Economy of Bangladesh

2.6 Billion Dollar Remittance inflow in July 2020

Bangladesh Wage earner’s remittance inflow exceeded 2.6 Billion in July 2020. Remittance is a transfer of money, often by the worker to an individual in their home country. Besides, the highest foreign exchange reserves in the history of Bangladesh have been raised to 37.28 billion US dollars. Various measures, including 2 percent cash incentives by …

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ADB is increasing financial Assistance to the Private Sector

The Asian Development Bank (ADB) has increased its funding limit from 518 million to  755 million by the end of the year to expand the Trade Finance Program (TFP) to support Bangladesh’s private sector. TFP is working with 12 partner banks in Bangladesh to fill the market gap by raising private sector capital and providing …

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ECNEC Approved USD 612 Million for Roads, Agriculture & Export Diversification

In the  2nd ECNEC meeting of the fiscal year (FY20) approved eight projects involving USD 612 Million or BDT 5142 Corror. Of the total project cost, BDT 4,129.81 crore will come from the Government Fund while Taka 1,012.55 crore from project assistance. 2nd ECNEC meeting of the 2019-2020 Eight project  – $612 Million 2nd ECNEC …

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Bangladesh Received 3.61 Billion Dollar Foreign Direct Investment in 2018

As Bangladesh expected to achieve 8.0% growth in 2019 and 2020 – Its received 3.61 Billion dollars Foreign investment in 2018 an increase of 67.94 percent from a year earlier. The Energy sector recived the highest amount of FDI of $1.01 billion, the food at $729.69 million, textile and weaving at $408.08 million, leather products …

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3.87 Billion USD: Defense Budget of Bangladesh 2019-2020

Bangladesh Armed forces received 3.87 Billion dollar allocation for Defending the nation from the enemy what is 8.3% of its Total Budget. The size of Bangladesh GDP was US$ 72 billion in FY2005-06, which has now increased 4.5 times to US$ 302.4 billion. The size of the proposed budget for FY2019-20 is USD 62.28 Billion …

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Bangladesh’s Economy is Booming. Does Sheikh Hasina deserve the Credit?

Bangladesh has  become one of the world’s economic success stories in Recent years . Per capita income has risen nearly threefold since 2009, reaching $1,750 in 2018, achieved near self-sufficiency in food production for its 166 million-plus population .The Sheikh Hasina lead Government took power in 2009. Now Bangladesh  Named as one of the Next …

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Bangladesh Aiming For 10% Economic Growth in Next Three Years : PM Sheikh Hasina – Nikkei Asian Review

In an exclusive interview with Japan’s top Newspaper Nikkei Asian Review  Bangladesh Prime Minister Sheikh Hasina expressed her countries desire to be an economic powerhouse in South Asia in Next Three Years. Bangladesh already achieved  higher economic growth then India and Pakistan in Recent Years .   PM Sheikh Hasina Daughter   Sheikh Mujibur Rahman , the Founding …

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IMF Project 3.7 Parcent Global Growth in 2018 :Bangladesh Becaming 26th Economy in 2030

The china USA trade war, Brexit resulted in a lower Global economic growth in this year.On the eve of its annual meetings in Bali, Indonesia, The International Monetary Fund said the world economy is plateauing. Cut .2 From previous 3.9% projection  Aimed China USA Trade War & Brexit The International Monetary Fund’s projection for global economic …

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