Development Stories: Part 2 (Economy & Trade)

During the tenure of the BNP-JAMAAT government, the economy of Bangladesh was going through a stalemate. The economy was completely burnt to ashes due to immense black-marketing, corruption and nepotism. At present Bangladesh has been able to recover from that situation; thanks to AL government.

Bangladesh Awami League has made Bangladesh a model to the other nations with all its development projects. Today we are going to draw a picture of the developments by the AL government in economy and trade sector.

Economy:
• For executing Vision-2021, Perspective plan (2012-13) and 6th five year plan (2011-2015), incumbent government has planned effective budgets every year and implemented them successfully.
• In spite of increasing world recession, constant crisis in the European region Bangladesh has been able to achieve 6.4% growth.
• Yearly development expenses have been constantly increased. This has increased to 65,870 crore in 2013-14 fiscal year from 22,500 crore taka in 2007-08 fiscal year. ADP implementation rate has been increased to 97 %.
• Revenue has been doubled
• Per capita income has been increased from 630$ to 1044$
• Poverty rate has been decreased to 26 % from 40%
• Inflation has been decreased to 7 % from 13 % in 2008
• Foreign reserve has been increase. Bangladesh has been able to achieve 16.22 billion dollar which is a record in the history of Bangladesh.
• Because of the revenue earning, the growth has increased to 26 %
• Budget deficiency is now 5 % less from the GDP
• 8,78,408 SME entrepreneur organizations has been given a loan of 1,39,519 crore taka. 39,2013 women SME entrepreneurs has been given a loan of 5097 crore taka
• Government has approved the opening of 1218 new branches of different banks. 41 banks are now currently working online
• Automated Clearing house has been established
• A fact finding committee has been established to find out the abnormal ups and down of the stock exchange in 2010

Trade:
• Bangladesh has achieved 18.4 % growth in export. In 2012-13 fiscal year Bangladesh has earned 2730 crore $, which was 1480 crore $ in 2008
• Bangladesh has implemented trade liberalization policy
• With the help of the TCB dealership, government has ensured cheap product supply for the customers. The numbers of TCB dealers have been increased from 140 to 3053
• Consumer protection rights bureau has been established
• With the help of Register of Joint Stock Company all the customer service can now be done online.