DOCSLIB.ORG

Sustained Development Progress

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sustained Development Progress Bangladeshww Development Update Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized October 2016 BANGLADESH DEVELOPMENT UPDATE Sustained Development Progress October 2016 The World Bank Office, Dhaka Plot E-32, Agargaon Sher-e-Bangla Nagar Dhaka – 1207, Bangladesh Tel.: (880-2) 5566-7777 Fax: (880-2) 5566-7778 www.worldbank.org/bd Standard Disclaimer: This volume is a product of the staff of the International Bank for Reconstruction and Development/ The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Copyright Statement: The material in this publication is copyrighted. Copying and/or transmitting ions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750-8400, fax 978-750-4470, http://www.copyright.com/. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA, fax 202-522-2422, e-mail [email protected]. Photo Credits: Cover: ©The World Bank, 2016 Printed in Bangladesh Sustained Development Progress Bangladesh Development Update Preface The objective of this report is to update the Government of Bangladesh, think tanks and researchers, the general public as well as the Bank’s senior management on the state of the economy, outlook, risks, progress on structural policy reforms and key challenges the economy is currently facing. The coverage includes developments in the real sector focusing on growth, inflation, and poverty; external sector developments focusing on the balance of payments, foreign exchange reserves and the exchange rate; fiscal developments focusing on revenue mobilization, public expenditures, and deficit financing; financial sector developments focusing on credit and interest rates; and monetary developments focusing on reserve money and broad money growth trends. This update also focuses on introducing carbon taxation in Bangladesh. This report was prepared by a team comprising of Zahid Hussain (Lead Economist), Simon Davies (Senior Economist), Sheikh Tanjeb Islam (Economist), Nobuo Yoshida (Senior Economist), Monica Yanez Pagans (Economist) and Afroza Alam (Research Analyst). Valuable contributions were made by Christain Eigen Zucci (Program Leader). Deepak K. Mishra (Lead Economist) provided extremely useful comments. Maura K. Leary (Senior Communications Officer) provided editorial support. Shubham Chaudhuri (Practice Manager) and Benu Bidani (Practice Manager) provided overall guidance in the preparation of this report. Mehar Akhter Khan (Program Assistant) and Subah Sabiha Mohona (Research Analyst) provided research support and formatted the document. Abbreviations and Acronyms ADB Asian Development Bank ICP International Comparison Program ADP Annual Development Plan ICT Information And Communications Technology BB Bangladesh Bank IMED Implementation Monitoring Evaluation Division BBS Bangladesh Bureau of Statistics INDC Intended Nationally Determined Contributions BERC Bangladesh Energy Regulatory Commission IPL International Poverty Line BHEL Bharat Heavy Electricals Limited ISO independent system operator BIFPCL Bangladesh-India Friendship Power Ltd. KSA Kingdom of Saudi Arabia Company BPC Bangladesh Petroleum Corporation LIBOR London Interbank Offered Rate BSTI Bangladesh Standards and Testing Institution LNG Liquefied Natural Gas CD Customs Duty LPG Liquefied Petroleum Gas CNG Compressed Natural Gas LPI Logistics Performance Index COP21 Conference of the Parties in Paris in 2015 LPL Lower Poverty Line DMRTD Dhaka Mass Rapid Transit Development MDGs Millennium Development Goals Project DNCC Dhaka North City Corporation MPS Monetary Policy Statement DSE Dhaka Stock Exchange MW Megawatts EBA Everything But Arms MH Million Hectares ECNEC Executive Committee of the National MMT Million Metric Tons Economic Council EEBL Excelerate Energy Bangladesh Limited MSTPP Moitri Super Thermal Power Project EMDEs Emerging Market Developing Economies MUSCCFPP MW Ultra-Super Critical Coal- Fired Power Project EPB Export Promotion Bureau MW Megawatts EU European Union NBR National Board of Revenue FAO Food and Agriculture Organization NDC Nationally Determined Contribution FBCCI Federation of Bangladesh Chamber of NER Nominal Exchange Rate Commerce and Industries FDI Foreign Direct Investment NPL Nonperforming Loan FY Fiscal Year NPR Nominal Protection Rate GBP British Pound PBRL Padma Bridge Rail Link GCC Gulf Cooperation Council GDP Gross Domestic Product GNI Gross National Income GSM Global System for Mobile communication Sustained Development Progress Bangladesh Development Update PD T-Bill Treasury bill Project Director PMB TFP Total Factor Productivity Padma Multipurpose Bridge PPF Project Preparatory Fund Tk Taka PPP Purchasing Power Parity TPP Trans-Pacific Partnership RD Regulatory Duty UAE United Arab Emirates RMG Ready-Made Garments UK United Kingdom RNPP Nuclear Power Plant USA United States of America ROA Return on Assets USD United States Dollar SCBs State Owned Commercial Banks USDA United States Department of Agriculture SD Supplementary Duty VAT Value Added Tax SDG Sustainable Development Goals WDI World Development Indicators SR Saudi Riyal WTO World Trade Organization Table of Contents EXECUTIVE SUMMARY ................................................................................................... IX A. TRENDS IN POVERTY AND SHARED PROSPERITY ................................................ 