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 […]
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
The economy of Bangladesh is moved forward rapidly in the last 10 years . According to the World Economic Forum Bangladesh’s economy is growing faster than neighboring India, Nepal, Sri Lanka, Pakistan & Maldives . The per capita income of the people of Bangladesh has increased due to the declining population growth rate . Since
Bangladesh is going to celebrate its biggest sacrificial religious event of 2019 on 12 August. This year Eid market is 29% Bigger than the previous year, which could hit 5 Billion USD. Eid al-Adha is the second of two Islamic holidays celebrated worldwide each year and considered the holier of the two. people Sacrifice Cttale
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
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 $408.08 million, leather products
The size of the proposed budget for Bangladesh FY 2019-20 is 62 Billion dollars. . The debt to GDP ratio is 32 percent. The country achieved self-sufficiency in food by raising foodgrains production to 2 crore 68 lakh metric tons. The size of GDP is US$ 302.4 billion. The budget deficit for the current fiscal
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
Bangladesh‘s Nominal GDP reached 302.4 USD bn in 2018, compared with 249.7 USD bn in the previous year. GDP Growth Rate in Bangladesh averaged 5.69 percent from 1994 until 2016, reaching an all-time high of 7.86 percent in 2018. GDP of Bangladesh by Year Year In Billion Dollar 1960 4.27 1965 5.9 1970 8.99 1975
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
