August 5, 2022
The South Asian country of Bangladesh has a stable economy despite

The South Asian country of Bangladesh has a stable economy despite

The South Asian country of Bangladesh has a stable economy despite the global crisis

Bangladesh has kept its economy stable even in the global recession. This information was given in a report of Economic Times.

According to the report, Bangladesh has established itself after a long time.

It could be a strong economy for Asia with a broad base of manufacturing sector and impetus on infrastructure projects.

After 1971 US Secretary of State Henry Kissinger called Bangladesh a ‘bottomless basket’.

Bangladesh has come a long way from that place. The newly inaugurated Padma Bridge is standing tall.

The international organizations that refused to finance this bridge are now congratulating Bangladesh on its completion.

Prime Minister Sheikh Hasina inaugurated the road-rail bridge (Padma Bridge) built at a cost of 3.6 billion US dollars on June 25.

This bridge connects the southwestern region of the country with the northern and eastern region

The South Asian country of Bangladesh has a stable economy

Due to the bridge, the foundation of the economy of Bangladesh has become very strong.

Even with rising import costs, Bangladesh’s foreign exchange reserves are now around US$40 billion.

Bangladesh’s growth rate was much higher than that of Pakistan even before the corona epidemic.

The growth rate of Bangladesh in 2018-19 was 7.8 percent. At the same time, Pakistan’s rate was 5.8 percent.

Bangladesh has given a roadmap for development. The roadmap, called Vision-2041,

aims to end extreme poverty and rise to the status of an upper-middle income country by 2031.

Through this, Bangladesh aims to become a developed country by 2041.

Besides, Bangladesh is making progress in various social and economic fields in South Asia.