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GDP growth could be 5.7% this year: IMF

by endroar
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Meanwhile, another development-supporting World Bank said this month that Bangladesh may grow by 5.6 percent in the current fiscal year 2023-24. However, the government has set a growth target of 7.5 percent for the current financial year. According to the IMF and the World Bank, the growth targets set by the government will not be achievable. The World Bank also said that the GDP growth rate may increase slightly to 5.7 percent in the next financial year.

The World Bank believes that various reforms can bring back the previous trend of growth. For this, the currency exchange rate is based on the market; tightening monetary and fiscal policy; The agency recommended taking effective decisions to reform the banking sector.

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