Economic AffairsAsia News Network

Despite IMF warning, Bangladesh govt plans to borrow $313 million

The IMF said foreign currency reserves in Bangladesh are adequate and not excessive, with the recent peak in reserves to be short-lived.

The remarks came amid growing concerns over a discord in fiscal policies between the government and the central bank.

Across the board, businesses showed a positive hiring outlook for this year, with more job openings and better compensation offered.

This is the second time the GDP rate for 2020-21 has been revised, from an initial 2.3% set in the 2020 annual budget to 3.9% later.

In order to attract investors, Pakistan should adopt strategies to limit exposure to international arbitration.

The report highlighted Hong Kong's edge in the free flow of capital, international connectivity, and the tax structure.

All exporters are subject to this policy, including those that have never supplied domestic markets before.

Experts cited stronger innovation capabilities as facilitating industrial growth, after industrial output increased 9.6 percent on a yearly basis.

Domestic demand accounted for 79.1% of 2021's economic growth, indicating the significant role of the domestic market.

As of end-2021, the number of officially registered factories in these sectors had risen to about 1,200, employing nearly one million workers.