Bangladesh Development Update, April 2014

Bangladesh moved closer to achieving the sixth five year plan target of reducing extreme poverty to 22.5 percent by 2015 as it sustained healthy gross domestic product (GDP) growth and moderate single digit inflation in FY2014. However, growth this year slowed relative to last year with declining remittances and losses due to political turmoil. Sound macroeconomic management kept inflation in check, although it increased somewhat due to the one-off effects of supply disruptions and wage increases. Official foreign exchange reserves increased to an adequate level as Bangladesh Bank intervened to keep the exchange rate stable. Weak demand for credit reduced interest rates. Monetary policy remained prudent while fiscal management challenged by shortfall in tax revenue, demand for support from sectors adversely affected by the political turmoil, and under-utilization of development budget. The fund's extended credit facility (ECF) is on track. Immediate challenges are to boost investments in power and roads; manage the transition in readymade garments; and stem the decline in remittances.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2014-04-01
Subjects:	ACCOUNTING, AGGREGATE DEMAND, ASSET RATIO, BALANCE OF PAYMENTS, BANK ACCOUNTS, BANK BORROWING, BANKING ASSETS, BANKING SECTOR, BANKING SYSTEM, BROAD MONEY, BROKERAGE, BROKERAGE HOUSES, BUDGET DEFICIT, BUSINESS BORROWERS, CAPACITY CONSTRAINTS, CAPITAL ACCOUNT, CAPITAL ACCOUNTS, CAPITAL ACCUMULATION, CAPITAL GOODS, CAPITAL GOODS IMPORTS, CAPITAL MARKET, CENTRAL BANK, COLLATERALS, COMMERCIAL BANKS, COMMODITY PRICES, COMPETITIVE MARKET, CONSUMER CONFIDENCE, CONSUMER GOODS, CONSUMPTION DEMAND, CONSUMPTION EXPENDITURES, CREDIT ENHANCEMENT, CREDIT GROWTH, CREDIT INCREASE, CREDIT SQUEEZE, CREDIT-WORTHINESS, CROP VALUE, CURRENCY, CURRENT ACCOUNT, CURRENT ACCOUNT SURPLUS, DEBT, DEBT SERVICE, DEFAULT RISK, DEMAND FOR CREDIT, DEPOSIT, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT BANK, DISBURSEMENT, DISPOSABLE INCOME, DOMESTIC CREDIT, DOMESTIC DEMAND, DURABLE, ECONOMIC DEVELOPMENTS, ECONOMIC GROWTH, EXCESS LIQUIDITY, EXCESS SUPPLY, EXCHANGE COMMISSION, EXCHANGE RATE, EXCHANGE RATE STABILITY, EXPENDITURE, EXPORT COMPETITIVENESS, EXPORT GROWTH, EXPORT PERFORMANCE, EXPORTERS, EXTERNAL BALANCE, EXTERNAL BALANCES, EXTERNAL BORROWING, EXTERNAL DEBT, FINANCIAL HEALTH, FINANCIAL MARKET, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FISCAL BURDEN, FISCAL DEFICIT, FISCAL POLICY, FOOD PRICE, FOOD PRICES, FOREIGN ASSET, FOREIGN ASSETS, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKET, FOREIGN EXCHANGE RESERVES, FOREIGN FINANCING, FOREIGN INVESTORS, GLOBAL TRADE, GOVERNMENT BANK, GOVERNMENT BORROWING, GOVERNMENT BUDGET, GOVERNMENT POLICIES, GOVERNMENT SPENDING, GROWTH PERFORMANCE, GROWTH RATE, GROWTH RATES, HOLDING, HUMAN CAPITAL, IMBALANCE, IMPORT, IMPORT GROWTH, IMPORTS, INCOME TAX, INFLATION, INFLATION RATE, INFLATIONARY PRESSURES, INFORMATION TECHNOLOGY, INSTITUTIONAL CAPACITY, INTEREST EXPENDITURE, INTEREST INCOME, INTEREST RATE, INTEREST RATES, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL MARKET, INTERNATIONAL STANDARD, INTERNATIONAL TRADE, INVENTORIES, INVESTING, INVESTMENT CLIMATE, INVESTMENT DECISIONS, INVESTMENT DEMAND, INVESTMENT REGULATIONS, INVESTMENT RISK, INVESTMENT SPENDING, LABOR STANDARDS, LENDERS, LIQUIDITY PROBLEM, LOAN, LOCAL MARKET, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICY, MACROECONOMIC STABILITY, MARKET CAPITALIZATION, MARKET DISCIPLINE, MARKET PARTICIPANTS, MARKET PRICE, MARKET SHARE, MARKET STRUCTURE, MARKET TURNOVER, MARKET VALUE, MATURITY, MONETARY AGGREGATES, MONETARY POLICY, MONETARY PROGRAM, MONETARY RESTRAINT, MONEY MARKET, NATIONAL SAVING, NATIONAL SAVINGS, NOMINAL EXCHANGE RATE, NON-PERFORMING LOAN, NONPERFORMING LOANS, NPL, OPPORTUNITY COST, OUTSTANDING STOCK, OVERDUE LOANS, POLITICAL CLIMATE, POLITICAL STABILITY, POLITICAL TURMOIL, POLITICAL UNCERTAINTIES, POLITICAL UNCERTAINTY, POTENTIAL INVESTORS, POVERTY REDUCTION, PRICE INCREASES, PRICE STABILITY, PRIVATE CONSUMPTION, PRIVATE CREDIT, PRIVATE CREDIT GROWTH, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PRIVATE INVESTORS, PRIVATE SECTOR BANKS, PRIVATE SECTOR CREDIT, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC INVESTMENT, PUBLIC SECTOR BANKS, RATE OF GROWTH, RATE OF RETURN, REAL EXCHANGE RATE, REAL WAGE GROWTH, RECURRENT EXPENDITURES, REGULATORY FRAMEWORK, REMITTANCE, REMITTANCES, REPAYMENTS, RESERVE, RESERVE MONEY, RESERVE REQUIREMENT, RETAIL PRICE, RETAIL PRICES, RETURN ON ASSET, RETURNS, RISK MANAGEMENT, SAFETY NETS, SAVINGS CERTIFICATES, SECURITIES, SETTLEMENT, SHAREHOLDERS, SHORTFALL, SHORTFALLS, SLACK, SLOWDOWN, SOVEREIGN RATING, STOCK EXCHANGES, STOCK MARKET, STRUCTURAL REFORM, STRUCTURAL REFORMS, SUPPLY CAPACITY, SUPPLY DISRUPTIONS, SUPPLY SHOCK, TAX, TAX COLLECTION, TELECOMMUNICATIONS, TERRORISM, TOTAL EXPORTS, TRADE CREDIT, TRADING, TRANSPARENCY, TRUST FUND, WEAK DEMAND, WORKING CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2014/04/19356506/bangladesh-development-update https://hdl.handle.net/10986/17787
Tags:	Add Tag No Tags, Be the first to tag this record!