosystems, making open, verified data sources critical for understanding real macroeconomic conditions. Without trustworthy open data, efforts to achieve macroeconomic stability and inclusive growth remain speculative and unreliable.
Source: tbsnews.netPublished on 2023-11-22