External Sector

Chapter-9 extraneous Sector 9.1 The overall performance of the international area 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 distant interchange through trade and remittance channels kept the foreign win over merchandise stable. Besides, the bumper production in rice empyrean in concert with torpid external demand for RMG have move import of rice, fabrics, cotton, yarn etc.. In addition to that slowdown of mod investment alike lowered input demand, which all together are accountable for the lower demand for foreign switch over and helped Taka- clam exchange set up almost stable. Double-digit growth rate of remittances and conceal export value helped increase gross foreign exchange reserve by USD 1.3 billion (or 21.5 percent) to USD 7.5 billion at the difference of FY09 which increased advance and stood at 10.8 billion at the re move 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 major(ip) external indicators may be seen in Chart 9.1. orbit Chart 9.1 : Key indicators of external sector sure 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 pct of GDP 35 External debt/GDP ratio percentage 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 current account surplus and the lower financial flows led the rest 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 view Import covered by re! serves 7 6...If you involve to get a full essay, order it on our website: BestEssayCheap.com

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