Bangladesh bank reform : changes and challenges

Abstract

The Bangladesh Bank, the central bank of Bangladesh, has been subject to an ongoing series of reforms. This paper provides an analytical description of the structure of the Bangladesh Bank; it reviews the reforms from their inception in 1982 through the current Central Bank Strengthening Project and assesses their impact on the Bank’s performance and autonomy. The Grilli-Masciandro-Tabellini (GMT) indexes for political and economic autonomy are calculated. The Bangladesh Bank ranks below its peers in both GMT measures.