Bangladesh Economic Update, October 2012
Despite an unfavourable global economy, economic growth in Bangladesh is projected at close to 6 percent in fiscal 2013 (FY13). Adverse external demand and domestic supply constraints continue to be a drag on growth. Shortfalls in exports and inves...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/708261468207262384/Bangladesh-economic-update http://hdl.handle.net/10986/27068 |
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okr-10986-27068 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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ACCESS TO INFORMATION ACCOUNT DEFICITS ACCOUNTING ADMINISTERED PRICE ADMINISTERED PRICES ADVANCED ECONOMIES AGRICULTURAL COMMODITIES AGRICULTURE ANNUAL GROWTH ASSET QUALITY AUCTION AVERAGE EXCHANGE RATE BALANCE OF PAYMENTS BALANCE SHEETS BANK BORROWING BANK FINANCING BANK SUPERVISION BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BENEFICIARIES BID BILL BROAD MONEY BUDGET DEFICIT BUFFER CAPITAL ADEQUACY CAPITAL GOODS CAPITAL MARKET CASH TRANSFER CENTRAL BANK CHEMICAL INDUSTRIES COLLATERAL COMMERCIAL BANKS COMMERCIAL INVESTMENT COMMODITY PRICES COMPETITIVENESS CONSUMER GOODS CONSUMPTION EXPENDITURE CONTINGENT LIABILITIES CREDIT FLOWS CREDIT MARKETS CREDIT RISK CURRENT ACCOUNT CURRENT ACCOUNT SURPLUS CUSTOMS DUTIES CUSTOMS DUTY DEFAULTS DEFICITS DEMAND GROWTH DEPOSIT DEPOSITS DEPRECIATION DISBURSEMENTS DISPUTE RESOLUTION DOMESTIC BORROWING DOMESTIC INSTITUTIONAL INVESTORS DRAG ON GROWTH ECONOMIC DEVELOPMENTS ECONOMIC GROWTH EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EQUILIBRIUM EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATE FLEXIBILITY EXCHANGE RATE VOLATILITY EXPENDITURE EXPENDITURES EXPORT EARNINGS EXPORT GROWTH EXPORT MARKET EXTERNAL DEMAND EXTERNAL FINANCING EXTERNAL PRESSURES EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL POLICIES FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FLEXIBLE EXCHANGE RATES FOOD CONSUMPTION FOOD DISTRIBUTION FOOD GRAINS FOOD IMPORTS FOOD PLANNING FOOD PRICE FOOD PRICES FOOD SECURITY FOOD SUPPLIES FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN INVESTORS FRAUD GLOBAL DEMAND GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT SECURITIES GRAIN PRODUCTION GROWTH RATES HIGH INFLATION HOLDING HOUSEHOLD INCOME IMPORT IMPORT GROWTH INCOME TAX INFLATION INFLATION DIFFERENTIAL INTEREST RATE INTEREST RATE CAPS INTEREST RATE FLEXIBILITY INTEREST RATE SPREAD INTEREST RATE SPREADS INTEREST RATES INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL PRICE INTERNATIONAL PRICES INTERNATIONAL RESERVES INVENTORY INVESTMENT RATE INVESTOR CONFIDENCE LABOR FORCE LABOR MARKET LIGHT INDUSTRY LIQUIDITY LIQUIDITY CRISIS LIQUIDITY RISK LIQUIDITY SUPPORT LOAN LOAN QUALITY LOAN RECOVERY LOCAL GOVERNMENTS