Dhaka, May 23 -- Bangladesh's overall governance and macro fiscal environment are facing multi-systemic risks rooted in deep-seated structural and institutional weaknesses, despite minor progress in financial digitalisation, according to a recent assessment by the Asian Development Bank (ADB).

The publication, titled Governance and Macrofiscal Pillars (GMaP) Assessment, highlights that weak governance systems are blurring the lines between national plans and agency-level implementation, leading to persistent fiscal indiscipline, budget execution failures, and massive losses in State Owned Enterprises (SOEs).

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The report comes on the heels of a massive...