(Published in the Daily New Age, 
Economy in crisis
That the economy is going through the most critical phase of our history hardly needs to be pointed out. The local office of the Asian Development Bank paints a grim picture of Bangladesh economy. According to the ADB so far as its economy is concerned, the country is 'passing through the most critical and challenging period' since its independence. There may be some debates over whether it is the 'most critical period' or 'one of the most critical periods'. Against the above backdrop, it is heartening that the ADB, without asking the government to cut subsidies, has committed generous assistance as easy loan to help carry out the task of post-cyclone rehabilitation work. In sync with the ADB help, some other donor countries have also pledged outright grants. Such gestures of goodwill will certainly help the government in grappling with the challenges it faces to put the economy on track. The best guarantee of averting an economic crisis is to increase domestic production.
Gopal Sengupta
Canada 
)
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