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Article Abstract:
The Bangladeshi commercial banking system has been mismanaged for years. The Bangladeshi government is always trying somemeasures such as issuing guidelines for distressed bank rehabilitation and stopping further lending. The 1991 closure of the Bank for Credit & Commerce International aggravated the already sinking boat of the banking industry. Precisely because the Bangladehi banking network is so large with so many branches for each banking entity that mismanagement is common. There is, however, some hope for the beleaguered industry as little improvements are being manifested after the establishment of a democratically elected government.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Mixed message
Article Abstract:
Bangladesh's economy shows both positive and negative developments. Exports increased by 52% over 1992, government revenue collections were at a high of 18.08 billion Thaka and foreign exchange reserves reached a record high of US$1.8 billion by end Nov 1992. Inflation declined from more than 9% in Jul 1991 to 4.5% in Jul-Sep 1992, while interest rates decreased by about 2.5 percentage points since mid 1992. The government was, however, unsuccessful in increasing investment in the economy. Cash and sight and time deposits decreased by 1% in Jul-Sep 1992 whereas they had increased by 13.7% during the fiscal year ending on Jun 1992.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Hesitant progress
Article Abstract:
Bangladesh's economy has improved somewhat as indicated by several macroeconomic figures. Most importantly, government-targeted 5% growth in real gross domestic product (GDP) will probably be attained by Jun 30, 1993. In addition, the current-account deficit will drop to about 3% of GDP while foreign reserves have surpassed $2 billion. However, further improvement depends on real progress toward privatization and private-sector growth.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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