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Bangladesh Economic Update, April 2011
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Accounting.
- Agricultural Sector.
- Banking Sector.
- Commercial Banks.
- Commodity Prices.
- Corruption.
- Debt Markets.
- Developing Countries.
- Economic Forecasting.
- Economic Growth.
- Expenditures.
- Finance and Financial Sector Development.
- Financial Institutions.
- Fiscal & Monetary Policy.
- Food Security.
- Food Subsidies.
- Global Economy.
- Inflation.
- Insurance.
- Interest Rates.
- Investment Climate.
- Macroeconomics and Economic Growth.
- Microcredit.
- Microfinance Institutions.
- Migrant Workers.
- Monetary Policy.
- Private Investment.
- Public Debt.
- Public Investment.
- Public-Private Partnerships.
- Regulators.
- Remittances.
- Savings.
- Sovereign Debt.
- Sugar.
- Telecommunications.
- Transparency.
- Urban Areas.
- Wheat.
- Local Subjects:
- Access to Finance.
- Accounting.
- Agricultural Sector.
- Banking Sector.
- Commercial Banks.
- Commodity Prices.
- Corruption.
- Debt Markets.
- Developing Countries.
- Economic Forecasting.
- Economic Growth.
- Expenditures.
- Finance and Financial Sector Development.
- Financial Institutions.
- Fiscal & Monetary Policy.
- Food Security.
- Food Subsidies.
- Global Economy.
- Inflation.
- Insurance.
- Interest Rates.
- Investment Climate.
- Macroeconomics and Economic Growth.
- Microcredit.
- Microfinance Institutions.
- Migrant Workers.
- Monetary Policy.
- Private Investment.
- Public Debt.
- Public Investment.
- Public-Private Partnerships.
- Regulators.
- Remittances.
- Savings.
- Sovereign Debt.
- Sugar.
- Telecommunications.
- Transparency.
- Urban Areas.
- Wheat.
- Place of Publication:
- Washington, D.C. : The World Bank, 2011.
- System Details:
- data file
- 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.
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