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International Monetary Fund. Asia and Pacific Dept

The Sixth Five Year Plan, as outlined in Bangladesh's Poverty Reduction Strategy Paper, targets strategic growth and employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human resources development strategy programs reaching out to the poor and the vulnerable population, as well as environment, climate change, and disaster risk management, have been included in the plan. Managing regional disparities for shared growth and strategy for raising farm productivity and agricultural growth have been outlined. Diversifying exports and developing a dynamic manufacturing sector are all inclusive in the proposed plan.

Albert Waterston, David Williams, and Robert F. Skillings

• Singer, H. W., International Development: Growth and Change, New York, N.Y., U.S.A., McGraw-Hill Book Company, 1964, xiv + 295 pp., $7.50; • Bhagwati, Jagdish, The Economics of Underdeveloped Countries, New York, N.Y., U.S.A., McGraw-Hill Book Company, 1966, 254 pp., $2.45; • Birmingham, W., and A. G. Ford (Eds.), Planning and Growth in Rich and Poor Countries, New York, N.Y., U.S.A., Frederick A. Praeger, 1966, 267 pp., $7.50; • Horowitz, Irving Louis, Three Worlds of Development: The Theory and Practice of International Stratification, New York, N.Y., U.S.A., Oxford University Press, 1966, xiv + 475 pp., $8.50; • Fryer, D. W., World Economic Development, New York, N.Y., U.S.A., McGraw-Hill Book Company, 1965, xi + 627 pp., $8.95; • Scott, Andrew M., with William A. Lucas and Trudi M. Lucas, Simulation and National Development, New York, N.Y., U.S.A., John Wiley & Sons, Inc., 1966, ix + 177 pp., $5.95.

DENNIS ANDERSON

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

SAUD SIDDIQUE

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

International Monetary Fund. Western Hemisphere Dept.
This paper discusses three important sectors of Belize economy: financial, sugar market, and energy. Belize’s banking system has continued to strengthen since the 2014 Article IV Consultation in June 2014. Despite recent improvements, some banks’ balance sheets are still weak and exposed to adverse macroeconomic developments. The sugar sector makes a very important contribution to Belize’s economy. The sector is estimated to account for about 4-5 percent of GDP, 9-10 percent of total exports, 8 percent of employment, and 5-6 percent of foreign exchange earnings. But the reform of EU sugar regime, scheduled to take full effect in 2017, will most likely cause a significant drop in the EU sugar price.
Mr. Andrea Gamba
Jordan’s initiatives to reduce its energy dependency could have substantial macroeconomic implications, but will crucially depend on the level of international oil prices in the next decade. Significant uncertainties remain regarding the feasibility of the initiatives and their potential fiscal costs, including from contingent liabilities, could be very large. Given the lead time required for such major investments, work should start now on: (i) conducting comprehensive cost-benefits analysis of these projects; (ii) addressing the challenges arising from the taxation of natural resources; and (iii) designing a fiscal framework to anchor fiscal policies if revenue from these energy projects materializes.
David Love

This paper discusses the project financed by the World Bank for controlling the flow of the Chao Phya River in Thailand. Chao Phya is the lifestream of the Thai people. However, this river, and its principal tributaries are, in their natural state, capricious rivers. In the early 1950s, the World Bank began assisting the Thai government in a series of projects designed to break this ancient tyranny of the rivers’ violent changes. The paper describes how the river is being tamed for irrigation and navigation, and how they are providing electric power and other benefits.

International Monetary Fund. External Relations Dept.

IBRAHIM SAIF, former energy and mineral resources minister of Jordan, has been a vocal advocate for energy subsidy reform and for weaning his country off external sources of energy. In 2015, Saif helped craft Jordan’s Vision 2025, a 10-year blueprint for economic and social development that calls for raising the proportion of energy consumption met from local resources and increasing the share of renewables. Saif, who joined the Jordanian government at the tail end of the country’s massive energy subsidy reform, predicts that Jordan will be generating 20 percent of its energy through renewable sources by 2025.