Bangladesh's growth to pick up to 6.7% in FY23: World Bank

The report noted that energy subsidies as a share of government expenditure are the highest in Bangladesh, along with the Maldives and Pakistan.

With already high energy costs and the uncertain outlook, the region could face additional pressure on inflation—despite the dampening effect of subsidies—and larger current account deficits, it said.

This pressure could undermine growth, increase poverty, and divert budgetary resources away from productivity-enhancing investment and social protection, the World Bank report said.

ALCHEMPro News Desk (DS)