1 B. RECENT ECONOMIC DEVELOPMENTS .................................................................... 7 C. STRUCTURAL REFORMS ............................................................................................. 29 D. OUTLOOK ....................................................................................................................... 33 E. CHALLENGES AND POLICY RESPONSES ................................................................ 41 F. A CARBON TAX FOR BANGLADESH? ........................................................................ 47 ANNEX-1: .............................................................................................................................. 52 APPENDIX ............................................................................................................................ 53 LIST OF FIGURES Figure 1: Proportion of people living on less than $1.90 per day and population of the poor ........................... 2 Figure 2: Comparisons of poverty rates with other countries .................................................................................. 4 Figure 3: Private and Public Investment Growth Rates .......................................................................................... 12 Figure 4: Stock of FDI by Sector (end of December, 2015) .................................................................................. 12 Figure 5: Exports and RMG growth: .......................................................................................................................... 14 Figure 6: Remittance Growth ...................................................................................................................................... 15 Figure 7: Inflation .......................................................................................................................................................... 18 Figure 8: Rural and Urban Inflation ........................................................................................................................... 18 Figure 9: Current Account Balance ............................................................................................................................. 19 Figure 10: Real Effective Exchange Rate ................................................................................................................... 19 Figure 11: Lending & Deposit Rate ............................................................................................................................ 21 Figure 12: ADP Implementation ................................................................................................................................. 26 LIST OF TABLES Table 1: Comparison of poverty lines for 2010 in Bangladeshi taka and poverty rates ....................................... 3 Table 2: Growth Rate Needed to End Extreme Poverty .......................................................................................... 5 Table 3: GDP Growth ...................................................................................................................................................
Load more

Recommended publications
  • Bangladesh June 2017
    Eradicating poverty and promoting prosperity in a changing world Voluntary National Review (VNR), 2017 Government of the People’s Republic of Bangladesh June 2017 "Let us together create a world that can eradicate poverty, hunger, war and human sufferings and achieve global peace and security for the well-being of humanity." Father of the Nation Bangabandhu Sheikh Mujibur Rahman at the UNGA in 1974 ii Foreword I am happy to learn that a Voluntary National Review (VNR) report on SDGs has been prepared for presenting at the High Level Political Forum (HLPF) in New York in July 2017. Bangladesh is among the 44 countries to present VNR report on the two-year progress of SDGs implementation. Bangladesh today is a shining example of a development miracle. During the last 8 and half years, Bangladesh’s socio-economic condition has changed substantially. We have earned international acclamations for our tremendous success in MDGs implementation, particularly in the areas of poverty alleviation, food security, primary school enrolment, gender parity in primary and secondary level education, infant and under-five mortality rate, maternal mortality ratio, immunization coverage, and reduction of communicable diseases. We are on right track to become a middle-income country by 2021 and a developed one by 2041. We are committed to redoubling our efforts to achieve SDGs targets. We have taken some concrete initiatives in this regard. The SDGs priorities have adequately been reflected in our medium-term development outline, the Seventh Five Year Plan (2016-2020), which came out almost simultaneously with SDGs declaration. The Plan integrates well the SDGs within the broader agenda of the economic, social and environmental development of the country.
