Navigating the global financial storm: challenges for Bangladesh

Technical report

Mujeri, Mustafa K. and Shahiduzzaman, Md.. 2008. Navigating the global financial storm: challenges for Bangladesh. Dhaka, Bangladesh. Bangladesh Bank.
Title

Navigating the global financial storm: challenges for Bangladesh

Report TypeTechnical report
AuthorsMujeri, Mustafa K. (Author) and Shahiduzzaman, Md. (Author)
Institution of OriginBangladesh Bank
Number of Pages33
SeriesPolicy Paper
Year2008
PublisherBangladesh Bank
Place of PublicationDhaka, Bangladesh
Web Address (URL)http://www.bb.org.bd/pub/research/policypaper/policypaperlist.php
Abstract

The Bangladesh economy is largely shielded from the most immediate and direct effects of the financial crisis. However, Bangladesh's exposure to real economy effects of the financial crisis is likely to be greater through exports, remittances, and foreign capital inflow channels. The major sources are the projected slowdown in growth in the advanced economies which may lead to decline in exports (especially of readymade garments) since nearly 87 percent of Bangladesh's exports are destined to markets in advanced countries, remittances may ease as the source economies face
lower growth and challenging times, aid inflow may reduce, and Bangladesh's macroeconomic stability and growth prospects may suffer.

A liberalized, market based, and effectively supervised and regulated financial sector capable of generating quality information is necessary in order to promote and sustain rapid growth in Bangladesh. The important agenda for Bangladesh is to convert the current global crisis into an
opportunity in order to move forward.

Keywordsfinancial crisis; global growth; economics; Bangladesh
ANZSRC Field of Research 2020380119. Welfare economics
350208. Investment and risk management
380107. Financial economics
Public Notes

Copyright © 2010 by Bangladesh Bank.

Byline AffiliationsBangladesh Bank, Bangladesh
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