LOCAL MARKET MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MARKET DIVERSIFICATION MARKET FORCES MARKET PRICES MARKET RISK MARKET RISKS MARKET SHARE MARKET VOLATILITY MOBILE PHONE MONETARY CONDITIONS MONETARY FUND MONETARY POLICY MONETARY PROGRAM MONETARY TARGETS NATIONAL SAVING NATURAL DISASTER NATURAL DISASTERS NOMINAL EXCHANGE RATE NOMINAL WAGES OIL PRICE OIL PRICES OPEN MARKET PADDY PETROLEUM PRICE PETROLEUM PRODUCTS POLITICAL INSTABILITY POLITICAL UNCERTAINTY PORTFOLIO POVERTY REDUCTION PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE LEVEL PRICE TRENDS PRICE VOLATILITY PRIMARY COMMODITIES PRIMARY DEALER PRIMARY DEALERS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PUBLIC ASSETS PUBLIC INVESTMENT PUBLIC STOCK REAL EFFECTIVE EXCHANGE RATE REAL EXCHANGE RATE REINVESTMENT REMITTANCE REMITTANCES RESERVE RESERVE MONEY RESERVES RETAIL PRICE SAFETY NET SAFETY NETS SECURITIES SHORTFALL SHORTFALLS SLOWDOWN SOVEREIGN BONDS SOYBEAN STRUCTURAL REFORMS SUPERVISION OF BANKS SUPPLIER SUPPLIERS SUPPLY CONSTRAINTS SUPPLY SHOCKS SUPPLY SIDE T-BILLS TARIFF INCREASE TAX TAX COLLECTION TAX COLLECTIONS TAX REGIME TOTAL IMPORT TRADE GROWTH TRADING TRADING VOLUME TRANSPARENCY TRUST FUND WEIGHTS WHEAT WHEAT FLOUR WORLD FOOD PROGRAMME WORLD MARKET |
| spellingShingle |
ACCESS TO INFORMATION ACCOUNT DEFICITS ACCOUNTING ADMINISTERED PRICE ADMINISTERED PRICES ADVANCED ECONOMIES AGRICULTURAL COMMODITIES AGRICULTURE ANNUAL GROWTH ASSET QUALITY AUCTION AVERAGE EXCHANGE RATE BALANCE OF PAYMENTS BALANCE SHEETS BANK BORROWING BANK FINANCING BANK SUPERVISION BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BENEFICIARIES BID BILL BROAD MONEY BUDGET DEFICIT BUFFER CAPITAL ADEQUACY CAPITAL GOODS CAPITAL MARKET CASH TRANSFER CENTRAL BANK CHEMICAL INDUSTRIES COLLATERAL COMMERCIAL BANKS COMMERCIAL INVESTMENT COMMODITY PRICES COMPETITIVENESS CONSUMER GOODS CONSUMPTION EXPENDITURE CONTINGENT LIABILITIES CREDIT FLOWS CREDIT MARKETS CREDIT RISK CURRENT ACCOUNT CURRENT ACCOUNT SURPLUS CUSTOMS DUTIES CUSTOMS DUTY DEFAULTS DEFICITS DEMAND GROWTH DEPOSIT DEPOSITS DEPRECIATION DISBURSEMENTS DISPUTE RESOLUTION DOMESTIC BORROWING DOMESTIC INSTITUTIONAL INVESTORS DRAG ON GROWTH ECONOMIC DEVELOPMENTS ECONOMIC GROWTH EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EQUILIBRIUM EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATE FLEXIBILITY EXCHANGE RATE VOLATILITY EXPENDITURE EXPENDITURES EXPORT EARNINGS EXPORT GROWTH EXPORT MARKET EXTERNAL DEMAND EXTERNAL FINANCING EXTERNAL PRESSURES EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL POLICIES FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FLEXIBLE EXCHANGE RATES FOOD CONSUMPTION FOOD DISTRIBUTION FOOD GRAINS FOOD IMPORTS FOOD PLANNING FOOD PRICE FOOD PRICES FOOD SECURITY FOOD SUPPLIES FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN INVESTORS FRAUD GLOBAL DEMAND GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT SECURITIES GRAIN PRODUCTION GROWTH RATES HIGH INFLATION HOLDING HOUSEHOLD INCOME IMPORT IMPORT GROWTH INCOME TAX INFLATION INFLATION DIFFERENTIAL INTEREST RATE INTEREST RATE CAPS INTEREST RATE FLEXIBILITY INTEREST RATE SPREAD INTEREST RATE SPREADS INTEREST RATES INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL PRICE INTERNATIONAL PRICES INTERNATIONAL RESERVES INVENTORY INVESTMENT RATE INVESTOR CONFIDENCE LABOR FORCE LABOR MARKET LIGHT INDUSTRY LIQUIDITY LIQUIDITY CRISIS LIQUIDITY RISK LIQUIDITY SUPPORT LOAN LOAN QUALITY LOAN RECOVERY LOCAL GOVERNMENTS LOCAL MARKET MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MARKET DIVERSIFICATION MARKET FORCES MARKET PRICES MARKET RISK MARKET RISKS MARKET SHARE MARKET VOLATILITY MOBILE PHONE MONETARY CONDITIONS MONETARY FUND MONETARY POLICY MONETARY PROGRAM MONETARY TARGETS NATIONAL SAVING NATURAL DISASTER NATURAL DISASTERS NOMINAL EXCHANGE RATE NOMINAL WAGES OIL PRICE OIL PRICES OPEN MARKET PADDY PETROLEUM PRICE PETROLEUM PRODUCTS POLITICAL INSTABILITY POLITICAL UNCERTAINTY PORTFOLIO POVERTY REDUCTION PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE LEVEL PRICE TRENDS PRICE VOLATILITY PRIMARY COMMODITIES PRIMARY DEALER PRIMARY DEALERS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PUBLIC ASSETS PUBLIC INVESTMENT PUBLIC STOCK REAL EFFECTIVE EXCHANGE RATE REAL EXCHANGE RATE REINVESTMENT REMITTANCE REMITTANCES RESERVE RESERVE MONEY RESERVES RETAIL PRICE SAFETY NET SAFETY NETS SECURITIES SHORTFALL SHORTFALLS SLOWDOWN SOVEREIGN BONDS SOYBEAN STRUCTURAL REFORMS SUPERVISION OF BANKS SUPPLIER SUPPLIERS SUPPLY CONSTRAINTS SUPPLY SHOCKS SUPPLY SIDE T-BILLS TARIFF INCREASE TAX TAX COLLECTION TAX COLLECTIONS TAX REGIME TOTAL IMPORT TRADE GROWTH TRADING TRADING VOLUME TRANSPARENCY TRUST FUND WEIGHTS WHEAT WHEAT FLOUR WORLD FOOD PROGRAMME WORLD MARKET World Bank Bangladesh Economic Update, October 2012 |
| geographic_facet |
South Asia Bangladesh |
| description |
Despite an unfavourable global economy,
economic growth in Bangladesh is projected at close to 6
percent in fiscal 2013 (FY13). Adverse external demand and
domestic supply constraints continue to be a drag on growth.
Shortfalls in exports and investments due to a possible
protracted crisis in the euro area and internal supply
constraints may underpin the moderation of growth.
Investment targets of the medium term budget framework 2013
to 2017 face major obstacles in shortage of electricity and
gas supplies, and poorly functioning roads and ports. One
positive prospect on the investment front is the increase in
foreign direct investment in FY12, which surpassed the US$ 1
billion for the second time in Bangladesh's history.
