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The urban poor hold jobs that are labour demanding, thus affecting their health conditions. Therefore, the urban poor are in a difficult situation to escape poverty. [23] Recent population growth has contributed to an escalating poverty rate in Bangladesh, with the country experiencing a yearly increase of 1 million people. [24]
There are three types of financial markets in Bangladesh. They are: Money Market : Banks, Non-bank Financial Institutions, and Primary Dealers; Capital Market : Investment Banks, Credit Rating Companies, and Stock Exchanges; Foreign Exchange Market : Authorized Dealers.
The newly independent government immediately designated the Dhaka branch of the State Bank of Pakistan as the central bank and renamed it the Bangladesh Bank. [9] The bank was responsible for regulating currency, controlling credit and monetary policy, and administering exchange control and the official foreign exchange reserves. [9]
The bank's repayment rate suffered from economic disruption following the 1998 flood in Bangladesh, but it recovered in subsequent years. By the beginning of 2005, the bank had loaned over US$4.7 billion [16] and by the end of 2008, $7.6 billion [17] to the poor.
The ministry is responsible for state finance, including the state budget, taxation and economic policy in Bangladesh. It is led by the Finance Minister of Bangladesh. The department must report to the Parliament of Bangladesh. It contains four divisions.
The Bangladesh Bureau of Statistics (BBS) (Bengali: বাংলাদেশ পরিসংখ্যান ব্যুরো), is the centralized official body in Bangladesh for collecting statistics on demographics, the economy, and other facts about the country and disseminating the information.
The urban population rose to 20% in 1991 and to 24% by 2001. In 2011, Bangladesh had an urban population of 28% and the rate of urban population growth was estimated at 2.8%. [3] At this growth rate, Bangladesh's urban population would reach 79 million or 42% of the population by 2035.
The Urban Development Directorate is a Bangladesh government regulatory agency under the Ministry of Housing and Public Works responsible for urban planning. [1] [2] M. Mahmud Ali is the Director of Urban Development Directorate. [3]