Finance Minister AMA Muhith does not agree with the World Bank’s Gross Domestic Products (GDP) growth forecast for Bangladesh for the current fiscal year as he says their projection is made every year based on the data the lending agency collects from their own sources. “They don’t take into account what happens in the country in reality and that’s why the lower projection,” he told reporters on Wednesday at the Secretariat. The World Bank projected a 6.4% GDP growth for Bangladesh in FY 2017-18 in its latest report ‘The Bangladesh Development Update September 2017’ unveiled at a briefing in its Dhaka office earlier in the day. Responding to another query from the journalists on the 2016 Bangladesh Bank cyber heist, the finance minister said: “We will very soon receive $40 million from the Philippines government. A Bangladesh Bank team will also go to Manila in this regard.”“We have recovered $34.63 million so far.

Source: Dhaka Tribune September 27, 2017 15:41 UTC