Fiscal policy is back on track. Fiscal performance in FY12
was favourable, notwithstanding increasing subsidies. The
overall budget deficit in FY12 is estimated at 4.5 percent
of Gross Domestic Product (GDP). Domestic financing of the
deficit declined to 3.2 percent of GDP, from 3.5 percent in
FY11. Lower government borrowing from the banking system in
the second half of FY12 was a welcome reversal from worrying
trends in the first half of the year. The FY13 budget
deficit target 5 percent of GDP is modest, though higher
than the estimated 4.5 percent of FY12, and is likely to be
undershot primarily because of a shortfall in the
implementation of the ambitious Tk 550 billion annual
development programs, by now a familiar pattern. However,
the financing of the deficit may be a challenge with a
projected US$2.2 billion net external financing need,
substantially more than the $1.4 billion of the revised FY12
budget. The rest of the deficit is projected to be financed
from domestic sources, with a still heavy 69 percent
reliance on bank borrowing. Bangladesh's economic
outlook is subject to several near-term risks. Possible
intensification of the euro area crisis may deepen
Bangladesh's export slump of the last six months;
escalation of global food prices may reverse the recent
decline in food inflation; global oil price shock will place
the balance of payments under pressure again and shrink
fiscal space; banks are susceptible to credit and market
risk and the global economic vulnerabilities; and increased
political instability and labour unrest may depress
investments further. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Bangladesh Economic Update, October 2012 |
| title_short |
Bangladesh Economic Update, October 2012 |
| title_full |
Bangladesh Economic Update, October 2012 |
| title_fullStr |
Bangladesh Economic Update, October 2012 |
| title_full_unstemmed |
Bangladesh Economic Update, October 2012 |
| title_sort |
bangladesh economic update, october 2012 |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/708261468207262384/Bangladesh-economic-update http://hdl.handle.net/10986/27068 |
| _version_ |
1764463384196022272 |
| spelling |
okr-10986-270682021-04-23T14:04:39Z Bangladesh Economic Update, October 2012 World Bank ACCESS TO INFORMATION ACCOUNT DEFICITS ACCOUNTING ADMINISTERED PRICE ADMINISTERED PRICES ADVANCED ECONOMIES AGRICULTURAL COMMODITIES AGRICULTURE ANNUAL GROWTH ASSET QUALITY AUCTION AVERAGE EXCHANGE RATE BALANCE OF PAYMENTS BALANCE SHEETS BANK BORROWING BANK FINANCING BANK SUPERVISION BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BENEFICIARIES BID BILL BROAD MONEY BUDGET DEFICIT BUFFER CAPITAL ADEQUACY CAPITAL GOODS CAPITAL MARKET CASH TRANSFER CENTRAL BANK CHEMICAL INDUSTRIES COLLATERAL COMMERCIAL BANKS COMMERCIAL INVESTMENT COMMODITY PRICES COMPETITIVENESS CONSUMER GOODS CONSUMPTION EXPENDITURE CONTINGENT LIABILITIES CREDIT FLOWS CREDIT MARKETS CREDIT RISK CURRENT ACCOUNT CURRENT ACCOUNT SURPLUS CUSTOMS DUTIES CUSTOMS DUTY DEFAULTS DEFICITS DEMAND GROWTH DEPOSIT DEPOSITS DEPRECIATION DISBURSEMENTS DISPUTE RESOLUTION DOMESTIC BORROWING DOMESTIC INSTITUTIONAL INVESTORS DRAG ON GROWTH ECONOMIC DEVELOPMENTS ECONOMIC GROWTH EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EQUILIBRIUM EQUIPMENT EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATE FLEXIBILITY EXCHANGE RATE VOLATILITY EXPENDITURE EXPENDITURES EXPORT EARNINGS EXPORT GROWTH EXPORT MARKET EXTERNAL DEMAND EXTERNAL FINANCING EXTERNAL PRESSURES EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL POLICIES FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FLEXIBLE EXCHANGE RATES FOOD CONSUMPTION FOOD DISTRIBUTION FOOD GRAINS FOOD IMPORTS FOOD PLANNING FOOD PRICE FOOD PRICES FOOD SECURITY FOOD SUPPLIES FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN INVESTORS FRAUD GLOBAL DEMAND GLOBAL ECONOMY GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT SECURITIES GRAIN PRODUCTION GROWTH RATES HIGH INFLATION HOLDING HOUSEHOLD INCOME IMPORT IMPORT GROWTH INCOME TAX INFLATION INFLATION DIFFERENTIAL INTEREST RATE INTEREST RATE CAPS INTEREST RATE FLEXIBILITY INTEREST RATE SPREAD INTEREST RATE