Dhaka, May 11 -- Business syndicates remain active across nearly every sector in Bangladesh, significantly impeding structural reform, according to Lutfey Siddiqi, the Chief Adviser's Special Envoy on International Affairs.

Speaking at the launch of the book "Bangladesh 2030: Pathways to Shared Economic Prosperity" - organised by the Policy Research Institute (PRI) of Bangladesh in collaboration with Nymphea Publication at Sheraton Dhaka - Siddiqi highlighted how informal arrangements between segments of the business community and the government have created systemic obstacles.

"One of the main reasons we have been unable to implement structural reforms is because many within the private sector privately negotiate favourable terms with ...