Bangladesh maintaining a stable Forex reserve at this time is a reasonable outcome.
Not really at its low base and previous trajectory before (by the 0% LDC freebie thrown at it for RMG that really should just keep going if BD industry actually had any basic competitiveness and higher intelligence...given China at 10x the export volume still is tariffed at 15%+ in the same markets)...
....or what its composition of source was before compared to now and what the CAD pressure swing is especially in last few years (causing the stagnation).
This was supposed to be an easy 4 runs for BD to edge to boundary, instead its hitting own wicket on it through its atrocious corruption and gross mental ineptitude.
India on the other hand has genuine, deep rooted problems of bad debt and corporate corruption. The last year for India before the virus were catastrophic - so any Indian economic advice is like taking housing advice from a homeless guy.
Not suggesting any "advice taking"...again its 2 trillion been trailblazed already not caring about some ninny sticking its toe in pond, finding it too scary cold...and pissing 40 billion away from its already wretched small 70 billion in short order because thats it scale of incompetence and utter mismanagement (yes this is the blowback effect on RMG too that was clearly materialising that your govt/media wont talk about and will hide under corona crisis for a while)...so really lets not go there. Its laughable you ignorantly buy the "world market economy struggle" argument from BAL-media given the volumes China was exporting in RMG to same countries at 15% plus tariff.
What I am suggesting is to have far less of an echo chamber (especially seeing where you lot rank in corruption internationally compared to us) to reduce the ignorance insulation....but then again you lot find the easy-street hypocrisy route in calling your restaurant businesses "Indian" first thing while having your identity complex issue whinging at same time....so not too surprising that attitude grows and enshrines as soon as you are at some threshold above dire abject poverty in UK,US,Canada etc.
Fridges still not being exported to Thailand...its been 5 years now since the BAL-BD media claim-vaunted it? There is now a whole train of articles for other nonsense like that for TV's, motorcycles and whatever else....absolute zilch materialises in the actual other country import figures.
Then what happens in the end now on top of that? Basic sure-shot "established" RMG decreases (which was supposed to be yearly on rote easy as pie transfer from China)...
well before corona crisis. Karma I suppose.
Ps - Investment grade India? Like I said Indian financial fakery has fooled many in the last decade but it's all coming apart - Moody's just downgraded India to a negative outlook.
Ah cool, so your "PS" just has to seal the deal regarding your basic sustained illiteracy on the subject.
Understand what a positive/stable/negative outlook is. That has to do with forseen rating changes not rating level.
If India gets downgraded (short term) from Baa2 to Baa3 (which is what negative outlook signifies as a potential), it remains investment grade. Long term bond rating remained "stable".
Now what is BD's actual credit rating? Junk! Positive,stable or negative just means its shifting
among junk levels....because its really that lousy and underdeveloped of a country when push comes to shove.
It again is part of the whole basic ratio in 600 mil vs 23 billion immediate support package. Surely equal equal would mean BD had a 3+ billion package starting off? But we see the reality check when there is no BBS mathamagic involved in dumping inflation everywhere as "real"...largely in attempt to size up its GDP denominator against the pressures of depreciation of Taka and also try maximise its borrowing-dependent behaviour within the "junk" scope it has.
.
