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Unrest to mar investment climate: ADB


Posted on Monday, December 4th, 2006 at 1:21 am
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The Asian Development Bank (ADB) in its quarterly economic update on Bangladesh cautioned yesterday that the present political unrest would take a heavy toll on the country’s investment climate.

According to the report released in Dhaka, the bank predicted several risks of the country in near to medium term, which included possible political disruption, infrastructure constraints and external volatility in oil prices.

The report estimated that output of aus, the first rice crop of the year, would be 24 million tonnes lower than it was in the previous year. It, however, expects higher aman harvest this year compared to the previous year as farmers have brought more lands under aman cultivation, though they experienced scanty rainfall and fertilizer crisis.

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This entry was posted on Monday, December 4th, 2006 at 1:21 am and is filed under Bangla, Bangladesh, Bangladesh Economy, Bangladesh News, Daily Bangladesh News, Economy, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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