WB Bangladesh Development Update
The Bangladesh Development Update, April 2016 notes that Bangladesh economy remained strong and resilient despite external and internal challenges. Bangladesh is among the top 12 developing countries with a population of over 20 million, who achieved 6 plus percent growth in 2016. By any standards, Bangladesh economy has done well. Bangladesh needs to focus on a growth agenda centered on sustainable and inclusive growth.
Stable macro-economy. Overall inflation declined from 6.5% in March 2015 to 5.65% in March 2016. Food inflation declined from 6.4% to 3.9%, thanks to a good rice harvest, declining international food prices and a stable exchange rate. However non-food inflation rose from
Creating more, better jobs BD’s top dev priority: WB Group
The World Bank Group has endorsed a new Country Partnership Framework (CPF) to help Bangladesh achieve its vision of reaching middle-income country status by 2021 from the current lower-middle income status.
According to a statement of the Washington-based lender received here on Wednesday, the CPF for 2016 to 2020 will help the country reduce poverty and boost shared prosperity, reports Xinhua.
The CPF, discussed by the Bank Group’s Board of Executive Directors, will help Bangladesh create more and better jobs for the 2.1 million youths entering the job market every year, it said.
Inflation picks up in March as food prices rise
Bangladesh’s annual inflation edged up in March, driven by an increase in the price of food items, the planning minister said on Tuesday.
Consumer prices in March were 5.65 percent higher than a year earlier, up from a rise of 5.62 percent in February when the figure hit a 41-month low, the minister, Mustafa Kamal, told a 
news conference.
Annual food inflation in March rose to 3.89 percent from 3.77 percent the previous month while non-food inflation decreased to 8.36 percent from 8.46 percent.
The governmen...
news conference.
Annual food inflation in March rose to 3.89 percent from 3.77 percent the previous month while non-food inflation decreased to 8.36 percent from 8.46 percent.
The governmen...
Forex reserves hit record $28.27b
Bangladesh’s foreign exchange reserves hit a record $28.27 billion at the end of March, the central bank said on Sunday, thanks to steady exports and slow import growth due to falling global commodities prices.
The reserves, sufficient to cover eight months’ worth of imports, were 22.6 percent higher than 
forexat the same period last year.
at the same period last year.
Rising garment exports and steady remittances from Bangladesh nationals working overseas, two mainstay revenue generators for the impoverished country ...
forexat the same period last year.
at the same period last year.
Rising garment exports and steady remittances from Bangladesh nationals working overseas, two mainstay revenue generators for the impoverished country ...
Key challenge to accelerate private investments in BD
Bangladesh has successfully come out from LDC to a lower middle income group. However, in order to be categorized as a middle income country by 2021, Bangladesh has to consistently maintain the status for the next six years. But without a solid industrial base, adequate infrastructure, un-interrupted power supply, exploration of natural resources (gas, coal etc.), skilled works force etc., it will be difficult to sustain the present growth rate or even achieve higher growth, said ICC Bangladesh President Mahbubur Rahman while he was presenting the Executive Board Report.
Bangladesh will require increasing GDP growth to 7.5 to 8 percent per year based on accelerated export and remittance growth. Both public and private investment will need to
ADB forecasts 6.7pc growth for 2015-16
Bangladesh’s growth for this fiscal will improve marginally and stand at 6.7 percent driven by apparel export and domestic consumption, Asian Development Bank forecast today.
The improvement will be 0.1 percent increase from the 6.6 percent growth recorded last fiscal.
Higher growth will be driven by readymade garment export and a resilient domestic consumption, said ADB’s country director for Bangladesh Kazuhiko Higuchi.
He was talking while launching ADB’s Annual Outlook Report 2016 at its Agargaon office in the capital, D...
Higher growth will be driven by readymade garment export and a resilient domestic consumption, said ADB’s country director for Bangladesh Kazuhiko Higuchi.
He was talking while launching ADB’s Annual Outlook Report 2016 at its Agargaon office in the capital, D...
