Bangladesh Development Update, April 2019 : Towards Regulatory Predictability

Bangladesh has maintained its robust growth performance. Exports and remittances have been buoyant. Agriculture had bumper harvests. Overall inflation has slowed as decelerating food inflation offset a pickup in non-food inflation. Monetary expansi...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Dhaka 2019
Subjects:	ECONOMIC GROWTH INFLATION BALANCE OF PAYMENTS FISCAL POLICY MONETARY POLICY ECONOMIC OUTLOOK PUBLIC EXPENDITURE FISCAL REFORM INFRASTRUCTURE HUMAN CAPITAL REGULATORY FRAMEWORK ENTERPRISE SURVEYS
Online Access:	http://documents.worldbank.org/curated/en/269241554408636618/Bangladesh-Development-Update-Towards-Regulatory-Predictability http://hdl.handle.net/10986/31504

id	okr-10986-31504
recordtype	oai_dc
spelling	okr-10986-315042021-05-25T09:22:40Z Bangladesh Development Update, April 2019 : Towards Regulatory Predictability World Bank ECONOMIC GROWTH INFLATION BALANCE OF PAYMENTS FISCAL POLICY MONETARY POLICY ECONOMIC OUTLOOK PUBLIC EXPENDITURE FISCAL REFORM INFRASTRUCTURE HUMAN CAPITAL REGULATORY FRAMEWORK ENTERPRISE SURVEYS Bangladesh has maintained its robust growth performance. Exports and remittances have been buoyant. Agriculture had bumper harvests. Overall inflation has slowed as decelerating food inflation offset a pickup in non-food inflation. Monetary expansion has been short of target as private sector credit growth slowed and the Bangladesh Bank siphoned off banking liquidity by selling dollars to defend the taka. Vulnerabilities in the banking system and capital market persisted. Higher export and lower import growth reduced the current account deficit, but a decline in the financial account surplus diluted the impact of the current account deficit decline on the overall balance of payments deficit. The budget deficit increased in FY18 but remained below the 5 percent of GDP target. Low revenue collection continues to be a major challenge as policy and administrative reforms have stalled and, in some instances, reversed. Key structural reform challenges are to mitigate the financial sector vulnerabilities, strengthen revenue mobilization, manage public investments better, meet the infrastructure gap, enhance human capital and streamline business regulation. Addressing these reform challenges will be critical for reinforcing future productivity growth. This report provides an assessment of the state of the Bangladesh economy, outlook, risks, and the key reform challenges the economy is currently facing. The coverage includes developments in the real sector focusing on growth and its components; inflation; monetary and financial sector developments; external sector developments focusing on the balance of payments, foreign exchange reserves and the exchange rate; and fiscal developments focusing on revenue mobilization, public expenditures, and deficit financing. The special focus in this update is on regulatory predictability based on an analysis of firm level survey data. 2019-04-08T16:30:29Z 2019-04-08T16:30:29Z 2019-04 Report http://documents.worldbank.org/curated/en/269241554408636618/Bangladesh-Development-Update-Towards-Regulatory-Predictability http://hdl.handle.net/10986/31504 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Dhaka Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH INFLATION BALANCE OF PAYMENTS FISCAL POLICY MONETARY POLICY ECONOMIC OUTLOOK PUBLIC EXPENDITURE FISCAL REFORM INFRASTRUCTURE HUMAN CAPITAL REGULATORY FRAMEWORK ENTERPRISE SURVEYS
spellingShingle	ECONOMIC GROWTH INFLATION BALANCE OF PAYMENTS FISCAL POLICY MONETARY POLICY ECONOMIC OUTLOOK PUBLIC EXPENDITURE FISCAL REFORM INFRASTRUCTURE HUMAN CAPITAL REGULATORY FRAMEWORK ENTERPRISE SURVEYS World Bank Bangladesh Development Update, April 2019 : Towards Regulatory Predictability
geographic_facet	South Asia Bangladesh
description	Bangladesh has maintained its robust growth performance. Exports and remittances have been buoyant. Agriculture had bumper harvests. Overall inflation has slowed as decelerating food inflation offset a pickup in non-food inflation. Monetary expansion has been short of target as private sector credit growth slowed and the Bangladesh Bank siphoned off banking liquidity by selling dollars to defend the taka. Vulnerabilities in the banking system and capital market persisted. Higher export and lower import growth reduced the current account deficit, but a decline in the financial account surplus diluted the impact of the current account deficit decline on the overall balance of payments deficit. The budget deficit increased in FY18 but remained below the 5 percent of GDP target. Low revenue collection continues to be a major challenge as policy and administrative reforms have stalled and, in some instances, reversed. Key structural reform challenges are to mitigate the financial sector vulnerabilities, strengthen revenue mobilization, manage public investments better, meet the infrastructure gap, enhance human capital and streamline business regulation. Addressing these reform challenges will be critical for reinforcing future productivity growth. This report provides an assessment of the state of the Bangladesh economy, outlook, risks, and the key reform challenges the economy is currently facing. The coverage includes developments in the real sector focusing on growth and its components; inflation; monetary and financial sector developments; external sector developments focusing on the balance of payments, foreign exchange reserves and the exchange rate; and fiscal developments focusing on revenue mobilization, public expenditures, and deficit financing. The special focus in this update is on regulatory predictability based on an analysis of firm level survey data.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Bangladesh Development Update, April 2019 : Towards Regulatory Predictability
title_short	Bangladesh Development Update, April 2019 : Towards Regulatory Predictability
title_full	Bangladesh Development Update, April 2019 : Towards Regulatory Predictability
title_fullStr	Bangladesh Development Update, April 2019 : Towards Regulatory Predictability
title_full_unstemmed	Bangladesh Development Update, April 2019 : Towards Regulatory Predictability
title_sort	bangladesh development update, april 2019 : towards regulatory predictability
publisher	World Bank, Dhaka
publishDate	2019
url	http://documents.worldbank.org/curated/en/269241554408636618/Bangladesh-Development-Update-Towards-Regulatory-Predictability http://hdl.handle.net/10986/31504
_version_	1764474474042753024

Bangladesh Development Update, April 2019 : Towards Regulatory Predictability

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