Bangladesh Development Update, October 2016 : Sustained Development Progress
This update introduces Bangladesh's new poverty numbers at $1.90 per capita per day in 2011 purchasing power parity (PPP) prices, followed by an account of recent economic development, the outlook, risks, and policy responses. The revised pove...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/10/26842870/bangladesh-development-update-sustained-development-progress http://hdl.handle.net/10986/25274 |
| Summary: | This update introduces Bangladesh's
new poverty numbers at $1.90 per capita per day in 2011
purchasing power parity (PPP) prices, followed by an account
of recent economic development, the outlook, risks, and
policy responses. The revised poverty rates are
significantly lower, but follow the same downward historical
trend seen when using the 2005 international extreme poverty
line. Bangladesh can bring its extreme poverty rate down to
nearly zero by 2030 either by accelerating GDP growth to 9
percent per year, or by maintaining its recent growth rate
while taking steps to make growth more inclusive. Bangladesh
is on track to sustaining its recent 6 plus percent growth
in the near and medium-term, driven by exports and strong
domestic demand. Security, financial and trade shocks are
the main risks. The policy challenges are to boost
productivity and private investment by reforming business
regulations, addressing infrastructure and energy deficits
and increasing the efficiency of financial intermediation. A
special policy focus in this report is on introducing carbon taxation. |
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