The Asian Development Bank has recommended that Bangladesh establish a dedicated debt management office to improve oversight of public debt, warning that the country’s fiscal space is narrowing ahead of its graduation from least developed country (LDC) status in November.
The recommendation was made in a comprehensive ADB assessment of Bangladesh’s governance and macrofiscal reforms, released on Saturday (23 May).
The report reviews the country’s fiscal strengths, structural weaknesses and reform priorities as of 2024.
According to the report, Bangladesh’s public debt has risen to 41% of gross domestic product…