Bangladesh Bank & Its Functions Overview of Bangladesh Bank

The Centre for Governance Studies at BRAC University seeks to foster a new generation of researchers, public administrators and citizens with critical and analytical perspectives on governance.

2015

This study is inspired by the current debate on whether central banks, especially in the developing world, should pursue a single mandate or dual/multiple mandates. It examines the Bangladesh Bank's (BB) aspiration to adopt a multiple mandates approach. These include, besides the objective of price stability, the promotion of "output, employment and real income". In recent years, the BB has widened its developmental role to play its part in the national strategy of "inclusive growth", and is seeking to model itself as a developmental central bank. According to an ILO content-analysis study of objectives and missions of central banks, Bangladesh is cited among the very few countries where the central bank has an explicit development objective. This study has shown that Bangladesh has enjoyed a period of relative macroeconomic stability, with inflation around 7 per cent. With respect to price stability, the BB is trying to bring the inflation rate down further through the credit/money channels. The study contends that BB has an "imprecise control" over price stability owing to weak transmission mechanisms. Also, its existing instruments have a limited capacity to address volatile food inflation that weighs heavily in general inflation. The study contends that the BB has solid reasons to engage in multiple mandates, especially in financial structure development and financial inclusion initiatives. These, apart from serving the national strategy of social inclusion, could potentially lead to strengthening and deepening of the financial sector and, hence, support both price stability and employment creation. While tangible progress is observed, concerning financial structure and financial inclusion, the study discerns a number of limitations and constraints. It then recommends some broad policy initiatives that might circumvent these constraints and enable the BB to strengthen its role as a developmental central bank. An important feature of this study is that it has relied heavily on stakeholder consultations and benefited from the support received from the Governor's Office of BB. This has enabled the author of the study to provide insights into the policy implementation process of the BB that would otherwise not be possible.

This paper conceptualize about Bangladesh public administration. Structure and functions of central and field administration. Provide clear concept of those bodies, their limitations and way to overcome

Good Governance aims are to contribute to the overall development of a country. Since the independence of Bangladesh, the attainment of good governance has been a far cry. The main aim of the war of independence was the economic and social freedom. It still remains a dream because of political instability and lack of long-term planning and implementation. Bangladesh is a developing country of South Asia and it has a parliamentary democracy, where the president is the head of the state. But the Prime Minister, as the head of the government, forms the cabinet and performs the daily affairs of the state. A number of constraints and challenges stand as barriers for establishing good governance in Bangladesh.

Bangladesh Journal of Public Administration, 2021

Parliament is an apex body of the state that is entrusted with the authority of making laws and overseeing government activities. In doing so, parliaments rely on committee system. Committees are set up in the parliament whether it is presidential or parliamentary form of government to scrutiny particular issue. Among the committees appointed in the parliament, financial committees have onerous responsibility of monitoringfinancial activities of the executive. Like any other modern parliament, the Bangladesh Jatya Sangsad also set up financial committees for scrutinizing the public expenditure. This paper intends to identzfi the conditions regarding the functioning of the financial committees in the Jatiya Sangsad.

dspace.bracu.ac.bd

The Institute of Governance Studies, established in 2005, is affiliated with BRAC University, a private institution of higher education in Dhaka, Bangladesh. The University, established in 2001, has a goal to provide a high quality, broad-based education with a focus on professional development to equip students with the knowledge and skills necessary for leading the country in its quest for development.

UITS Journal

In the recent time, 'governance' and 'good governance' are being increasing used in development literature. A dramatic change has come in public administration and the paradigm shift towards good governance and sustainable developments. Day by day, the intellectuals, bureaucrats and civil society members are accepting the spirit of the concept and conceptualizing it in their own experience and environment. In Bangladesh, all the internal and external actors of politics, administration and development are emphasizing on the need for good governance. Good governance is almost imperative for the socioeconomic development of Bangladesh. But our country has been facing virus of poor or malgovernance which is visible in every arena of public life. Against this backdrop, this study attempts to evaluate the overall state of governance in Bangladesh from an institutional perspective. It also analyzes the bottlenecks and prospects of good governance in Bangladesh. Finally, this paper suggests a set of measures to be undertaken in an effort to establish good governance in Bangladesh.

Međunarodni problemi, 2005

In this article the authors focus on challenges, experiences and strategies for good governance in Bangladesh. They explore what capacities states need to develop in order to meet the demands and how to strengthen governance institutions, including electoral ...