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Bangladesh’s competitiveness in trade is eroding for factors such as higher import taxes and non-tariff barriers, excessive dependence on readymade garments, and the delays facing exporters while complying with border and documentary requirements, said the World Bank recently.
Should the Bangladesh economy grow at 6.5 percent this fiscal year as per the government’s projection, it would be defying the forecasts of multilateral lenders like the World Bank and the Asian Development Bank.
ISLAMABAD: Projecting a massive decline in GDP growth to 0.4 percent, the World Bank warns that the non-completion of IMF programme, failure to secure financing from key bilateral partners and...
The World Bank today said Bangladesh's GDP would grow by 5.2 per cent in the current financial year, unchanged from its January forecast, as elevated inflation, tighter financial conditions, disruptive import restrictions, and global economic uncertainty keep hurting the economy.
The rising risk of a global growth recession would exert downward pressure on Bangladesh’s exports, said the World Bank today.