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support Bangladesh’s development strategy. Bangladesh’s revenue as a share of GDP is currently 8.2 percent of GDP (FY23), among the lowest in the world and significantly below peers. Critical public investments in energy, transportation, municipal infrastructure, and human capital development are significantly constrained by the very
Global unrest, climate change and growing numbers of refugees are blurring the lines between development and humanitarian response. Migration to cities is causing societal changes; technology is creating both opportunities and division; and the financing landscape is going through a tectonic shift.
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Is Bangladesh's revenue enough to meet its development needs?
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How can Bangladesh sustain growth?
Mar 1, 2023 · Bangladesh has made remarkable progress in many areas, but three strategic development choices it has made over the decades have reaped great rewards: investing in people, empowering women, and disaster preparedness and adapting to climate change.
- Axel Van Trotsenburg
Apr 11, 2024 · Development priorities include diversifying exports beyond the RMG sector; resolving financial sector vulnerabilities; making urbanization more sustainable and strengthening public institutions, including fiscal reforms to generate more domestic revenue for development.
Oct 2, 2023 · Released today, the latest Bangladesh Development Update - New Frontiers in Poverty Reduction says that reforms to address inflation, through monetary and fiscal policies, as well as financial sector vulnerabilities will be critical for the country to sustain growth and poverty reduction.
Sep 12, 2023 · After several decades of sustained progress, Bangladesh is looking to step up its economic model to ensure sustainable and smooth graduation from the least developed country (LDC) status – with support from UNCTAD and its global partners.
Domestic production meets 98% of the country’s needs. However, to sustain such achievements, Bangladesh needs to continue diversifying its production structure and exports, tackle its vulnerability to natural disasters and reduce its exposure to fluctuations in global commodity markets.
