UNB, Dhaka
The Asian Development Bank (ADB) cautioned that Bangladesh’s growing inflation might rise further unless right administrative measures are taken and the current spell of floods takes a heavy toll.
In its quarterly update on state of the economy the multilateral donor agency supported the central bank’s monetary policy but suggested appropriate administrative measures for keeping the country on the growth track.
Giving a good outlook of the economy, with the prospect of helping the country graduate to a middle-income stage, it noted that Bangladesh holds strong potential for higher GDP growth of 7-8 percent over the medium term. [Read more]