External Sector

Chapter-9 extraneous Sector 9.1 The overall performance of the international sphere of influence witnessed a mode stray growth during FY10. Despite spillover do of the turbulent out-of-door economic conditions as well as the global fluidness crunch, adequate inflow of external transform through trade and remittance channels kept the foreign central merchandise stable. Besides, the bumper production in rice sphere of influence unitedly with torpid external demand for RMG have bring down import of rice, fabrics, cotton, yarn etc.. In addition to that slowdown of natural investment alike lowered input demand, which all together are accountable for the lower demand for foreign shift and helped Taka- sawhorse exchange ordain almost stable. Double-digit growth rate of remittances and checker export value helped increase gross foreign exchange reserve by USD 1.3 billion (or 21.5 percent) to USD 7.5 billion at the eat up of FY09 which increased advance and stood at 10.8 billion at the goal of June 2010 with a curious growth of 43.9 percent compared to FY09. However, Taka depreciated against US Dollar by a mild 0.6 percent during the FY10. Trends of some study external indicators may be seen in Chart 9.1. celestial sphere Chart 9.

1 : Key indicators of external sector electric current account residuum 5 4 3 2 1 0 -1 -2 -3 FY04 FY05 FY06 FY07 FY08 FY01 FY02 FY03 FY09 FY09 98 96 94 92 90 88 86 84 82 part of GDP 35 External debt/GDP ratio pct 30 25 FY04 FY05 FY06 FY07 FY01 FY02 Taka-Dollar exchange rate and REER Exchange rate 70 68 66 64 62 60 FY03 FY08 FY10 FY10! REER Index 20 FY06 FY07 FY08 FY09 Exchange rate REER 9.2 The higher menses account surplus and the lower financial flows led the equilibrate of payments (BOP) to a record high surplus of USD 2865 million in FY10. Merchandise exports (fob) increased by USD 639.5 million 97 no. of months External parcel out and the Balance of Payments - the Overall place Import covered by reserves 7 6...If you want to get a full essay, order it on our website: BestEssayCheap.com

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