Bangladesh, April 29 -- Bangladesh finds itself at the economic crossroads today.
The country has shown considerable success in its economic development over the past 20 years, owing to sustained economic growth, expanded exports, reduced poverty, and investment in infrastructure.
This success deserves recognition.
To become an upper-middle-income country, Bangladesh must develop strong institutions rather than move along the path of least resistance.
One of the key attributes of institutional legitimacy is associated with the performance and independence of the Bangladesh Bank, the country's central bank.
It might seem that some individuals regard central bank independence as purely a technical problem that concerns only economists.
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