Bangladesh’s respectable growth performance has made the country an intriguing story of development. The country could have achieved even higher growth had it adopted state-of-the-art macro policy by building stronger institutions. Policy favouritism to the super-rich has kept on producing gradual erosion in fiscal capacity,ever-increasing default loans,incessant money laundering,and debility in the capital market. Growing income inequality,rising unemployment,and environmental degradation pose formidable threats to Bangladesh’s goal of becoming a developed nation by the early 2050s. Macro policy must be constructed with adequate knowledge. Expertise,rather than sheer obedience with mediocrity,should determine institutional leaderships. A quality marriage between modern macro policy and accountable institutions must be ascertained to make the nation’s growth well-sustained,development inclusive.
