Publish: 10:09, 19 Feb, 2026

Economic stability must lead government agenda

Iqbal Hossain Chowdhury
Economic stability must lead government agenda
Iqbal Hossain Chowdhury

After a national election, citizens expect more than a change of power. They expect a visible shift in governing philosophy, clarity in policy priorities and the restoration of accountability. At a time when the economy faces multiple pressures, inflation remains persistent, confidence in the banking sector has eroded, foreign exchange reserves remain under strain, and inequality in health and education continues to widen, the first 100 days of a new government must serve as a period of policy reset.

No government can solve every problem within 100 days. However, this period signals the direction it intends to take, whose interests it prioritises and how inclusive and responsible its statecraft will become. The first and foremost priority must be economic stability.

Authorities cannot control inflation through market inspections or mobile courts alone. They need a coordinated economic stabilisation framework that aligns the Ministry of Finance, Bangladesh Bank, the Ministry of Commerce and the agricultural sector. Policymakers must identify weaknesses in the supply chain of essential goods through data-driven analysis, from import to retail markets.

For a limited period, the government can adjust duties and VAT, offer incentives to agricultural production, improve storage infrastructure and introduce targeted subsidies to ease inflationary pressure. At the same time, policymakers should adopt a contractionary but balanced monetary policy to restore discipline in market liquidity. They must strike a balance in interest rate policy to control inflation while protecting investment and employment. Targeted interest support for small and medium-sized enterprises can help stimulate economic activity.

Restoring confidence in banking and finance will test the new administration. Non-performing loans, weak oversight and poor corporate governance have kept the sector vulnerable for years. Within the first 100 days, the government should form an independent banking reform commission, publish a full account of actual non-performing loans and establish board structures free from political influence. Ultimately, an economy stands not only on GDP figures but on confidence, and rebuilding that confidence remains the key task.

Tax reform also demands urgent action. The government can increase taxes on luxury goods while reducing taxes on essentials, fully digitise tax administration and expand the tax net to boost revenue and reduce harassment of taxpayers. Authorities should also automate port management and ensure 24/7 operations to strengthen export competitiveness and improve Bangladesh’s position in global supply chains.

Confidence within the private sector also matters. The Federation of Bangladesh Chambers of Commerce and Industry has long contributed to policymaking. However, if the business community questions its representation or the strength of democratic processes, investor confidence suffers. The government should ensure free, fair and competitive elections in the FBCCI and other trade bodies within the first 100 days. This step will send a strong economic signal.

Inequality in healthcare now poses a major risk to social stability. While specialised services have expanded in cities, rural communities still lack quality care. Within 100 days, the government should mandate telemedicine connections at the upazila level, bring medicine supply in public hospitals under digital tracking and publish a draft framework for national health insurance. Healthcare does not merely provide social services; it underpins a productive economy.

In the next phase of digital transformation, Bangladesh must move from technology user to technology producer. Policymakers should introduce a national cyber response framework, conduct cyber audits of critical infrastructure and develop a roadmap for integrated artificial intelligence infrastructure. To prepare for the Fourth Industrial Revolution, the government must unify innovation, research, start-ups and skills development under a coherent national policy.

No reform can endure without political and social harmony. If the government initiates an inclusive national dialogue within its first 100 days, it can promote consensus instead of division. Its greatest strength will lie in reinforcing the belief that the state belongs to everyone and that policies serve all citizens.

The first 100 days will not deliver a miracle. However, they offer an opportunity to build a strong foundation. If the government uses this period to promote transparency, accountability, institutional democracy and technology-driven reform, it can restore public confidence. Bangladesh now stands at a crossroads of potential and challenge. With clear direction and firm implementation, these 100 days can mark the beginning of a responsible and sustainable state.

During this period, the government must also lay the foundation for job creation to reflect the economic priorities and aspirations of the people. By aligning its early actions with its electoral manifesto, it can inspire hope and reinforce trust among citizens.

Iqbal Hossain Chowdhury is vice-president of Bajus, director of Bengal Commercial Bank and managing director of JCX Developments Ltd.

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