FYP definition
Examples of FYP in a sentence
The Government’s investment program under the 7th FYP amounts to Tk31.9 trillion (approximately $410 billion).
The activities under the DMHP were carried out using these funds till 2011 and the total amount was not fully utilized till then, as a result of which no funds were allocated in 11th FYP.
Although no specific targets are specified for PPPs, the 7th FYP aims to substantially increase the amount of PPP investment from an average 0.2% of GDP in FY2015 to around 1%–2% of GDP annually.18 As such, the Government has given a broader mandate to IDCOL for promoting PPP projects and plays a larger role in mobilizing and providing finance to the private sector for infrastructure development.
The 7th FYP recognizes scarcity in infrastructure financing as a major challenge for infrastructure development and estimates the gap at 5%‒6% of GDP which translates into additional requirement of $9‒$10 billion per year.
Indicative infrastructure requirements10 estimated in the 7th FYP foresee an increased demand for transport investment from 1.6% of GDP in the baseline year of FY2015 to a yearly average of 3% during the following years of the plan.
Although the 6th FYP achieved substantial progress in energy generation along with expansion of transmission and distribution networks, the gap remains large and the investment needs are challenging.
In view of the pressing need to increase coverage, a renewed thrust to investment in water supply and sanitation, particularly in urban areas, is being given under the 11th FYP.
Given the Government’s investment requirement of Tk31.9 trillion (approximately $410 billion) under the 7th FYP, of which 77.3% will have to come from the private sector, the mobilization and expansion of private investments will be crucial (Table 3).
Promotion of rapid and sustained agricultural growth and rural development is emphasized in the 11th five year plan (FYP) (2008-2012) to make the growth process inclusive and to improve food security in the country.
DI FYP* PERCENTAGE OF DI FYP* $0 to 15,000 0 $15,000 to 60,000 20 in excess of $60,000 25 *Effective for 1997, future years as published by the Company.