World Bank forecasts 7 percent growth
Posted: Thu Jul 10, 2025 5:52 am
The World Bank has forecast that Bangladesh's gross domestic product (GDP) growth will be 7 percent in the 2018-2019 fiscal year. This forecast of the World Bank is slightly higher than the growth of the last fiscal year.
The report on Bangladesh's development was released at the World Bank's Dhaka office in Agargaon in the capital. It said that the country's GDP growth will be 7 percent in the current fiscal year (2018-2019).
World Bank Chief Economist Dr. Zahid and World Bank Country Director for Bangladesh Chimiao Fan were present at the time.
The Asian Development Bank-ADB has forecast a GDP growth country email list of 7.5 percent in the current fiscal year. And according to data from the Bangladesh Bureau of Statistics (BBS), the country's GDP growth in the outgoing (2017-18) fiscal year was a record 7.86 percent.
World Bank Country Director Chimiao Fan said, GDP growth of 7.1, 7.2, 7.6 is not a debate, these are useless. We need to see where this group of GDP has an impact. Is unemployment being eliminated or not, poverty is being eliminated or not. Is sustainable development taking place or not. Is GDP growth having a positive impact on investment or not.
He said, the amount of defaulted loans in the country is increasing. It must be reduced. If defaulted loans increase, sustainable development will not take place.
World Bank Country Director Chimiao Fan said, Bangladesh is developing rapidly. Reform steps must be taken to maintain development. We must keep an eye on the growth in exports and remittances so that they do not decrease.
In response to a question, Chimiao Fan said, we must take care that the business environment does not deteriorate during the elections. No one will come to business in an uncertain environment. There must be a guarantee that the investment environment is there.
The World Bank report on defaulted loans states that the capital deficit of banks will increase due to this loan rescheduling. This will increase pressure on the budget. For this, reforms need to be brought in the financial sector. We need to pay attention to defaulted loans. At the moment, the amount of defaulted loans has increased to 10.4 percent.
World Bank Chief Economist Dr. Zahid said, we have made progress in power generation. But we need to see how the distribution system is, we need to improve it.
World Bank Chief Economist Dr. Zahid said, we need to ensure that the government's money is used properly in various mega projects. And we need to think about the projects, and find out what kind of economic benefits these projects will bring in the future.
Zahid said, for sustainable development, human resources need to be improved. Skills in IT need to be increased. Bank interest rates should be market-based. Revenue money needs to be spent qualitatively. Exports need to be diversified. Efficiency in power generation needs to be increased.
PRI Executive Director Ahsan H. Mansur said, "The bank's nine-six game should be abandoned. It is not right to say that it will give loans in single digits but practically it will not happen.
Former advisor to the caretaker government Dr. Hossain Zillur Rahman was also present at the time.
The report on Bangladesh's development was released at the World Bank's Dhaka office in Agargaon in the capital. It said that the country's GDP growth will be 7 percent in the current fiscal year (2018-2019).
World Bank Chief Economist Dr. Zahid and World Bank Country Director for Bangladesh Chimiao Fan were present at the time.
The Asian Development Bank-ADB has forecast a GDP growth country email list of 7.5 percent in the current fiscal year. And according to data from the Bangladesh Bureau of Statistics (BBS), the country's GDP growth in the outgoing (2017-18) fiscal year was a record 7.86 percent.
World Bank Country Director Chimiao Fan said, GDP growth of 7.1, 7.2, 7.6 is not a debate, these are useless. We need to see where this group of GDP has an impact. Is unemployment being eliminated or not, poverty is being eliminated or not. Is sustainable development taking place or not. Is GDP growth having a positive impact on investment or not.
He said, the amount of defaulted loans in the country is increasing. It must be reduced. If defaulted loans increase, sustainable development will not take place.
World Bank Country Director Chimiao Fan said, Bangladesh is developing rapidly. Reform steps must be taken to maintain development. We must keep an eye on the growth in exports and remittances so that they do not decrease.
In response to a question, Chimiao Fan said, we must take care that the business environment does not deteriorate during the elections. No one will come to business in an uncertain environment. There must be a guarantee that the investment environment is there.
The World Bank report on defaulted loans states that the capital deficit of banks will increase due to this loan rescheduling. This will increase pressure on the budget. For this, reforms need to be brought in the financial sector. We need to pay attention to defaulted loans. At the moment, the amount of defaulted loans has increased to 10.4 percent.
World Bank Chief Economist Dr. Zahid said, we have made progress in power generation. But we need to see how the distribution system is, we need to improve it.
World Bank Chief Economist Dr. Zahid said, we need to ensure that the government's money is used properly in various mega projects. And we need to think about the projects, and find out what kind of economic benefits these projects will bring in the future.
Zahid said, for sustainable development, human resources need to be improved. Skills in IT need to be increased. Bank interest rates should be market-based. Revenue money needs to be spent qualitatively. Exports need to be diversified. Efficiency in power generation needs to be increased.
PRI Executive Director Ahsan H. Mansur said, "The bank's nine-six game should be abandoned. It is not right to say that it will give loans in single digits but practically it will not happen.
Former advisor to the caretaker government Dr. Hossain Zillur Rahman was also present at the time.