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Bangladesh eyes double-digit GDP growth in next 5 years

Bangladesh finance minister AHM Mustafa Kamal

Bangladesh has eyed double-digit GDP growth in the next five years.

Country’s Finance minister AHM Mustafa Kamal on Sunday said the country’s economy looked set to clock a double-digit growth in the next five years.

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He said this while speaking at a conference of Asian Development Bank (ADB) in Dhaka.

Kamal said after the completion of the mega Padma bridge, Bangladesh will see at least 1 per cent GDP growth, Xinhua news agency reported.

The 10-km long bridge is being built over the Padma River.

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The minister said implementation of many more mega infrastructure projects will also help the country generate the rest of the expected growth.

The Bangladeshi government in June unveiled a record 5.23 trillion taka ($62 billion) proposed national budget, targeting an economic growth of 8.2 per cent for the current 2019-20 fiscal year.

Bangladesh’s economy grew 8.13 per cent this fiscal year, the highest in its history.

 

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