Bangladesh Recent Economic Developments

Recent economic and financial developments in Bangladesh were greatly marked by the massive floods. Although the floods were an important contributing factor, a continuing slump in world export prices-together with the entrenched weaknesses in the management of the government-owned Bangladesh Jute M...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2000, 2000
Series:IMF Staff Country Reports; Country Report
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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520 |a Recent economic and financial developments in Bangladesh were greatly marked by the massive floods. Although the floods were an important contributing factor, a continuing slump in world export prices-together with the entrenched weaknesses in the management of the government-owned Bangladesh Jute Mills Corporation-severely compressed profitability, undermined output performance, and increased the jute sector's overdue bank loans. In the energy and power sector, the government's reform efforts have focused on restoring the profitability of existing operations and encouraging private investment in power generation