The dollar crisis in the country is extreme
The dollar crisis has reached extreme proportions in the country. Bangladesh Bank is providing dollars from reserves to overcome the crisis. This has put a strain on the reserves. Meanwhile, expatriate income (remittance) has been hit hard. In the month of September, the expatriate income reached 134 crore 36
No possibility of inflation from govt. borrowings
Bangladesh Bank Governor Abdur Rouf Talukder today ruled out any possibility of creating inflation in the country from the target of government borrowings including from bank borrowings set in the proposed budget for the next fiscal year (FY24). "Currently, the inflation in the country is not because of the supply side, rather it is absolutely imported inflation," he said. The central bank governor said this while replying to a question during the post-budget press conference held at the Bangabandhu International Conference Center (BICC) in the capital this afternoon. Out of
Economic Progress and Future of Bangladesh
Bangladesh has experienced significant economic development in recent years. Here are some key aspects of its economic progress Robust GDP Growth: Bangladesh has consistently achieved strong economic growth over the past decade, with an average annual GDP growth rate of around 6-7%. In recent years, the growth rate has reached over 7%, making Bangladesh one of the fastest-growing economies in the world. Poverty Reduction: The country has made remarkable strides in reducing poverty. According to World Bank data, the poverty rate in Bangladesh declined from around 44.2% in 1991 to about