This update introduces Bangladesh's new poverty numbers at $1.90 per capita per day in 2011 purchasing power parity (PPP) prices, followed by an account of recent economic development, the outlook, risks, and policy responses. The revised poverty rates are significantly lower, but follow the same downward historical trend seen when using the 2005 international extreme poverty line. Bangladesh can bring its extreme poverty rate down to nearly zero by 2030 either by accelerating GDP growth to 9 percent per year, or by maintaining its recent growth rate while taking steps to make growth more inclusive. Bangladesh is on track to sustaining its recent 6 plus percent growth in the near and medium-term, driven by exports and strong domestic demand. Security, financial and trade shocks are the main risks. The policy challenges are to boost productivity and private investment by reforming business regulations, addressing infrastructure and energy deficits and increasing the efficiency of financial intermediation. A special policy focus in this report is on introducing carbon taxation.
Details
-
Author
Hussain,Zahid, Davies,Simon, Islam,Sheikh Tanjeb, Yoshida,Nobuo, Yanez Pagans,Monica, Alam,Afroza, Zucci, Christain Eigen, Mishra,Deepak K., Leary,Maura K., Chaudhuri,Shubham, Bidani,Benu, Khan,Mehar Akhter, Mohona,Sabiha Subah
-
Document Date
2016/10/01
-
Document Type
Working Paper
-
Report Number
108745
-
Volume No
1
-
Total Volume(s)
1
-
Country
-
Region
-
Disclosure Date
2016/10/05
-
Disclosure Status
Disclosed
-
Doc Name
Bangladesh development update : sustained development progress
-
Keywords
extreme poverty;information and communication technology;extreme poverty line;management of foreign exchange reserves;excessive use of water;alternative dispute resolution mechanism;international poverty line;per capita consumption growth;real effective exchange rate;resolution of business dispute;balance of payment indicator;public sector wage;bangladeshi taka;private investment rate;price of good;independent system operator;consumption per capita;extreme poverty rates;financial intermediation;education and health;electricity and gas;
- See More
Downloads
COMPLETE REPORT
Official version of document (may contain signatures, etc)
- Official PDF
- TXT*
- Total Downloads** :
- Download Stats
-
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.
Citation
Hussain,Zahid Davies,Simon Islam,Sheikh Tanjeb Yoshida,Nobuo Yanez Pagans,Monica Alam,Afroza Zucci, Christain Eigen Mishra,Deepak K. Leary,Maura K. Chaudhuri,Shubham Bidani,Benu Khan,Mehar Akhter Mohona,Sabiha Subah
Bangladesh development update : sustained development progress (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/579721475673660627/Bangladesh-development-update-sustained-development-progress