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BD to be 26th largest economy by 2030, says envoy to USA

Business Desk:Bangladesh Ambassador to the USA, Mohammad Ziauddin has said Bangladesh would be the 26th largest economy by 2030 and the country would be among three fastest economies of the world by the same period.
Ziauddin made this comment in a statement while welcoming the guests who visited “Bangladesh Development Fair-2018”, organized by the Bangladesh Embassy in Washington D.C on Thursday.
“Bangladesh would be the 26th largest economy by 2030 while the country would be among three fastest economies of the world by the same period,” he said, referring two recent studies conducted by the HSBC and the UK-based Pricewaterhouse coopers, according to a release issued on Friday.
In his welcome address, ambassador highlighted the progress made in different fronts with rising trend in economic and social indicators under the visionary leadership of Prime Minister Sheikh Hasina and said, “The recent growth trend has ranked Bangladesh among the five fastest global economies.”
The country’s per capita income was US$ 1751 in 2017 with a growth rate of 7.86 percent, export US$ 37.4 billion, remittance US$ 15 billion and forex reserve US$ 33 billion during the period.
He said Bangladesh’s development progress is sustained, which has been reflected in the recent UN determination that the country is eligible to graduate from the LDC status.
Meanwhile, the Development Fair projected the current government’s development efforts and spectacular achievements made so far in its journey towards making Bangladesh a middle income nation by 2021 and a developed one by 2041.
Three stalls were set up on the embassy premises by the commerce and economy, defense and consular wings, projecting Bangladesh as a role model for development among the foreign guests at the fair.
Besides, videos were screened on the country’s 10 mega projects in the communications, power and energy sectors including Padma Bridge, Payra Deep Sea Port, Karnaphuli River Tunnel, Elevated Metrorail, Rooppur Nuclear Power Plant, Rampal Thermal Power Plant, Matarbari Coal Fired Power Plant and Moheskhali LNG Terminal.

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