Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills

Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills

Bangladesh economic expansion continued in FY19, supported by rising exports and record remittances. Inflation remained within the 5.5 percent target, supported by bumper rice harvests. Broad money growth increased marginally. Private sector credit...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Dhaka 2019
Subjects:
ECONOMIC GROWTH
ECONOMIC OUTLOOK
MONETARY POLICY
EXPORTS
FISCAL TRENDS
RISKS
TERTIARY EDUCATION
SKILLS DEVELOPMENT
SKILLS GAP
Online Access:http://documents.worldbank.org/curated/en/898311570637318738/Bangladesh-Development-Update-Tertiary-Education-and-Job-Skills
http://hdl.handle.net/10986/32533
id okr-10986-32533
recordtype oai_dc
spelling okr-10986-325332021-05-25T09:28:26Z Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK MONETARY POLICY EXPORTS FISCAL TRENDS RISKS TERTIARY EDUCATION SKILLS DEVELOPMENT SKILLS GAP Bangladesh economic expansion continued in FY19, supported by rising exports and record remittances. Inflation remained within the 5.5 percent target, supported by bumper rice harvests. Broad money growth increased marginally. Private sector credit growth was weak and bank liquidity remains constrained. Non-performing loans continued to rise in the banking sector. The current account deficit declined with higher export and lower import growth. Bangladesh Bank interventions moderated the depreciation of the taka against the US dollar, but the real effective exchange rate appreciated. The fiscal deficit has reached 4.6 percent of GDP as expenditure increased and revenue collection remained below target. Recent tax policy adjustments are likely to constrain revenue growth in the near term, while additional subsidies will increase recurrent expenditure. Sustaining growth will require momentum on the reform agenda to address challenges in the business climate, public investment management, revenue mobilization, and the resolution of fragile banks. Economic transformation will require development of new skills in the workforce. Tertiary educational institutions can support this agenda if quality, relevance, and access challenges are addressed. 2019-10-16T16:13:41Z 2019-10-16T16:13:41Z 2019-10-01 Report http://documents.worldbank.org/curated/en/898311570637318738/Bangladesh-Development-Update-Tertiary-Education-and-Job-Skills http://hdl.handle.net/10986/32533 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Dhaka 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
topic ECONOMIC GROWTH
ECONOMIC OUTLOOK
MONETARY POLICY
EXPORTS
FISCAL TRENDS
RISKS
TERTIARY EDUCATION
SKILLS DEVELOPMENT
SKILLS GAP
spellingShingle ECONOMIC GROWTH
ECONOMIC OUTLOOK
MONETARY POLICY
EXPORTS
FISCAL TRENDS
RISKS
TERTIARY EDUCATION
SKILLS DEVELOPMENT
SKILLS GAP
World Bank
Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills
geographic_facet South Asia
Bangladesh
description Bangladesh economic expansion continued in FY19, supported by rising exports and record remittances. Inflation remained within the 5.5 percent target, supported by bumper rice harvests. Broad money growth increased marginally. Private sector credit growth was weak and bank liquidity remains constrained. Non-performing loans continued to rise in the banking sector. The current account deficit declined with higher export and lower import growth. Bangladesh Bank interventions moderated the depreciation of the taka against the US dollar, but the real effective exchange rate appreciated. The fiscal deficit has reached 4.6 percent of GDP as expenditure increased and revenue collection remained below target. Recent tax policy adjustments are likely to constrain revenue growth in the near term, while additional subsidies will increase recurrent expenditure. Sustaining growth will require momentum on the reform agenda to address challenges in the business climate, public investment management, revenue mobilization, and the resolution of fragile banks. Economic transformation will require development of new skills in the workforce. Tertiary educational institutions can support this agenda if quality, relevance, and access challenges are addressed.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills
title_short Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills
title_full Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills
title_fullStr Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills
title_full_unstemmed Bangladesh Development Update, October 2019 : Tertiary Education and Job Skills
title_sort bangladesh development update, october 2019 : tertiary education and job skills
publisher World Bank, Dhaka
publishDate 2019
url http://documents.worldbank.org/curated/en/898311570637318738/Bangladesh-Development-Update-Tertiary-Education-and-Job-Skills
http://hdl.handle.net/10986/32533
_version_ 1764476741411143680

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