World Bank's Projects Strengthening Bangladesh Finance and Economy

Bangladesh finance and economy can stay stable with over 6 percent value growth within the next 2 years once most of the countries together with close Asian nation can see a lag, as per the World Bank (WB) international Economy Prospects (GEP) 2012, discharged in Washington Wed, reports BSS.

The report shows that the finance and economy in Bangladesh this year would grow by 6.1 per cent once Asian nation would have a lag with 6 per cent growth, lower from last year's  7 per cent.

In South Asia, Bangladesh can have over 6 per cent growth solely when Sri Lanka wherever the gross domestic product (GDP) this year are going to be 6.8 per cent. Asian country can have 4  per cent and Asian country 3.5 per cent growth this year, the report aforesaid.

The report any aforesaid the value growth would ease up coming year to six point three per cent in Bangladesh, 7.5 per cent in Asian nation, 7.7 per cent in Sri Lanka, 4.2 per cent in Asian country and 3.8 per cent in Asian country.

"Following a spirited 9.1 per cent rate of growth in 2010, real value growth in South Asia decelerated to AN calculable 6.6 per cent in 2011, with a pointy fall-off evident in industrial production and trade late within the year," the report aforesaid.

The World Bank report noted that the regional growth exceeded the long-run average of 6.0 per cent, reflective higher than trend activity in Bangladesh, Asian nation and Sri Lanka. It additionally found out some risks and vulnerabilities, that need special attention to accelerate growth.

In this report, the weber counseled financial  consolidation through bigger revenue mobilisation and expenditure rationalisation to shield vital social programmes.

"Expanding the drivers of growth additionally holds potential," the report aforesaid and prompt pursue new sources of growth in each domestic and external markets, which can embrace that specialize in export growth toward quicker growing rising markets, in addition as internal market enhancements through structural and governance reforms.

"Such actions would facilitate boost export demand, facilitate raise investment, give higher jobs and generate an atmosphere for additional comprehensive growth," it added.

Projecting lower international growth which might be 3.4 per cent in 2012 and 4.0 in 2013, the World Bank suggested developing countries to guage their vulnerabilities and indurate facing any shocks, whereas there's still time.