Today, Dhaka is a dysfunctional megacity, an economic hub that has grown chaotically – outwards and upwards – to absorb more than 20 million people who live there, and hundreds of thousands more arriving each year.
Shares its assessment after conducting a staff visit to Dhaka starting April 25
The prospective loan programme of the International Monetary Fund will prime Bangladesh for graduation from the least-developed country bracket and reach middle-income country status by 2031, said the lender’s top official.
The World Bank yesterday delivered yet another bad news for the economy as the Washington-based multilateral lender pared back Bangladesh’s growth forecast for this fiscal year by 1.5 percent to 5.2 percent.
One could say the success story of Bangladesh’s economic development has been spectacular.
The government has trimmed its growth forecast for this fiscal year by a whole percentage point to 6.5 percent as the energy shortage and inflation dampened economic activities.
Bangladesh may witness slower economic growth in the coming future if it retains the consumption-led growth, which will also exacerbate the widening inequality, said a development economist yesterday.
The burden of imported inflation and supply-side implications of reduced imports will have adverse implications for economic growth and welfare, particularly of marginalised people.
Interventions must involve fiscal policy to address our fundamental economic issues
Today, Dhaka is a dysfunctional megacity, an economic hub that has grown chaotically – outwards and upwards – to absorb more than 20 million people who live there, and hundreds of thousands more arriving each year.
Shares its assessment after conducting a staff visit to Dhaka starting April 25
The prospective loan programme of the International Monetary Fund will prime Bangladesh for graduation from the least-developed country bracket and reach middle-income country status by 2031, said the lender’s top official.
The World Bank yesterday delivered yet another bad news for the economy as the Washington-based multilateral lender pared back Bangladesh’s growth forecast for this fiscal year by 1.5 percent to 5.2 percent.
One could say the success story of Bangladesh’s economic development has been spectacular.
The government has trimmed its growth forecast for this fiscal year by a whole percentage point to 6.5 percent as the energy shortage and inflation dampened economic activities.
Bangladesh may witness slower economic growth in the coming future if it retains the consumption-led growth, which will also exacerbate the widening inequality, said a development economist yesterday.
The burden of imported inflation and supply-side implications of reduced imports will have adverse implications for economic growth and welfare, particularly of marginalised people.
Interventions must involve fiscal policy to address our fundamental economic issues
Interventions must involve fiscal policy to address our fundamental economic issues