The Bangladesh economy continues to face multiple challenges. Persistently high international commodity and food prices and global uncertainties have amplified macroeconomic vulnerabilities. A sudden reversal of the financial account intensified pressures on foreign exchange reserves and the exchange rate, calling for a reinvigoration of the reform momentum.
- Format
- Paper
- Frequency
- regular
- ISBN
- 9798400281433
- ISSN
- 1934-7685
- Pages
- 118
- Published in
- United States of America
- Series
- Country Report No. 2024/186
- StockNumber
- 1BGDEA2024001
Table of Contents
- Bangladesh - 2024 Second Review Under the ECF-EFF-RSF - Final Press Release 2
- FOR IMMEDIATE RELEASE 2
- Bangladesh - 2024 Second Review Under the ECF-EFF-RSF - Staff Report 6
- Acronyms 10
- Context 12
- RECENT DEVELOPMENTS, OUTLOOK AND RISKS 12
- A. Recent Developments 12
- B. Outlook and Risks 14
- Program performance 16
- Policy Discussion 17
- A. Fiscal Policy 17
- B. Monetary and Exchange Rate Policies 19
- C. Financial Sector Policies 20
- D. Macro-Structural Policies 22
- E. Climate Change Policies 23
- program Modalities and other Program issues 25
- Staff appraisal 27
- A. Context 57
- B. Recent Macroeconomic Development and Outlook 57
- C. Program Performance 58
- D. Policy Framework 59
- A. Fiscal Policy 59
- B. Monetary and Exchange Rate Policy 63
- C. Financial Sector Reforms 65
- D. Governance and Anti-Corruption Reforms 68
- E. Climate Change Policy 68
- F. Statistics 70
- G. Program Monitoring 70
- Quantitative Performance Criteria and Indicative Targets 75
- Institutional Definitions 76
- Monetary Aggregates 77
- Reserve Money of the Bangladesh Bank—Indicative Target 77
- Net International Reserves of Bangladesh Bank—Quantitative Performance Criterion 78
- Fiscal Aggregates 79
- Primary Balance 79
- Tax Revenue 80
- Priority Social Spending 80
- Development Capital Investment 81
- External Payment Arrears 81
- Bangladesh - 2024 Second Review Under the ECF-EFF-RSF - DSA 87
- A. Debt Coverage 88
- B. Developments on Debt 88
- C. Macroeconomic and Financing Assumptions 92
- D. Country Classification and Determination of Scenario Stress Tests 95
- E. External Debt Sustainability 96
- F. Public Debt Sustainability 97
- G. Assessment 97
- H. Authorities Views 98
- Bangladesh - 2024 Second Review Under the ECF-EFF-RSF - WB Assessment Letter 107
- A. Country Vulnerability to Climate Change, Including Human, Social and Economic Costs 107
- B. Government Policies and Commitments—Adaptation and Priority Areas to Strengthen Resilience 108
- C. Government Policies and Commitments—Mitigation and Priority Areas to Reduce GHG Emissions 109
- D. Other Challenges 110
- E. World Bank Engagement in the Area of Climate Change 111
- Bangladesh - 2024 Second Reviews Under the ECF-EFF-RSF - BUFF 113
- 6. After the January 2024 national elections, domestic political uncertainty has diminished, and the country is set for policy continuity to provide impetus to the development agenda envisaged under Vision 2041. With due recognition of various challen... 114
