Kojo, Naoko C.2015-08-202015-08-202010-08https://hdl.handle.net/10986/22536The overall fiscal position of Bangladesh looks sustainable, but there are concerns that the country may be trapped in a low revenue-low capital spending equilibrium, which is holding back Bangladesh’s growth potential. Eliminating wasteful spending and halting fiscal drains through inefficient non-financial public corporations (NFPCs) are important ways to create fiscal space, particularly in the area of infrastructure. This paper reviews the financial performance of the NFPC sector in Bangladesh, with a specific focus on two major loss-making firms: Bangladesh Petroleum Corporation (BPC) and Power Development Board (PDB). The objective of this paper is to update the Bank’s knowledge on the financial performance of the NFPC sector and estimate the fiscal costs emanating from the sector.en-USCC BY 3.0 IGOISSUANCE OF GOVERNMENT SECURITYTARIFFSCONTINGENT LIABILITIESPOWER GRIDHOLDINGPOWER PLANTSOIL PRICEACCOUNTINGREFINED PRODUCTSDEFAULTSSTOCKPRICE OF POWERELECTRICITY TARIFFPOWER STATIONMARKET LEVELSINTERESTPOWER STATIONSGUARANTEESPOWER CRISISOIL COMPANYACTIVITIESGENERATIONINTEREST RATETREASURY BONDEXCHANGEBANKING SYSTEMLIQUIDITYNON- PERFORMING LOANSTOTAL DEBTPORTFOLIOEQUITY FINANCINGFINANCIAL STATEMENTSBONDSLOANPOWER SHORTAGESENERGY GENERATIONGASWHOLESALE PRICEPRICETAXVOLTAGEDISTRIBUTION OF ELECTRICITYINCOME TAXGOVERNMENT GUARANTEESINFLATIONBUDGETCONVERSIONLONG-TERM DEBTCAPACITY UTILIZATIONOILSEQUITY CAPITALGENERATION CAPACITYRURAL ELECTRICPETROLEUMOIL PRICESINDEBTEDNESSFORGIVENESSOILCURRENCYBOND ISSUESGOVERNMENT REGULATIONSPOWER GENERATIONPRICES OF FUELSENERGY SOURCESPOWER SECTORELECTRIC SUPPLYPUBLIC FUNDSREFINED PETROLEUM PRODUCTSPRIVATE BANKSDEMAND FOR PETROLEUM PRODUCTSWATERCASH PAYMENTFUEL FOR POWER GENERATIONDOMESTIC BANKSDEBTFUEL PRODUCTSELECTRICITY SUPPLYRETURNBOND ISSUEGOVERNMENT SECURITYACCOUNTS RECEIVABLELOANSISSUANCE OF GOVERNMENT SECURITIESDEBT SERVICECASH TRANSFERSFUELSPOWER DISTRIBUTIONFUEL COSTSPOWER PRODUCERSFINANCEGASIFICATIONPOWER PURCHASE AGREEMENTSMARKET INTEREST RATEEXPENDITUREGOVERNMENT SECURITIESINTERNATIONAL STANDARDSEQUITYTAX RATEMINERAL RESOURCESWHOLESALE PRICESBALANCEUTILITIESSUPPLY OF ELECTRICITYPOWERELECTRICITY SALESELECTRICITYSHORT-TERM DEBTGAS SUPPLYGAS SUPPLIESGOVERNMENT EXPENDITUREDOMESTIC BANKINGELECTRICITY GENERATIONFINANCIAL PERFORMANCECHEMICAL INDUSTRIESISSUANCELOAN PORTFOLIOELECTRICITY TARIFFSIMPORTS OF PETROLEUMBALANCE SHEETDEBT STOCKSMARKETENERGY PRICESFOREIGN LOANSNON-PERFORMING LOANPETROLEUM SECTORSECURITIESTREASURYSOLVENCYFUEL OILSNATURAL GASCRUDE OIL PRICESECURITYBANK LOANSINTEREST ARREARSINVESTMENTOUTSTANDING DEBTTARIFF STRUCTUREBONDCOMMERCIAL BANKSTREASURY BONDSNUCLEAR POWERTARIFFDISTRIBUTION NETWORKDEBT SERVICE PAYMENTSCRUDE OILFUELFUEL OILREVENUEAVAILABILITYPROFITFINANCIAL SUPPORTLENDINGTAX PAYMENTSDEBT FORGIVENESSAMOUNT OF DEBTEXCHANGE RATEPETROLEUM PRODUCTSPROFITSELECTRICITY DISTRIBUTIONDIESELCOMMODITY PRICESKEROSENELIABILITIESLONG-TERM LOANSARREARSPRICESLIQUIDITY PROBLEMSNUCLEAR POWER PLANTSPOWER PLANTTAX OBLIGATIONSENERGYWorking PaperWorld Bank10.1596/22536