Bangladesh Development Update, October 2016 : Sustained Development Progress

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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Main Author: World Bank
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
economic growth
shared prosperity
poverty
structural reforms
economic outlook
carbon tax
Online Access:http://documents.worldbank.org/curated/en/2016/10/26842870/bangladesh-development-update-sustained-development-progress
http://hdl.handle.net/10986/25274
id okr-10986-25274
recordtype oai_dc
spelling okr-10986-252742021-05-25T09:53:31Z Bangladesh Development Update, October 2016 : Sustained Development Progress World Bank economic growth shared prosperity poverty structural reforms economic outlook carbon tax 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. 2016-10-25T22:27:01Z 2016-10-25T22:27:01Z 2016-10 Report http://documents.worldbank.org/curated/en/2016/10/26842870/bangladesh-development-update-sustained-development-progress http://hdl.handle.net/10986/25274 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC 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
en_US
topic economic growth
shared prosperity
poverty
structural reforms
economic outlook
carbon tax
spellingShingle economic growth
shared prosperity
poverty
structural reforms
economic outlook
carbon tax
World Bank
Bangladesh Development Update, October 2016 : Sustained Development Progress
geographic_facet South Asia
Bangladesh
description 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.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Bangladesh Development Update, October 2016 : Sustained Development Progress
title_short Bangladesh Development Update, October 2016 : Sustained Development Progress
title_full Bangladesh Development Update, October 2016 : Sustained Development Progress
title_fullStr Bangladesh Development Update, October 2016 : Sustained Development Progress
title_full_unstemmed Bangladesh Development Update, October 2016 : Sustained Development Progress
title_sort bangladesh development update, october 2016 : sustained development progress
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/2016/10/26842870/bangladesh-development-update-sustained-development-progress
http://hdl.handle.net/10986/25274
_version_ 1764458842948632576

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