    [Show full text]
  • EIA Access Road
    Table of Contents 1 INTRODUCTION ........................................................................................................... 1 1.1 Background of the Project ....................................................................................... 1 1.2 Rationale of the Project ........................................................................................... 3 1.3 Objectives of the EIA Study .................................................................................... 3 1.4 Scope of the Study.................................................................................................. 3 1.5 Approach and Methodology .................................................................................... 4 1.6 Structure of the Report ............................................................................................ 5 2 POLICY, LEGAL AND ADMINISTRATIVE FRAMEWORK ............................................. 6 2.1 Provision under National Law and By-laws ............................................................. 6 2.1.1 Provisions under the Environmental Legislations ............................................. 6 2.1.2 Compliance with DOE’s EIA Guidelines ........................................................... 7 2.1.3 Compliance under the National Laws ............................................................... 9 2.2 Policy Guidance .................................................................................................... 11 2.3 International Legal Obligations .............................................................................
    [Show full text]
  • Annual Report : Year 2019-2020
    ANNUAL REPORT 2019-2020 Premier Cement Mills Limited Avgiv cgÖ v‡Y wekv^ mx 001 Premier Cement Mills Limited Annual Report 2019-2020 General Information (2-64) 4 Virtual AGM Attendance Procedure 5 Letter of Transmittal 6 Media Highlight 8 History Created by Premier Cement 11 Highlights of Mujib Borsho 12 19 years of Glorious Journey 14 Highlights of Covid-19 15 Core highlights for the year 2019-20 at a Glance 16 Core Financial Highlights (Consolidated), 2020 18 Notice of 18th Annual General Meeting (English) 19 Notice of 18th Annual General Meeting (Bangla) 20 About us 22 Shareholding Position 23 Ethos & Values 25 Organization & Management Structure 26 Corporate Information 28 Corporate structure 30 Five years Consolidated Financial Highlight 33 Message from the Chairman 36 Message from the Chairman (Bangla) 38 Managing Director’s Statement 41 Managing Director’s Statement (Bangla) 43 Report of Management Committee 49 Our Products 50 Code of Conduct and Ethical Standards 52 Chairman’s and Directors’ Profile 57 Advisory Profile 58 Profiles of Management Committee 61 Awards and Recognition 64 Corporate Social Responsibilities WHAT’S INSIDE? Premier Cement Mills Limited 002 Annual Report 2019-2020 Corporate Governance (68-111) 69 Report of the Board of Directors 78 Report of the Board of Directors (Bangla) Annexures: 83 i. PCML’s Statement of Corporate Governance: 90 ii. Audit Committee Report 91 iii. Report of the Nomination and Remoneration Committe 93 iv. Directors’ Declaration 94 v. Declaration of CEO And CFO’s 95 vi. Certificate on Corporate Governance Code 96 vii. Certificate of Bangladesh Association of Publicly Listed Companies 97 viii.
    [Show full text]
  • Preparatory Survey for Energy Efficiency and Conservation Promotion Financing Project
    People’s Republic of Bangladesh Sustainable and Renewable Energy Development Authority (SREDA) Power Division, Ministry of Power, Energy and Mineral Resources (MPEMR) Infrastructure Development Company Limited (IDCOL) Bangladesh Infrastructure Finance Fund Limited (BIFFL) People’s Republic of Bangladesh Preparatory Survey for Energy Efficiency and Conservation Promotion Financing Project Final Report February 2016 Japan International Cooperation Agency Mitsubishi Research Institute, Inc. 4R JR (先) 16-009 People’s Republic of Bangladesh Preparatory Survey for Energy Efficiency and Conservation Promotion Financing Project Final Report February 2016 Japan International Cooperation Agency “PREPARATORY SURVEY FOR ENERGY EFFICIENCY AND CONSERVATION PROMOTION FINANCING PROJECT” <Final Report> Prepared for: JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) SUSTAINABLE AND RENEWABLE ENERGY DEVELOPMENT AUTHORITY (SREDA) POWER DIVISION, MINISTRY OF POWER, ENERGY AND MINERAL RESOURCES (MPEMR) INFRASTRUCTURE DEVELOPMENT COMPANY LIMITED (IDCOL) BANGLADESH INFRASTRUCTURE FINANCE FUND LIMITED (BIFFL) Prepared by: MITSUBISHI RESEARH INSTITUTE, INC. February 2016 Executive Summary 1. Overview of the Preparatory Survey This Survey aims to elaborate on the specifications of the ODA loan project (the Project) for promotion of EE&C measures to be conducted through concessional loan scheme. Overview of the Project to be formulated through the Survey is as follows: Project Name “Energy Efficiency and Conservation Promotion Financing Project” in Bangladesh (Thereafter referred to as the “Project” or “JICA-EEF Project”) Objective of the Project The objective of the Project is to promote EE&C measures, and to facilitate installation of EE&C equipment in Bangladesh as well as to assist the GoB’s policy to realize Renewable Energy and EE&C promotion by extending concessional loans and other support for implementing the Project, thereby inducing the stability of the energy supply and demand and contributing to the mitigation of climate change.
