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Tuesday, November 13, 2012

Growth Report on Bangladesh, WB

World Bank, Dhaka office publishes its growth report 'Towards Accelerated, Inclusive and Sustainable Growth in Bangladesh'. The main points of the reports are as follows:

  • In spite of global shocks and natural crises, Bangladesh’s economy has maintained a healthy 6%-plus plus growth rate in past years and significantly reduced the number of absolute poor. 
  • Bangladesh now needs to accelerate GDP growth to 7.5% to 8% and sustain 8% remittance growth to reach its aspiration of middle-income country status by next decade. 
  • The distribution of economic opportunities across all population groups, and particularly those at the bottom, needs to improve in order to make middle-income country status meaningful.

World Bank link on the report.

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