Shown in this slide are the growth projections released by the International Monetary Fund (IMF), the World Bank (WB) and the Asian Development Bank (ADB) in their latest surveillance reports. The World Bank just reaffirmed, they are sticking to 6.4 percent growth this year for our country. These third-party assessments are also not far from the NEDA’s target for 2019.
It may be noted that the Development Budget Coordination Committee (DBCC), during its meeting on 13 March 2019, approved a Gross Domestic Product (GDP) growth target range of 6.0 percent – 7.0 percent for 2019, 6.5 percent – 7.5 percent in 2020, and 7.0 percent – 8.0 percent from 2021 to 2022.