    [Show full text]
  • MGI Newsletter English 10.5''X15''
    Issue 01 || Volume 01 QUARTERLY NEWSLETTER New Product Launch Employees First TOP NEWS INSIDE Awards & Achievements Quiz Questions Successful Campaigns Get to Know EDITORIAL EDITORS’ NOTE EDITORIAL TEAM Dear readers and reviewers of 'Breaking Advisory Board Boundaries' Tanveer Mostafa It gives me immense pleasure to welcome Kazi Md. Mohiuddin you to the first edition of Breaking Boundaries. Firstly, a huge amount of heartfelt appreciation is due to everyone Project Manager who has successfully breathed life into Faisal Rahman this collective dream- especially Tanveer Elora Majumder Mostafa (Director), Kazi Md. Mohiuddin (Sr. GM, Brand), the Corporate Brand Team and the In-house Design Team. Creative and Graphic Without your immense support, none of Md. Habibullah Al Habib this would have been possible. The entire Monsorul Alam newsletter is the outcome of months of efforts by all. Coordinator Let’s get a quick idea of the whole journey. Md. Omar Faruque Our cover page will give you an idea of the Chowdhury Md Tanim major events that we have conducted, and Istiack Rashid going further to this- you will explore how it has impacted our organization. Furthermore, we have talked about our Contributors new product developments, launches, Sadia Islam Ema innovations, along with some positive Mukim Hasan initiatives that MGI has taken and participated in. This will be a good Masab Nur Rahman opportunity for you to learn about our Najirun Khan Pathan Raihan massive organization just by glancing Rumana Afrose properly on a few pages. Sunjeeda Parvin The last part is dedicated especially to all Fahim Bin Najib our colleagues. It includes segments of all Tanvir Wahid Lashker the hidden talents that we have and also Apurbo Islam Mashuk contains an interesting section where our employees get to participate directly by answering a few questions.
    [Show full text]
  • Securing Space and Access for Marginalized Fishing Communities in an Industrialized Ocean: How Bangladesh Is Going to Experience It?
    Securing Space and Access for Marginalized Fishing Communities in an Industrialized Ocean: How Bangladesh is going to experience it? A Research Paper presented by: Peerzadi Farzana Hossain (Bangladesh) in partial fulfilment of the requirements for obtaining the degree of MASTER OF ARTS IN DEVELOPMENT STUDIES Major: Agrarian, Food and Environmental Studies (AFES) Specialization: Environment and Sustainable Development Members of the Examining Committee: Murat Arsel, PhD Christina Sathyamala, PhD The Hague, The Netherlands December 2020 ii Contents List of Tables v List of Figures v List of Maps v List of Appendices v List of Acronyms vi Abstract viii Chapter 1 Introduction 1 1.1 Background of Bangladesh’s blue economy 1 1.2 Competing interpretations of blue economy 2 1.3 Small-scale commercial fishing units of Bangladesh 4 1.3.1 Characteristics of fishing fleets and units 4 1.3.2 Organization of small-scale commercial units 5 1.3.3 Why small-scale commercial fishing units? 7 1.3.4 Regulatory framework for marine fisheries 7 1.4 Research Problem Statement 8 1.5 Research questions 9 1.6 Analytical framework 9 Chapter 2 Methodology 11 2.1 Literature review 11 2.2 Individual interviews 12 2.3 Group interviews 12 2.5 Description of field site 13 2.6 Positionality, reflexivity and limitations 14 2.7 Scope and challenges 15 Chapter 3 Findings on blue economy narratives 17 3.1 ‘Blue economy’ in the context of Bangladesh 17 3.2 Quantitative validation from literature 19 3.3 Experts’ reflection on blue economy trajectories and concerns 22 3.3.1
    [Show full text]
  • A Path to Renewable Energy from the Energy Crisis in Bangladesh
    Journal of Engineering Research and Reports 11(2): 6-19, 2020; Article no.JERR.55315 ISSN: 2582-2926 A Path to Renewable Energy from the Energy Crisis in Bangladesh Zafrin Ahmed Liza1, Hajera Akhter2, Md. Shahibuzzaman1 and Mohammad Rakibul Islam3* 1Department of Anthropology, Shahjalal University of Science and Technology (SUST), Sylhet-3114, Bangladesh. 2Department of Political Science, Shahjalal University of Science and Technology (SUST), Sylhet-3114, Bangladesh. 3Department of Electrical and Electronic Engineering, Islamic University of Technology (IUT), Gazipur-1704, Bangladesh. Authors’ contributions This work was carried out in collaboration among all authors. Author ZAL designed the study, managed the literature searches, organized different sections and wrote the social impact part, authors HA and MS wrote the first draft of the manuscript and author MRI performed the technical analysis part. All authors read and approved the final manuscript. Article Information DOI: 10.9734/JERR/2020/v11i217055 Editor(s): (1) Dr. Felipe Silva Semaan, Federal University, Brazil. Reviewers: (1) Bankole Adebanji, Ekiti State University, Nigeria. (2) Wen-Yeau Chang, St. John’s University, Taiwan. (3) Guy Clarence Semassou, University of Abomey-Calavi, Benin. (4) Alfred Ba’amani Ba’ams, Modibbo Adama University of Technology, Nigeria. Complete Peer review History: http://www.sdiarticle4.com/review-history/55315 Received 06 January 2020 Original Research Article Accepted 11 March 2020 Published 20 March 2020 ABSTRACT Bangladesh is facing a tremendous energy crisis and the economic development of this country was jeopardized due to the lack of energy resources. Due to the progression of technology, the consumption of power is rising gradually. Adequate and consistent source of electricity is a key requirement for a constant and successful economic development.
