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Bangladesh, a nation renowned for its swift economic expansion, faces both obstacles and prospects in the healthcare sector, which is among the biggest service-orientated industries in the country. Moreover, having grown at a compound annual growth rate of roughly However, many individuals still lack access to essential medical care, even in the face of all the developments. Bangladesh is ranked 95th in the world overall in the Global Health Security Index, which is quite concerning.
The challenges that the Bangladeshi healthcare sector is currently facing include subpar quality, growing expenses, lack of funding, ineffective budget allocation, and so on. Bangladesh has the second-highest out-of-pocket spending on health, with people paying Many still cannot get the basic healthcare they need because of the poor infrastructure. Despite these obstacles, Bangladesh has set a goal to achieve Universal Health Coverage by Numerous government programs, including the Community Clinic Programme, Shasthyo Shurokhsha Karmasuchi, and others, along with private sector efforts, particularly those of NGOs and health-tech companies, have already accelerated advancements in expanding healthcare accessibility for the general public.
To ensure a healthy future for all, both the public and private sectors should collaborate to connect healthcare facilities with those who need care. Shah Jalal. The last national budget of the 8th Five-Year Plan, which happens to be the budget for FY—25 amounting to BDT , crore, was passed by the parliament on June 30, The size of the budget in comparison to the same of the previous fiscal year demonstrates the lack of appetite of the government for aggressive growth.
Rather, focus has been put on stabilising macroeconomic indicators such as inflation, exchange rates, foreign reserves, and so on. It is often said that fiscal policy alone cannot make an economy reach where it wants to reach. A well-thought-out monetary policy statement in synchronisation with fiscal policy is required to achieve the broader macroeconomic goals. The recently published monetary policy statement by the central bank for the period July —December is in line with the national budget for FY—25, as it plans to engage the tools that may be useful, such as employing a crawling peg system to determine the exchange rate or tweaking the policy rate.
