Thinking Aloud: Volume X, Issue 5: October 1, 2023

The October 2023 issue of Thinking Aloud concentrates on the inflationary pressure facing Bangladesh, gender sensitive financial inclusion strategy and challenges to investment facilitation in Bangladesh and the impact of artificial intelligence on the future of work. The first page article, “Taming the inflation monster in Bangladesh”, discusses the policy deficiencies in managing inflation. It points out that maintain a rigid interest rate policy, lack of appropriate fiscal policy, and poor management of the domestic market have contributed to the persisting high-level of inflation. The article also analyzes the role of the central bank. To tame inflation, the article recommends, it is essential to ensure adequate supply of goods, adjust monetary and fiscal policy, discipline the market, and strengthen government departments such as the Competition Commission. The second, third, and fourth pages of this issue present three more articles. The second article titled “Towards a Women Financial Inclusion Strategy of Bangladesh (WFIS-B)” points out that there is still a long way to go before women in Bangladesh have equal access to and utilization of financial services. The article further suggests that, in pursuit of enhanced financial inclusion for women, it is essential for the nation to proceed strategically by implementing a Women’s Financial Inclusion Strategy in Bangladesh. The third article titled, “Investment Facilitation in Bangladesh” reiterates that private investment plays a pivotal role in the economic development of any country, and Bangladesh is no exception. The article concludes that, actively promoting Bangladesh as an investment destination through marketing campaigns, participating in international forums, and building the capacity of government agencies responsible for investment promotion is essential. The fourth article titled “AI, future of work, and beyond” reiterates the necessity of a cautious and coherent approach to the whole AI revolution. The article concludes that, all relevant stakeholders need to cooperate to ensure accountability of companies developing AI, and prioritize social ownership of AI. The fourth page showcases the events of September 2023 and shares the call for the SANEM-World Bank seminar on “Fiscal Challenges in South Asia” and SANEM-ActionAid Bangladesh round table discussion.