The three-year itch

Article Abstract:

Bangladesh will execute a plan spanning three years to closely monitor ongoing development projects and the available finances to back them up. The government will be able to plan rural development and healthcare programs more efficiently through the suggested design. Proposed by the International Monetary Fund and other foreign creditors, the plan is devised to go hand in hand with Bangladesh's five-year economic program. The plan can translate to economic development and the Finance Ministry is already forecasting 5% economic growth.

Central planning

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Paris in the spring: Bangladesh prepares for tough donors' meeting

Article Abstract:

Foreign donors, who have been unusually generous in their support for Bangladesh since the Dec 1990 ouster of H.M. Ershad, may cut back their support in 1993. Donors are not happy with the slowness of Bangladesh's privatization and financial reform, although tax revenues and foreign reserves have increased and inflation has dropped significantly. Aid disbursements are still expected to be high this year. But Bangladesh needs to deal with its labor unions and attract much more labor-intensive foreign investment.

Economic assistance, Foreign economic assistance

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Tall order

Article Abstract:

Chairman of Bangladesh's Privatization Board Kazi Zafrullah is enthusiastic about the privatization process, but faces problems and opposition to his task. Zafrullah sold seven enterprises within a month of taking office in May 1997, but he has yet to sell ailing state-owned firms which together lose an annual $500 million. Bangladesh's Prime Minister is keen to see the enterprises sold quickly, but Zafrullah faces opposition from labour unions, bureaucrats and some politicians, who all fear loss of privileges.

Economic Programs, Administration of Economic Programs, Privatization, Privatization (Business)

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