Minister predicts double-digit growth for Bangladesh in five years
September 29th, 2019 at 4:08 pm
Minister predicts double-digit growth for Bangladesh in five years

Dhaka – Bangladesh is expected to achieve a double-digit growth in five years after one of its mega infrastructure projects is completed in the next two years, a senior minister said on Sunday.

Finance Minister AHM Mustafa Kamal came up with the projection at an international conference inaugurated in the capital Dhaka as he referred to Bangladesh’s strong economic footing in the past years.  

“We firmly believe we will achieve double-digit growth in next five years,” Kamal said inaugurating the conference on Harnessing Blockchain Technology for Development (Unleashing the potential of Bangladesh for Blockchain Applications).

Bangladesh has the best GDP (Gross Domestic Product) growth among South Asian countries, the minister said adding that the growth would increase by 1% each year after completion of the Padma Multipurpose Bridge.

Bangladesh economy
Bangladesh economic growth

The government has been constructing the bridge to connect the south and south-western part of Bangladesh with the capital and other parts of the country through a road network. The construction of the bridge is likely to be opened to traffic in 2021.

The construction of the 6.15-kilometre long bridge began in December 2014 with a projected target, revised for many times, of completion by December 2020.

The minister also predicted that Bangladesh would completely be hunger and poverty free country by 2030.

Resident Mission of the Asian Development Bank (ADB) organized the two-day conference to promote growth, inclusion, service delivery and smart governance in Bangladesh.

Kamal urged foreign investors to come to Bangladesh and to tap the country’s potential of cheap production cost.

Country director of ADB Manmohan Parkash said Bangladesh has made rapid progress in the last 10 years. The country is today seen as a model for both “social and economic” development.

The programme was attended among others by Prime Minister’s adviser Tawfiq-e-Elahi Chowdhury and Economic Relations Division secretary of Finance Ministry Farida Nasreen.