    [Show full text]
  • State of the Bangladesh Economy in FY2015 and the Closure of Sixth Five Year Plan
    DRAFT State of the Bangladesh Economy in FY2015 and the Closure of Sixth Five Year Plan Released to the media on 1 June 2015 www.cpd.org.bd Contents SECTION 1. INTRODUCTION .............................................................................................................................................................. 5 SECTION 2. MACROECONOMIC MANAGEMENT IN FY2015 AND OUTLOOK FOR FY2016 ................................... 6 SECTION 3. RECENT DYNAMICS OF RICE ECONOMY IN BANGLADESH ..................................................................... 31 SECTION 4. ASSESSMENT OF PROGRESS OF FAST TRACK PROJECTS ........................................................................ 41 SECTION 5. ANALYSIS OF IMPLEMENTATION OF THE SIXTH FIVE YEAR PLAN (SFYP): EXAMINING THE BENCHMARK CONDITION FOR FY2016 .................................................................................................................................... 62 REFERENCES .......................................................................................................................................................................................... 85 ANNEXURE .............................................................................................................................................................................................. 88 CPD (2015): State of the Bangladesh Economy in FY2015 2 CPD IRBD 2015 Team Professor Mustafizur Rahman, Executive Director, CPD and Dr Debapriya Bhattacharya, Distinguished Fellow, CPD were in overall
    [Show full text]
  • Budget Speech 2021-2022
    Bangladesh Towards a Resilient Future Protecting Lives And Livelihoods National Budget Speech 2021-2022 A H M Mustafa Kamal FCA, MP Minister Ministry of Finance Government of the People’s Republic of Bangladesh 20 Jaisthya 1428 03 June 2021 ii Table of Content Topic Page Chapter I Tribute Profound Respect and Gratitude to the Father of the Nation 1-2 Bangabandhu Sheikh Mujibur Rahman and all the martyrs in the independence war Chapter II Birth Centenary of Sheikh Mujib and the Golden Jubilee of Independence Celebration of the Birth Centenary of Bangabandhu Sheikh 3-14 Mujib and the Golden Jubilee of Independence; the position of Bangladesh in the field of economy Chapter III Graduating to the status of a developing country and the journey onward Bangladesh becomes eligibile for graduation into a 15-20 developing country; Post-graduation challenges as a developing country; Strategies to deal with the post- graduation situation Chapter IV COVID-19 Pandemic and Economic Recovery The impact of COVID-19 pandemic in Bangladesh; 21-25 implementation of fiscal packages for economic recovery from COVID-19 impact; Assistance from Development Partners to combat COVID-19 impact. Chapter V Perspective and Background: Global Economy and Bangladesh Global economic forecasts amid the COVID-19 pandemic; 26-28 Current economic position and the image of Bangladesh i Topic Page Chapter VI The Supplementary Budget The Supplementary Budget for the current FY 2020-2021; 29-30 Revised Revenue Income and Revised Expenditure; Revised Budget Deficit and its Financing
    [Show full text]
  • BANGLADESH DEVELOPMENT UPDATE Sustained Development Progress
    Bangladeshww Development Update Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized October 2016 BANGLADESH DEVELOPMENT UPDATE Sustained Development Progress October 2016 The World Bank Office, Dhaka Plot E-32, Agargaon Sher-e-Bangla Nagar Dhaka – 1207, Bangladesh Tel.: (880-2) 5566-7777 Fax: (880-2) 5566-7778 www.worldbank.org/bd Standard Disclaimer: This volume is a product of the staff of the International Bank for Reconstruction and Development/ The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Copyright Statement: The material in this publication is copyrighted. Copying and/or transmitting ions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750-8400, fax 978-750-4470, http://www.copyright.com/. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA, fax 202-522-2422, e-mail [email protected].
