Bangladesh has made a strong economic recovery from the COVID-19 pandemic, but growth faces new headwinds as global commodity prices increase amid the uncertainty created.
The estimated poverty in Bangladesh has declined by 0.6 percent in the 2021 fiscal year, riding on the strong economic recovery amid the Covid-19 pandemic, according to the latest report of the World Bank.
The World Bank yesterday advised the government to reconsider its decision to dip into the foreign exchange reserves for development projects given the elevated balance of payment deficit and the need for exchange rate flexibility.