From Father to Daughter: The Story of Bangladesh's Surprising Rise in South Asia

The infrastructural and economic development of Bangladesh in the last era is a surprise to the whole world today. The UN resolution states: If this trend of development in Bangladesh continues, it will soon be enlisted as a developed country from a developing one. This change in Bangladesh compared to the South Asian countries is an unprecedent...

Misplaced comparison between Bangladesh and Sri Lanka

Pranab Kumar Pandey: A rich mix of opposition politicians, members of the civil society and unabashed Islamist radicals — has taken heart at the huge economic crisis that is bedevilling Sri Lanka. I call them the Doomsday Brigade of Bangladesh as they seem to be praying for divine intervention for such a crisis to fall on Bangladesh becau...

Bangladesh is not going to be another Sri Lanka

Bangladesh is not at risk of defaulting on foreign loan repayments because of its cautious management of external debt which has a much higher portion of soft loan with longer maturity periods than that in Sri Lanka. Besides, the size of Bangladesh economy and volume of exports are bigger than those of Sri Lanka and Pakistan put together, while...

Economic Emancipation is our Main Goal

Hiren Pandit: The new year 2022 started with the commitment to implement the goal of sustainable development without Leave No One Behind by achieving the 2030 agenda. Multiple mega projects will be inaugurated this year. The construction work of 10 mega projects and 100 economic zones including the Padma Multipurpose Bridge is going on at...

Economic Vision – The Reason for People’s Capacity Building & Country’s Overall Development

Rooting out its stigma of as ‘bottomless basket’, Bangladesh is now well-recognized as a developing country. Internationally, this rise has stunned many states as a surprise or miracle. But economists interpret it differently. They think that Bangladesh has changed due to the appropriate policy of the government, the continuation of ...

Bangladesh poised to become $500b economy by next fiscal year

Bangladesh is gunning to become a half-a-trillion-dollar economy next fiscal year buoyed by a successful vaccination campaign and a steady growth in agriculture and industry. As per the finance division's projection, the size of the Bangladesh economy would be $510 billion in fiscal 2022-23 after growing at 10.7 percent. The GDP is estimated t...

Golden jubilee of independence and Bangladesh’s economic revolution

If Bangabandhu had not been born, Bangladesh would not have been born. The 50th year of independence and the birth centenary of Bangabandhu are undoubtedly a beacon of hope for the Bengali nation. Much of Bangabandhu's dream of building a golden Bengal has come true today.

Bangladesh’s development model matches that of stages in South Korea, China: WSJ

Bangladesh is becoming South Asia's "economic bull case", reported Wall Street Journal on March 3. WSJ's Hong Kong-based reporter Mike Bird claimed Bangladesh is notable in South Asia for being the "closest proxy" for the successful development models seen at various stages in South Korea, China, and Vietnam. Bangladesh provides the world wit...

Bangladesh to graduate from LDC status with flying colours

Just as it had been for past LDC status graduates, Bangladesh will also not face a lot of challenges afterwards for already having proven its economic resilience and potential for sustainable growth, according to a government study. It can be confidently stated that Bangladesh is going to graduate from its least developed country (LDC) status w...

Rumour-Mongers' Failed Attempt to Defame Government

Pranab Kumar Panday Like the whole world, the people and the government of Bangladesh have been passing through the worst ever time of the century due to the catastrophic effect of Covid-19 pandemic. In the most challenging time of the history when the citizens and the government should help each other overcome the pandemic triggered devastatio...

Bangladesh economy indomitable despite COVID-19

While the world is reeling under an economic crisis due to the Covid-19 pandemic, Bangladesh’s economy was able to escape a contraction in 2020 and its annual rate of GDP growth will continue to accelerate throughout the 2021-25 period, so says a think tank. Between 2021 and 2025, Bangladesh’s annual rate of GDP growth will accelera...

Bangladesh edging past India

Dr Ashikur Rahman: For nearly five decades, any discourse on South Asia was almost always focused on the bitter animosity between the two nuclear giants India and Pakistan, where the former was viewed as a large mystical country trying to establish its position in the global political and economic order -- and Pakistan as a strategically import...

Govt announces another Tk 7000 crore for industries

The central bank has expanded the size of the stimulus package for large industries and services sector firms to make the low-cost funds available for the factories located in the economic zones. The volume of the package was enhanced by Tk 7,000 crore to Tk 40,000 crore as part of the central bank's effort to facilitate both local and foreign ...

Bangladesh: From a ‘basket case’ to a robust economy

Mark Tully: The International Monetary Fund’s (IMF) projection that Bangladesh’s per capita income in dollar terms is likely to overtake India’s has focused attention on a nation that has risen like a Phoenix from the ashes. The ashes were left by the Pakistan army’s scorched earth strategy. Travelling in East Pakistan a...

HPM's 19th Stimulus Package: Government to subsidize bank interest of April-May

Prime Minister Sheikh Hasina has announced a new stimulus package to waive Tk2,000 crore bank interest of the people affected badly by the nationwide shutdown enforced to contain the coronavirus pandemic. “Today (Sunday), we are declaring a new incentive package which is the 19th. Under the package, the borrowers need not to repay Tk2,000...

Beyond the Pandemic's Episode 3: Lockdown withdrawn to save lives and livelihoods

Bangladesh Awami League has broadcasted the third episode of special webinar 'Beyond The Pandemic'. In the latest session, speakers said that the lockdown has been withdrawn to save both the lives and livelihoods of the people of the country. This episode's topic was ‘Reopening Economic Activities Following Health Regulations: Realit...

US praises HPM Sheikh Hasina's leadership

The United States has praised Prime Minister Sheikh Hasina’s leadership and described Bangladesh as a “dynamic entrepreneurial society” whose social indicators have been a real success story. The US mentioned Prime Minister Hasina’s leadership in lifting women up, in particular, saying it has been so noteworthy. “...

HPM Sheikh Hasina allocates BDT 101,117 Crore to maintain economic strength

Prime Minister Sheikh Hasina so far announced a total of 18 stimulus packages worth around $11.90 billion or Taka 1,01,117 crore to offset the shock of novel coronavirus (COVID-19) pandemic on various sectors of the country. With the latest and 18th stimulus package of Taka 2,000 crore for the programme for generating employments through Palli ...

HPM Sheikh Hasina announces stimulus packages worth Tk 72,750 Crore to overcome COVID-19 impact

Prime Minister Sheikh Hasina today unveiled the government work plan to overcome the possible COVID-19 impact on the country’s economy, declaring an allocation of Taka 72,750 crore under a set of stimulus packages. “Earlier I declared a Tk 5,000 crore (emergency) incentive package for paying salaries and allowanc...

Bangladesh's economy is headed to a 10% growth: HPM Sheikh Hasina to Nikkei

In an exclusive interview with Nikkei Asian Review, Prime Minister Sheikh Hasina said Bangladesh's economy is headed for a 10% annual growth and has the potential to become Asia's fastest growing economy. Prime Minister Sheikh Hasina said Bangladesh's fast economic expansion will gain further momentum and hit 10% annual growth over the next thr...