Bangladesh: Recent Economic Developments
International Monetary Fund, Mar 6, 2000 - Business & Economics - 79 pages
Recent economic and financial developments in Bangladesh were greatly marked by the massive floods. Although the floods were an important contributing factor, a continuing slump in world export prices—together with the entrenched weaknesses in the management of the government-owned Bangladesh Jute Mills Corporation—severely compressed profitability, undermined output performance, and increased the jute sector’s overdue bank loans. In the energy and power sector, the government’s reform efforts have focused on restoring the profitability of existing operations and encouraging private investment in power generation.
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40 percent adjustment ADP spending agriculture Asian Development Bank assets average balance of payments Bangladash Bureau Bangladesh Bank bank credit banking system billion borrowing budget target Bureau of statics capital account Central Government commercial banks current account current expenditures current transfers customs duty deficit Effective envisaged EPZs export external debt external sector fiscal floods food imports foodgrain foreign Fund staff estimates government’s Gross Domestic Product growth rate increase industries inflation inflows interest rates International Monetary Fund investment Islamic banking jute labor millions of U.S. monetary NCBs October official estimate official reserves output overall overdue pay scale percent of GDP percent of total percentage points post-flood private sector Public Enterprises recent reflect pre-flood remittances revenue rose share significantly SOEs Source specialized banks Statistics subsidies Table 32 tariff rates textile tons total ADP trade treasury bills U.S. dollars wage workers World Bank