Bangladesh Development Update, October 2015

Progress on reducing extreme poverty and
boosting shared prosperity need to be further enhanced in
the near-term by sustaining Gross Domestic Product (GDP) and
remittances growth, creating jobs, containing inflation, and
making progress on improving the quality of public service
delivery. Private investments need to increase significantly
to achieve the government’s 7 percent growth target for
FY16. Moving forward in the immediate future, stronger
attention is needed to (i) achieve safety and labor rights
compliance in the garment industry, (ii) complete the
critical ongoing road, electricity and gas development
projects, (iii) implement the Public Private Partnership
(PPP) law, (iv) improve the efficiency and solvency of the
banking sector through better banking supervision and
oversight by the Bangladesh Bank and corporate governance
reforms in public banks, and (v) provide access to serviced
land to domestic and foreign investors through the Special
Economic Zones (SEZs) initiative.