The study titled – Bangladesh: consolidating export-led growth – conducted by Asian Development Bank (ADB) uses economic diagnostic tools to identify critical constraints to growth and sets out policy recommendations. “Moving forward, the country can sustain higher growth through investment in sectors such as light engineering, machinery repair and agricultural cold chains. She also said energy subsidy is not needed in Bangladesh and the private sector needs more incentives to grow up. Reliable electricity, efficient urban transport systems and measures to support new industries and economic activities are also important, it added. Private investment in power and oil and gas exploration and tapping further into regional electricity market could help Bangladesh meet its energy needs.

Source: Dhaka Tribune September 01, 2016 18:33 UTC