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International Monetary Fund. Asia and Pacific Dept
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. Implementing sound macro-financial policies, intensifying revenue mobilization, improving the business environment, ensuring trade liberalization, and improving governance and accountability are top priorities. Actions should be sequenced according to these priorities. Severe external shocks could reignite macroeconomic pressures and undermine socioeconomic targets.
International Monetary Fund. African Dept.
Poverty Reduction Strategy Papers are prepared by member countries in broad consultation with stakeholders and development partners, including the staffs of the World Bank and the IMF. Updated with annual progress reports, they describe the countries macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. This country document for Bangladesh is being available on the IMF website by agreement of the member country as a service to users of the IMF website.
International Monetary Fund. African Dept.
Bangladesh’s second Poverty Reduction Strategy Paper -- “Steps Towards Change: National Strategy for Accelerated Poverty Reduction II (NSAPR II)” – provides a framework for implementing the government’s agenda during FY09-FY11. First prepared by a Caretaker government,1 the NSAPR II was later revised by the current elected government to reflect its priorities. The NSAPR II outlines five strategic priorities and describes the supporting strategies to achieve them. This Joint Staff Advisory Note (JSAN) provides feedback on priority areas for strengthening the NSAPR II and its implementation.
International Monetary Fund
Bangladesh is reducing poverty and making headway toward meeting its MDGs. However, political considerations are exerting an increasing influence on economic policy decisions. The overall fiscal balance has been kept below budget and program targets, notwithstanding sizable revenue slippages. Monetary policy has been gradually tightened, and the exchange rate has stabilized in recent months, but further monetary tightening is needed. Quantitative performance criteria for the fifth review were met with the exception of that for revenue collection.
International Monetary Fund
This Joint Staff Advisory Note provides IMF staff advice on key priorities for strengthening Bangladesh’s poverty reduction strategy (PRS) and for ensuring its effective implementation. It highlights key strengths of the PRS while bringing out some weaknesses of existing policies that may undermine successful implementation of the strategy. The note highlights that the strategic agenda of the National Strategy for Accelerated Poverty Reduction (NSAPR), built on the policy triangle of pro-poor growth, human development, and governance, is consistent with the challenge of accelerating growth and poverty reduction.
Gilles Nancy
and
Boriana Yontcheva
This paper studies the aid allocation of European nongovernmental organizations (NGOs). Once population is controlled for, poverty consistently appears as the main worldwide determinant of NGO aid allocation. NGOs do not respond to strategic considerations. Their funding source does not seem to exert a great influence on their aid allocation decision. We also find differences across regions. Militarization and the political nature of the regime of the recipient country affect aid allocation in the Middle East. Life expectancy influences aid allocation in countries in the Western Hemisphere and the Middle East.
International Monetary Fund
This paper reviews Bangladesh’s National Strategy for Accelerated Poverty Reduction (NSAPR). The main goal of Bangladesh’s Poverty Reduction Strategy is based on a vision for poverty reduction formed on the basis of the understanding of key issues of the present state of the economy. To fulfill the vision of poverty reduction, four strategic blocks are identified. These four blocks are enhancing pro-poor growth, boosting critical sectors for pro-poor economic growth, devising effective safety nets and targeted programs, and finally ensuring social development.
International Monetary Fund
This paper focuses on the National Strategy for Accelerated Poverty Reduction for Bangladesh. The paper discusses that accelerating growth and bringing a pro-poor orientation in the growth process would be achieved through emphasizing four priority areas: accelerated growth in rural areas and development of agriculture and nonfarm economic activities; small and medium manufacturing enterprises; rural electrification, roads, water supply and sanitation; and information and communication technologies. Moreover, there are critical follow-up issues, which will determine the success of the poverty reduction strategy.
International Monetary Fund
This paper presents the status report on Bangladesh’s Poverty Reduction Strategy Paper (PRSP). Having prepared the Interim-PRSP (I-PRSP) in March 2003, the government of Bangladesh has set itself to a well-rounded process of preparing the full-blown PRSP by December 2004. That would entail a time span of 21 months compared with the average time of about 26 months reported to have been required by the I-PRSP countries to complete their full PRSPs. The government adheres to the core principles of the PRSP that it should be country-driven, results-oriented, comprehensive in scope, partnership-oriented, and fully participatory in nature.
International Monetary Fund
This paper presents a status report on Bangladesh’s Poverty Reduction Strategy Paper. Prudent macroeconomic management has contributed to robust growth and moderate inflation. External conditions have improved with a significant buildup in international reserves. The exchange rate has remained competitive in real effective terms, and rigidities in interest rates have been reduced. The authorities have also pursued tax administration and banking reforms, with implementation broadly on track under the Poverty Reduction and Growth Facility program.