Dhaka, June 9 -- Overcoming Bangladesh's current macroeconomic challenges relies largely on the political will of those in power, economist Masrur Reaz says.

According to him, progress will only be possible if there is a clear political commitment to prevent any particular group from holding the economy hostage.

He argues that a handful of isolated reforms will not be enough to revive the economy. Instead, long-term reform plans are needed to improve market competitiveness and create a better investment environment.

Ahead of the national budget, Reaz shared his observations on a range of economic issues during bdnews24.com's discussion programme "Inside Out".

Reaz is the chairman of private research organisation Policy Exchange Bangla...