Dhaka, Feb. 9 -- Former Director General of the Bangladesh Institute of Development Studies (BIDS) Dr KAS Murshid on Monday warned weak reform delivery and institutional gaps remain major barriers to sustained development.

"Ensuring macroeconomic stability in Bangladesh requires stronger attention to micro-level realities, institutions and implementation capacity," he said.

Speaking at a discussion titled "Macroeconomic Insights: An Economic Reform Agenda for the Elected Government", he said policymakers often focus on macro indicators such as interest rates, inflation and balance of payments, but tend to overlook the "micro foundations" that underpin them.

"In a development context, neglecting critical micro variables in the real sect...