Bangladesh progress uninterrupted despite crisis in world economy: Finance Minister AHM Mustafa Kamal
Dhaka, Oct 18 (UNI) Bangladesh Finance Minister AHM Mustafa Kamal said that the country is now passing its good time in its economy, as the country remains in the best position despite the downward trend in the world economy.
We are now going ahead under the qualified leadership of our Prime Minister. In the last two decades, the world witnessed several economic disasters. Several Asian countries, including Indonesia and South Korea, fell in trouble during the world economic slump in 1997, the Minister added.
“An acute situation ensued in many countries, including the USA, during the crisis in 2008. But our economy did not face disaster at that time”.
A third acute situation, which is termed so-called trade war, is prevailing in the world at the moment. Due to influence of the ongoing trade war, the world has witnessed an economic recession.
Hence, Chinese growth has been reduced to seven per cent from 14.4 pc. But the economy of Bangladeshi is progressing, Mustafa Kamal observed.
The Minister, who is now in US capital Washington to attend the annual meeting of the World Bank and the IMF, made the remarks at a press briefing after holding separate courtesy meetings with high officials of the IMF and the World Bank.
Both the World Bank and the IMF lauded the Bangladesh’s economy. In their outlook, the IMF said that Bangladesh’ growth would be 7.8 pc at the end of this year, he said.
The minister observed that employment opportunities for 30 crore youths would be created by the year 2030 when none would remain without employment.
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