Bangladesh : Development Forum Economic Update
The report reviews recent economic developments, showing economic growth continues to its path, and, aided by global economic recovery, export growth remains strong. The forex market has been stable since the national currency (taka) was floated in...
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| Format: | Policy Note |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/05/4325177/bangladesh-development-forum-economic-update http://hdl.handle.net/10986/15671 |
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okr-10986-15671 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ANALYTICAL WORK ANNUAL OBSERVATIONS ARSENIC AVERAGE GROWTH BALANCE OF PAYMENTS BANKING SECTOR CAPITA GROWTH CAPITAL ACCOUNT CAPITAL GOODS COMMERCIAL BANKS COMMUNITY PARTICIPATION COMPARATOR COUNTRIES CONSUMER PRICE INDEX COUNTRY DATA CPI CURRENCY UNIT DEBT DECENTRALIZATION DEMOCRACY DEVELOPING WORLD DEVELOPMENT GOALS DEVELOPMENT INDICATORS DEVELOPMENT PARTNERS DEVELOPMENT POLICY DEVELOPMENT WORKS DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMISTS EMPLOYMENT EXCHANGE RATE EXPORT DIVERSIFICATION EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL MANAGEMENT FOOD PRODUCTION FOOD SECURITY FOREIGN AID FOREIGN EXCHANGE GDP GDP PER CAPITA GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH PROCESS GROWTH PROJECTIONS GROWTH PROSPECTS GROWTH RATE HEALTH OUTCOMES HIGH GROWTH HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN DIMENSIONS IMPORTS INCOME LEVELS INCOME POVERTY INCREASED DEMAND INFANT MORTALITY INFLATION INFLATION RATE INFLATION RATES INSTITUTIONAL FRAMEWORK INSTITUTIONAL MEASURES INSURANCE INTEREST RATES INVESTMENT CLIMATE INVESTMENT RATE LABOR FORCE LIQUIDITY LONG-TERM GROWTH LOW INCOME COUNTRIES LOW-INCOME COUNTRIES MACROECONOMIC ENVIRONMENT MACROECONOMIC FRAMEWORK MACROECONOMIC STABILITY MANUFACTURING SECTOR MEDIUM TERM MONETARY POLICY NATIONAL INCOME NATIONAL POVERTY PER CAPITA INCOME PER-CAPITA INCOME POLICY REVIEW POLICY STANCE POLLUTION POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY TRENDS PRICE LEVELS PRIMARY EDUCATION PRIORITY AREAS PRIVATE SECTORS PRODUCTIVITY INCREASES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PURCHASING POWER QUOTAS REAL WAGES REDUCING POVERTY RULE OF LAW RURAL POPULATION SERVICE DELIVERY SOCIAL DEVELOPMENT SOCIAL INDICATORS SOCIAL SECTORS SOCIAL SERVICES SOCIAL SPENDING STRUCTURAL BREAK STRUCTURAL REFORMS T-BILLS TAX COLLECTION TAX REVENUE TOTAL FACTOR PRODUCTIVITY TRADE BALANCE TRADE DEFICIT TRADE TAXES TREASURY BILLS URBAN AREAS VALUE ADDED WAGES WATER SUPPLY ECONOMIC DEVELOPMENT FINANCIAL MECHANISMS CURRENCY MARKETS FISCAL SUSTAINABILITY PRUDENTIAL REGULATIONS MONETARY POLICY EXCHANGE RATE ADJUSTMENTS LIBERALIZATION MACROECONOMIC POLICY GROWTH PATTERNS POVERTY INCIDENCE POVERTY REDUCTION STRATEGIES ANALYTICAL METHODS PRODUCTIVITY GROWTH HUMAN DEVELOPMENT REFORM IMPLEMENTATION SOCIAL SECTOR INVESTMENT INSTITUTIONAL FRAMEWORK DECENTRALIZATION |
| spellingShingle |
ACCOUNTABILITY ANALYTICAL WORK ANNUAL OBSERVATIONS ARSENIC AVERAGE GROWTH BALANCE OF PAYMENTS BANKING SECTOR CAPITA GROWTH CAPITAL ACCOUNT CAPITAL GOODS COMMERCIAL BANKS COMMUNITY PARTICIPATION COMPARATOR COUNTRIES CONSUMER PRICE INDEX COUNTRY DATA CPI CURRENCY UNIT DEBT DECENTRALIZATION DEMOCRACY DEVELOPING WORLD DEVELOPMENT GOALS DEVELOPMENT INDICATORS DEVELOPMENT PARTNERS DEVELOPMENT POLICY DEVELOPMENT WORKS DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMISTS EMPLOYMENT EXCHANGE RATE EXPORT DIVERSIFICATION EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL MANAGEMENT FOOD PRODUCTION FOOD SECURITY FOREIGN AID FOREIGN EXCHANGE GDP GDP PER CAPITA GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH PROCESS GROWTH PROJECTIONS GROWTH PROSPECTS GROWTH RATE HEALTH OUTCOMES HIGH GROWTH HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN DIMENSIONS IMPORTS INCOME LEVELS INCOME POVERTY INCREASED DEMAND INFANT MORTALITY INFLATION INFLATION RATE INFLATION RATES INSTITUTIONAL FRAMEWORK INSTITUTIONAL MEASURES INSURANCE INTEREST RATES INVESTMENT CLIMATE INVESTMENT RATE LABOR FORCE LIQUIDITY LONG-TERM GROWTH LOW INCOME COUNTRIES LOW-INCOME COUNTRIES MACROECONOMIC ENVIRONMENT MACROECONOMIC FRAMEWORK MACROECONOMIC STABILITY MANUFACTURING SECTOR MEDIUM TERM MONETARY POLICY NATIONAL INCOME NATIONAL POVERTY PER CAPITA INCOME PER-CAPITA INCOME POLICY REVIEW POLICY STANCE POLLUTION POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY TRENDS PRICE LEVELS PRIMARY EDUCATION PRIORITY AREAS PRIVATE SECTORS PRODUCTIVITY INCREASES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PURCHASING POWER QUOTAS REAL WAGES REDUCING POVERTY RULE OF LAW RURAL POPULATION SERVICE DELIVERY SOCIAL DEVELOPMENT SOCIAL INDICATORS SOCIAL SECTORS SOCIAL SERVICES SOCIAL SPENDING STRUCTURAL BREAK STRUCTURAL REFORMS T-BILLS TAX COLLECTION TAX REVENUE TOTAL FACTOR PRODUCTIVITY TRADE BALANCE TRADE DEFICIT TRADE TAXES TREASURY BILLS URBAN AREAS VALUE ADDED WAGES WATER SUPPLY ECONOMIC DEVELOPMENT FINANCIAL MECHANISMS CURRENCY MARKETS FISCAL SUSTAINABILITY PRUDENTIAL REGULATIONS MONETARY POLICY EXCHANGE RATE ADJUSTMENTS LIBERALIZATION MACROECONOMIC POLICY GROWTH PATTERNS POVERTY INCIDENCE POVERTY REDUCTION STRATEGIES ANALYTICAL METHODS PRODUCTIVITY GROWTH HUMAN DEVELOPMENT REFORM IMPLEMENTATION SOCIAL SECTOR INVESTMENT INSTITUTIONAL FRAMEWORK DECENTRALIZATION World Bank Bangladesh : Development Forum Economic Update |
| geographic_facet |
South Asia Bangladesh |
| description |
The report reviews recent economic
developments, showing economic growth continues to its path,
and, aided by global economic recovery, export growth
remains strong. The forex market has been stable since the
national currency (taka) was floated in by the end-May 2003.
The fiscal stance for FY04 remains expansionary, but within
prudent limits, and without straining fiscal sustainability,
whereas the monetary policy stance - tightened considerably
last summer to facilitate exchange rate liberalization - is
becoming increasingly adaptable, in recognition of the
favorable macro-financial conditions, seemingly on a prudent
course. Higher growth in the 1990s also translated into
sharper declines in income poverty. Notwithstanding the
impressive gains thus far, the magnitude of remaining
development challenges is enormous. In June 2003, the
Government adopted its first ever medium-term macroeconomic
framework, which underpins its poverty reduction strategy,
and should contribute to high growth, and fast-paced poverty
reduction. The path of the fiscal policy in the medium-term
framework, is consistent with Bangladesh's reform
needs, and public debt sustainability. And, despite recent
deterioration, the public debt stock appears sustainable.
However, Bangladesh remains vulnerable to the scheduled
phase out of the Multi-Fiber Arrangement (MFA) quotas from
January 2005. The report estimates GDP growth rates would be
needed if the stated poverty reduction objectives are to be
achieved, and, analytical work suggests that higher growth
is likely to come mainly from productivity increases.