SPREADS INTEREST RATES INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL PRICE INTERNATIONAL PRICES INTERNATIONAL RESERVES INVENTORY INVESTMENT RATE INVESTOR CONFIDENCE LABOR FORCE LABOR MARKET LIGHT INDUSTRY LIQUIDITY LIQUIDITY CRISIS LIQUIDITY RISK LIQUIDITY SUPPORT LOAN LOAN QUALITY LOAN RECOVERY LOCAL GOVERNMENTS LOCAL MARKET MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MARKET DIVERSIFICATION MARKET FORCES MARKET PRICES MARKET RISK MARKET RISKS MARKET SHARE MARKET VOLATILITY MOBILE PHONE MONETARY CONDITIONS MONETARY FUND MONETARY POLICY MONETARY PROGRAM MONETARY TARGETS NATIONAL SAVING NATURAL DISASTER NATURAL DISASTERS NOMINAL EXCHANGE RATE NOMINAL WAGES OIL PRICE OIL PRICES OPEN MARKET PADDY PETROLEUM PRICE PETROLEUM PRODUCTS POLITICAL INSTABILITY POLITICAL UNCERTAINTY PORTFOLIO POVERTY REDUCTION PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE LEVEL PRICE TRENDS PRICE VOLATILITY PRIMARY COMMODITIES PRIMARY DEALER PRIMARY DEALERS PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PUBLIC ASSETS PUBLIC INVESTMENT PUBLIC STOCK REAL EFFECTIVE EXCHANGE RATE REAL EXCHANGE RATE REINVESTMENT REMITTANCE REMITTANCES RESERVE RESERVE MONEY RESERVES RETAIL PRICE SAFETY NET SAFETY NETS SECURITIES SHORTFALL SHORTFALLS SLOWDOWN SOVEREIGN BONDS SOYBEAN STRUCTURAL REFORMS SUPERVISION OF BANKS SUPPLIER SUPPLIERS SUPPLY CONSTRAINTS SUPPLY SHOCKS SUPPLY SIDE T-BILLS TARIFF INCREASE TAX TAX COLLECTION TAX COLLECTIONS TAX REGIME TOTAL IMPORT TRADE GROWTH TRADING TRADING VOLUME TRANSPARENCY TRUST FUND WEIGHTS WHEAT WHEAT FLOUR WORLD FOOD PROGRAMME WORLD MARKET Despite an unfavourable global economy, economic growth in Bangladesh is projected at close to 6 percent in fiscal 2013 (FY13). Adverse external demand and domestic supply constraints continue to be a drag on growth. Shortfalls in exports and investments due to a possible protracted crisis in the euro area and internal supply constraints may underpin the moderation of growth. Investment targets of the medium term budget framework 2013 to 2017 face major obstacles in shortage of electricity and gas supplies, and poorly functioning roads and ports. One positive prospect on the investment front is the increase in foreign direct investment in FY12, which surpassed the US$ 1 billion for the second time in Bangladesh's history. Fiscal policy is back on track. Fiscal performance in FY12 was favourable, notwithstanding increasing subsidies. The overall budget deficit in FY12 is estimated at 4.5 percent of Gross Domestic Product (GDP). Domestic financing of the deficit declined to 3.2 percent of GDP, from 3.5 percent in FY11. Lower government borrowing from the banking system in the second half of FY12 was a welcome reversal from worrying trends in the first half of the year. The FY13 budget deficit target 5 percent of GDP is modest, though higher than the estimated 4.5 percent of FY12, and is likely to be undershot primarily because of a shortfall in the implementation of the ambitious Tk 550 billion annual development programs, by now a familiar pattern. However, the financing of the deficit may be a challenge with a projected US$2.2 billion net external financing need, substantially more than the $1.4 billion of the revised FY12 budget. The rest of the deficit is projected to be financed from domestic sources, with a still heavy 69 percent reliance on bank borrowing. Bangladesh's economic outlook is subject to several near-term risks. Possible intensification of the euro area crisis may deepen Bangladesh's export slump of the last six months; escalation of global food prices may reverse the recent decline in food inflation; global oil price shock will place the balance of payments under pressure again and shrink fiscal space; banks are susceptible to credit and market risk and the global economic vulnerabilities; and increased political instability and labour unrest may depress investments further. 2017-06-13T15:23:59Z 2017-06-13T15:23:59Z 2012-10 Report http://documents.worldbank.org/curated/en/708261468207262384/Bangladesh-economic-update http://hdl.handle.net/10986/27068 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Bangladesh |