Dhaka, May 20 -- Commerce Adviser Sheikh Bashir Uddin has alleged that the productivity of both public and private sectors across Bangladesh has been systematically eroded over the past 15 years.

Speaking at a seminar titled "Competition Policy in Bangladesh: Opportunities, Challenges and the Way Forward", on Tuesday, he said that this phenomenon has taken place across both government and private institutions, while hindering local industries and compromising the competitiveness of the market.

Bashir went on to say that Bangladesh is in a fragile economic position, due to what he has dubbed "bank looting" carried out over the last 15 years, hinting at the financial irregularities of the development projects taken on in the previous admi...