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Bangladesh Development Update : Tertiary Education and Job Skills (English)

Bangladesh economic expansion continued in FY19, supported by rising exports and record remittances. Inflation remained within the 5.5 percent target, supported by bumper rice harvests. Broad money growth increased marginally. Private sector credit growth was weak and bank liquidity remains constrained. Non-performing loans continued to rise in the banking sector. The current account deficit declined with higher export and lower import growth. Bangladesh Bank interventions moderated the depreciation of the taka against the US dollar, but the real effective exchange rate appreciated. The fiscal deficit has reached 4.6 percent of GDP as expenditure increased and revenue collection remained below target. Recent tax policy adjustments are likely to constrain revenue growth in the near term, while additional subsidies will increase recurrent expenditure. Sustaining growth will require momentum on the reform agenda to address challenges in the business climate, public investment management, revenue mobilization, and the resolution of fragile banks. Economic transformation will require development of new skills in the workforce. Tertiary educational institutions can support this agenda if quality, relevance, and access challenges are addressed.

Details

  • Author

    Haven,Bernard James, Khan,Nazmus Sadat, Hussain,Zahid, Alam,Afroza, Shahriar,Shegufta

  • Document Date

    2019/10/01

  • Document Type

    Working Paper

  • Report Number

    142479

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Bangladesh,

  • Region

    South Asia,

  • Disclosure Date

    2019/10/10

  • Disclosure Status

    Disclosed

  • Doc Name

    Bangladesh Development Update : Tertiary Education and Job Skills

  • Keywords

    human resource development fund; inflation; information and communication technology; Technical and Vocational Education; universal access to primary education; Foreign Exchange Reserve; real effective exchange rate; people with special need; reliance on bank borrowing; change in employment; small and medium enterprise; access to tertiary education; public investment in infrastructure; current account deficit; remittance; external current account deficit; allocation of government funding; higher level of education; Private Investment in Education; university and college graduate; net profit after tax; gross fixed capital; risk-weighted asset; quality of higher education; gross fixed capital formation; total factor productivity growth; macroeconomic stability and growth; Cost of Doing Business; real exchange rate appreciation; income generating activity; income-generating activity; Primary and Secondary Education; private sector credit; educational institution; global economic prospect; fiscal deficit; broad money; Exchange Rates; professional development opportunities; quality and relevance; risk of debt; balance of payment; state-owned banks; trade and services; budget target; tertiary graduate; skill development; lending rate; public debt; polytechnic graduates; private commercial bank; Learning Management System; loss of competitiveness; global supply chain; percent inflation; domestic credit growth; foreign exchange market; tax administration reform; quality of teaching; public investment expenditure; world development; national skill development; professional development training; expenditure by sector; low income group; foreign exchange intervention; private financial institution; public investment management; stock market volatility; external public debt; gender wage gap; special economic zone; tertiary education sector; change in technology; tertiary education management; tax policy change; monetary policy; soft skills; external financing; university graduate; cognitive skill; domestic financing; banking sector; student loan scheme; literacy and numeracy; infant mortality rate; domestic demand growth; primary fiscal deficit; intellectual property law; human capital accumulation; stock of debt; transmission and distribution; introduction of tax; budget for education; trade policy reform; competing interest group; public wage bill; high public debt; debt sustainability analysis; student learn outcome; labor market surveys; foreign portfolio investment; public sector borrowing; net foreign asset; banking sector liquidity; bank deposit growth; weak corporate governance; labor market outcome; tier 1 capital; domestic capital market; initial public offering; errors and omission; payment for service; increase in remittance; foreign direct investment; partnership with industry; financial sector risk; tax on imports; natural gas import; higher interest payments; movement of labor; nuclear power plant; commodity price support; tertiary education qualification; state-owned enterprise; expansion of trade; trade and investment; lower oil price; total public debt; external debt indicator; labour market outcome; quality of learning; effluent treatment facility; investment in capital; higher education sector; collaboration in research; global financial sector; limited administrative capacity; consumption tax rate; Research and Innovation; recent studies show; collapse of demand; export promotion; general education system; tertiary education institution; production and export; skill training programs; agricultural growth fell; quality assurance cells; higher education institution; corporate tax rate; total agricultural production; working age population; accreditation of program; tax policy reform; monetary policy autonomy; highly qualified teacher; private credit growth; public sector bank; bank credit growth; central regulatory body; secondary school graduate; teacher selection; liquefied natural gas; Private Sector Growth

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Citation

Haven,Bernard James Khan,Nazmus Sadat Hussain,Zahid Alam,Afroza Shahriar,Shegufta

Bangladesh Development Update : Tertiary Education and Job Skills (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/898311570637318738/Bangladesh-Development-Update-Tertiary-Education-and-Job-Skills