Bangladesh: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper

IMF Staff Country Reports, March 11, 2013

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Canonical URL: Bangladesh: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper

Executive Directors commend Bangladesh in addressing the major challenges to growth and poverty reduction.
The strategy is comprehensive and confronts the key issues impeding sustainable development and inclusive growth in Bangladesh.
Top priorities identified:
- Implementing sound macro-financial policies.
- Intensifying revenue mobilization.
- Improving the business environment.
- Ensuring trade liberalization.
- Improving governance and accountability.
Actions should be sequenced according to these priorities.
Risk scenario: Severe external shocks could reignite macroeconomic pressures and undermine socioeconomic targets.

Implement sound macro-financial policies to sustain stability and support growth.
Intensify revenue mobilization to finance development and social objectives.
Improve the business environment to encourage private-sector-led growth.
Ensure trade liberalization to support integration and competitiveness.
Strengthen governance and accountability to improve policy effectiveness and public service delivery.
Sequence reforms and actions in line with the priority areas above.

Severe external shocks present a material downside risk that could:
- Reignite macroeconomic pressures.
- Undermine socioeconomic targets embedded in the strategy.

Subjects listed: Development, Education, Expenditure, Poverty, Poverty reduction, Public investment and public-private partnerships (PPP), Urbanization.
Keywords include: Bangladesh's Sixth Five Year Plan, SFYP growth target, SFYP poverty target, SFYP risk, recognition of public-private partnership, private sector, government, government's SFYP, ISCR, CR, Global, policy, South Asia, Urbanization.

Source: Bangladesh: Joint Staff Advisory Note on the Poverty Reduction Strategy Paper, IMF Staff Country Reports (March 11, 2013).