    [Show full text]
  • China's Belt and Road Initiative in South Asia
    Mitsui & Co. Global Strategic Studies Institute Monthly Report April 2019 CHINA’S BELT AND ROAD INITIATIVE IN SOUTH ASIA – STRENGTHS AND ISSUES OF CHINESE ECONOMIC COOPERATION SEEN IN BANGLADESH – Takuma Yatsui Asia, China & Oceania Dept., Global Economic & Political Studies Div. Mitsui & Co. Global Strategic Studies Institute SUMMARY While China has previously had limited influence in Bangladesh for historical and geopolitical reasons, it has recently been increasing its presence in the country in the power and the financial and digital infrastructure sectors. The strength of Chinese economic cooperation lies in its ability to provide support that meets the needs of emerging countries, coupled with its financial capabilities and cost competitiveness in infrastructure development projects. On the other hand, there are also several issues, including slow progress in execution of promised projects, and ballooning costs after contracts have been signed. For Japanese companies, it is necessary to seek collaboration with China, as well as with India, in Bangladesh, based on the objective evaluation of the strengths and issues surrounding China’s economic cooperation. While China’s influence is growing in South Asian countries around India, such as Pakistan, Sri Lanka, and Myanmar, for historical and geopolitical reasons, it has a relatively small presence in Bangladesh, a growing market with a population of 160 million. However, Chinese influence in Bangladesh has recently been gradually growing. This report focuses on Bangladesh as a means of analyzing China’s overseas expansion and explores China’s Belt and Road initiative in South Asia, the strengths and the issues surrounding Chinese economic cooperation in emerging countries, and the potential for Japan-China cooperation in a third country.
    [Show full text]
  • Election Manifesto 2018
    Allah is Great Joy Bangla Joy Bangabandhu Bangladesh on the march towards Prosperity Election Manifesto 2018 Bangladesh Awami League Election Manifesto 2018 Bangladesh on the march towards Prosperity 11th National Parliament Election-2018 Election Manifesto of Bangladesh Awami League Bangladesh Awami League Election Manifesto 2018 CONTENTS 1.0 Our Special Undertakings 5 2.0 Background 6 2.1 Glorious Five Years (June 1996-July 2001): 8 The Golden Period of fulfilling the aspirations of Freedom 2.2 BNP-Jamaat Alliance government (October 2001 to 10 November 2006): People’s resistance against plunder, misrule and violence 2.3 The regime of Caretaker government: Conspiracy against 12 Democracy and Way to overcome 2.4 The Awami League Tenure (January 2009-December 2013): 13 Transcending Crises and March towards a New Dawn 2.5 Awami League Tenure (January 2014 - December 2018): 15 Bangladesh – a Miracle on the path of Development and Prosperity 3.0 Running the Government on two Terms: Success and 17 Achievements in (2009-2018): Objectives and Plan for the next Five Years (2019-2023) 3.1 Democracy, Election and Functional Parliament 17 3.2 The Rule of Law and Human Rights Protection 18 3.3 Efficient, Service-oriented and Accountable Administration 20 3.4 Developing a Citizen-friendly Law and Order Enforcing Agency 21 3.5 Policy of Zero-Tolerance against Corruption 22 3.6 Violence, Terrorism, Communalism and 23 Eradication of Drugs 3.7 Local Government: Empowerment of the People 24 3.8 Macroeconomy: High Income, Sustainable and 26 Inclusive
    [Show full text]