The members of a new cabinet will swear in tomorrow afternoon with a big job in hand – that is to complete Bangladesh’s graduation process from a least developed nation to a developing economy. The formation of a new government and that again by a ruling coalition that has already shown Bangladesh a growth path over the past decade could not have been better timed. With Sheikh Hasina at the helm of state affairs, Bangladesh posted a record 7.86% GDP growth in 2017-18, highest in South Asia. And the country now aspires to propel its GDP growth to a double digit. Bangladesh’s economy though buoyant with a $32 billion foreign exchange reserve, over $15 billion remittance earning and a steady farm sector growth, is still not free from the concerns over banking sector irregularities, rising bad loans and youth unemployment.

Source: Dhaka Tribune January 05, 2019 18:45 UTC