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In spite of higher score the ranking is not impressive for Bangladesh: GCR 2016-17

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Bangladesh has moved one notch upward in the global competitiveness ranking by securing 106th position among the 138 countries. However, Bangladesh is still an under performer in the ‘Basic Requirement’ sub index of the competitiveness. In terms of score, Bangladesh has received 3.80 out of 7 which is an increase …

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Implementation Capacity & Reforms Key to Realising National Budget FY2017

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The government needs to strengthen its institutional capacity and bring in necessary policy reforms to implement the national budget for FY2016-17. The scopes of investment from private sector needs to be encouraged and facilitated to source envisioned growth in the economy.. These views were shared at CPD media briefing on …

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Dearth of institutional capacity constraining higher economic growth

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The growth of the Bangladesh economy was strong and resilient throughout the FY2016 against a number of formidable challenges. Bangladesh will need to undertake the necessary policy reforms and institutional capacity development measures if the aspiration for higher economic growth is to be realised in the upcoming FY2017. Along with …

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Bangladesh Bank heist needs parliamentary hearing: Dr Debapriya

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Discussion on recent issue of Bangladesh Bank heist emerged from a Q&A session at CPD media briefing on Recommendations for the National Budget FY2016-17at the CIRDAP Auditorium, Dhaka, on Sunday, 17 April 2016. It was discussed that proper coordination and necessary measures needed for our national economic system to attain …

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Qualitative improvement of budgetary framework necessary for higher economic growth to sustain

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The gaps between fiscal projection and actual implementation are being widened every year. Between FY2009 and FY2016, the gaps have increased for almost all major components of the fiscal framework where the net foreign borrowing is the weakest, followed by ADP and revenue mobilisation. A qualitative improvement of fiscal and …

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CPD proposes a policy package to mitigate worrying signs in the economy

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The government needs to take advantage of the relative macroeconomic stability to stimulate private sector investment in FY2015-16. In view of this, CPD, in its report on State of the Bangladesh Economy in FY 2015-16 (First Reading) proposed a comprehensive policy package.   CPD released the aforesaid report to the media …

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Implementing SDGs in Bangladesh: Stress weaknesses with achievements

Bangladesh should build on its attainments and unfinished agenda as regards the Millennium Development Goals (MDGs) with particular emphasis on economic reformation, employment generation and governance for successful implementation of the Sustainable Development Goals (SDGs). Attainment of the SDGs would require a strong and effective institutional mechanism involving all stakeholders including …

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Broad-based reforms for rapid improvement of Bangladesh’s business competitiveness

  Bangladesh needs long-term investment and reform policies for financial sectors, governance and education with substantial human resource development as envisaged in the 7th Five-Year Plan in order to push the country beyond its plateauing competitiveness rankings. The observation emerged at a media briefing held at Brac Centre Inn, Dhaka …

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Budget FY2016: Financing structure of successive budgets becoming fragile

(left) Khondaker Golam Moazzem, Mustafizur Rahman, Debapriya Bhattacharya, Towfiqul Islam Khan and Anisatul Fatema Yousuf

The quality of fiscal planning is deteriorating over the last four years which is likely to continue while revenue collection targets set by the FY2016 budget may remain underachieved again. Budgeting in Bangladesh continues to lack benchmarks on progress, expansion and plans concerning various measures and initiatives from the earlier …

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CPD for economic reforms to achieve growth breakthrough beyond six pc

Bangladesh should take advantage of its current macroeconomic stability to drive economic and institutional reforms in order to break the stagnant 6 percent growth. In this regard, the seventh five-year plan, policy coherence, strengthened governance and quality of public expenditure will be critical for realising the growth and development targets …

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