Regarding the agenda for human development it is indicated
that with good foundations already built, Bangladesh should
now move swiftly with the second generation reforms needed
to further improve human development. These entail
complementing increased social spending with significant
improvements in the institutional framework for service
delivery, as specified in the Interim Poverty Reduction
Strategy Paper, with increased efforts to promote decentralization. |
| format |
Economic & Sector Work :: Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Bangladesh : Development Forum Economic Update |
| title_short |
Bangladesh : Development Forum Economic Update |
| title_full |
Bangladesh : Development Forum Economic Update |
| title_fullStr |
Bangladesh : Development Forum Economic Update |
| title_full_unstemmed |
Bangladesh : Development Forum Economic Update |
| title_sort |
bangladesh : development forum economic update |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/05/4325177/bangladesh-development-forum-economic-update http://hdl.handle.net/10986/15671 |
| _version_ |
1764428603893743616 |
| spelling |
okr-10986-156712021-04-23T14:03:17Z Bangladesh : Development Forum Economic Update World Bank ACCOUNTABILITY ANALYTICAL WORK ANNUAL OBSERVATIONS ARSENIC AVERAGE GROWTH BALANCE OF PAYMENTS BANKING SECTOR CAPITA GROWTH CAPITAL ACCOUNT CAPITAL GOODS COMMERCIAL BANKS COMMUNITY PARTICIPATION COMPARATOR COUNTRIES CONSUMER PRICE INDEX COUNTRY DATA CPI CURRENCY UNIT DEBT DECENTRALIZATION DEMOCRACY DEVELOPING WORLD DEVELOPMENT GOALS DEVELOPMENT INDICATORS DEVELOPMENT PARTNERS DEVELOPMENT POLICY DEVELOPMENT WORKS DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMISTS EMPLOYMENT EXCHANGE RATE EXPORT DIVERSIFICATION EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL MANAGEMENT FOOD PRODUCTION FOOD SECURITY FOREIGN AID FOREIGN EXCHANGE GDP GDP PER CAPITA GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH PROCESS GROWTH PROJECTIONS GROWTH PROSPECTS GROWTH RATE HEALTH OUTCOMES HIGH GROWTH HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN DIMENSIONS IMPORTS INCOME LEVELS INCOME POVERTY INCREASED DEMAND INFANT MORTALITY INFLATION INFLATION RATE INFLATION RATES INSTITUTIONAL FRAMEWORK INSTITUTIONAL MEASURES INSURANCE INTEREST RATES INVESTMENT CLIMATE INVESTMENT RATE LABOR FORCE LIQUIDITY LONG-TERM GROWTH LOW INCOME COUNTRIES LOW-INCOME COUNTRIES MACROECONOMIC ENVIRONMENT MACROECONOMIC FRAMEWORK MACROECONOMIC STABILITY MANUFACTURING SECTOR MEDIUM TERM MONETARY POLICY NATIONAL INCOME NATIONAL POVERTY PER CAPITA INCOME PER-CAPITA INCOME POLICY REVIEW POLICY STANCE POLLUTION POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY TRENDS PRICE LEVELS PRIMARY EDUCATION PRIORITY AREAS PRIVATE SECTORS PRODUCTIVITY INCREASES PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PURCHASING POWER QUOTAS REAL WAGES REDUCING POVERTY RULE OF LAW RURAL POPULATION SERVICE DELIVERY SOCIAL DEVELOPMENT SOCIAL INDICATORS SOCIAL SECTORS SOCIAL SERVICES SOCIAL SPENDING STRUCTURAL BREAK STRUCTURAL REFORMS T-BILLS TAX COLLECTION TAX REVENUE TOTAL FACTOR PRODUCTIVITY TRADE BALANCE TRADE DEFICIT TRADE TAXES TREASURY BILLS URBAN AREAS VALUE ADDED WAGES WATER SUPPLY ECONOMIC DEVELOPMENT FINANCIAL MECHANISMS CURRENCY MARKETS FISCAL SUSTAINABILITY PRUDENTIAL REGULATIONS MONETARY POLICY EXCHANGE RATE ADJUSTMENTS LIBERALIZATION MACROECONOMIC POLICY GROWTH PATTERNS POVERTY INCIDENCE POVERTY REDUCTION STRATEGIES ANALYTICAL METHODS PRODUCTIVITY GROWTH HUMAN DEVELOPMENT REFORM IMPLEMENTATION SOCIAL SECTOR INVESTMENT INSTITUTIONAL FRAMEWORK DECENTRALIZATION The report reviews recent economic developments, showing economic growth continues to its path, and, aided by global economic recovery, export growth remains strong. The forex market has been stable since the national currency (taka) was floated in by the end-May 2003. The fiscal stance for FY04 remains expansionary, but within prudent limits, and without straining fiscal sustainability, whereas the monetary policy stance - tightened considerably last summer to facilitate exchange rate liberalization - is becoming increasingly adaptable, in recognition of the favorable macro-financial conditions, seemingly on a prudent course. Higher growth in the 1990s also translated into sharper declines in income poverty. Notwithstanding the impressive gains thus far, the magnitude of remaining development challenges is enormous. In June 2003, the Government adopted its first ever medium-term macroeconomic framework, which underpins its poverty reduction strategy, and should contribute to high growth, and fast-paced poverty reduction. The path of the fiscal policy in the medium-term framework, is consistent with Bangladesh's reform needs, and public debt sustainability. And, despite recent deterioration, the public debt stock appears sustainable. However, Bangladesh remains vulnerable to the scheduled phase out of the Multi-Fiber Arrangement (MFA) quotas from January 2005. The report estimates GDP growth rates would be needed if the stated poverty reduction objectives are to be achieved, and, analytical work suggests that higher growth is likely to come mainly from productivity increases. Regarding the agenda for human development it is indicated that with good foundations already built, Bangladesh should now move swiftly with the second generation reforms needed to further improve human development. These entail complementing increased social spending with significant improvements in the institutional framework for service delivery, as specified in the Interim Poverty Reduction Strategy Paper, with increased efforts to promote decentralization. 2013-09-05T16:48:14Z 2013-09-05T16:48:14Z 2004-05-26 http://documents.worldbank.org/curated/en/2004/05/4325177/bangladesh-development-forum-economic-update http://hdl.handle.net/10986/15671 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work South Asia Bangladesh |