Bangladesh Economic Update, April 2011

The outlook for FY2011 has changed since the last macroeconomic update in October 2010.1 While gross development product (GDP) growths is still projected to be around 6.2 percent in FY11, inflationary pressures have strengthened and the external po...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCOUNTING ADVANCED ECONOMIES AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR BALANCE OF PAYMENTS BANK LENDING BANK POLICY BANKING SECTOR BANKING SYSTEM BASIS POINTS BENEFICIARIES BROAD MONEY BUDGET DEFICIT BUDGETARY ALLOCATION BUSINESS ASSOCIATIONS CASH RESERVE COMMERCIAL BANKS COMMODITY COMMODITY PRICES CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICES CONSUMPTION EXPENDITURE CONSUMPTION EXPENDITURES CORRUPTION CREDIT GROWTH CREDIT SOURCE CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT SURPLUS DATES DEMAND FOR FOOD DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOMESTIC MARKET ECONOMIC CRISIS ECONOMIC DEVELOPMENTS ECONOMIC PERFORMANCE EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT CREDITS EXPORT GROWTH EXPOSURE FAIR FAIR PRICE FINANCIAL ACCOUNT FINANCIAL INSTITUTIONS FISCAL DEFICIT FOOD DISTRIBUTION FOOD FOR WORK FOOD GRAINS FOOD IMPORTS FOOD PRICE FOOD PRICES FOOD RESOURCES FOOD SECURITY FOOD SUBSIDIES FOOD SUBSIDY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES FOREIGN INVESTORS FORMAL BANKING FROZEN FOOD GLOBAL ECONOMY GOOD FAITH GRAIN PRODUCTION GROWTH RATE GROWTH RATES HOUSEHOLDS HYPOTHECATIONS INCOME INFLATION INFLATION INDEX INFLATIONARY PRESSURES INFRASTRUCTURE FINANCE INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSURANCE INTEREST RATE INTEREST RATE CAP INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL MARKETS INVESTMENT CLIMATE ISSUANCE LIQUIDITY LOAN LOCAL MARKET MACROECONOMIC POLICY MERCHANT MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MIGRANT LABOR MIGRANT WORKERS MOBILE PHONE MONETARY POLICY MONEY GROWTH MONEY TRANSFER MUTUAL FUND NONPERFORMING LOANS OIL PRICES OPEN MARKET OUTPUT OVERDRAFT OVERDRAFT LOANS PHONE NETWORK PLEDGES POLICY RESPONSE POLICY RESPONSES PRICE INCREASE PRICE INCREASES PRICE TRENDS PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PUBLIC DEBT PUBLIC INVESTMENT PUBLIC STOCK PUBLIC STOCKS PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RATES OF INTEREST REFUGEE REGULATOR REGULATORS REGULATORY AUTHORITY REMITTANCE REMITTANCES REPAYMENT REPAYMENT PERIOD REPO REPO RATE REPO RATES RESERVE RESERVE REQUIREMENT RESERVES RETAIL RETAIL TRADE SALES SAVINGS SOVEREIGN DEBT STOCK EXCHANGE STOCK INDEX STOCK MARKET STOCK MARKET VOLATILITY STOCK PRICE STOCK TRADING STOCKS STORAGE CAPACITY SUGAR TAX TEA TELECOMMUNICATIONS TRANSPARENCY UNION URBAN AREAS VILLAGE VULNERABLE GROUP WHEAT
Online Access:	http://documents.worldbank.org/curated/en/771981468006879176/Bangladesh-economic-update http://hdl.handle.net/10986/27405

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Summary:	The outlook for FY2011 has changed since the last macroeconomic update in October 2010.1 While gross development product (GDP) growths is still projected to be around 6.2 percent in FY11, inflationary pressures have strengthened and the external position has weakened. Rising energy and food subsidies are placing a strain on the budget, but higher-than-anticipated revenues and lower-than-budgeted Annual Development Program expenditures leave sufficient fiscal space for the government to react to these pressures. Progress on reforms is mixed, with advances made on Value Added Tax reforms, efforts to tighten liquidity and setting up a framework for public-private partnership projects. Developments on telecommunication policy, the Anticorruption Commission, and policy responses to stock market volatility are a cause for concern. The growth outlook for FY12 remains good but there are risks that need to be contained. Short-term risks include rising food and fuel prices, deteriorating remittances, an increased reserve drawdown, a growing quasi-fiscal deficit, stock market volatility and its potential impact on the banking sector. Long-term risks include the inability to sufficiently alleviate power shortages, raise public investment, and remove bottlenecks for private investment.

Bangladesh Economic Update, April 2011

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