Development Realities of Bangladesh
2 Pages Posted: 6 Oct 2017
Date Written: October 5, 2017
Bangladesh is one of the most potential Least Developed Countries (LDCs) to be graduated from the list within next one or two decades. It has proved its capacity by achieving several socioeconomic indicators during the last few decades. For example, Bangladesh reduced the number of people living below poverty line from 31.5% in 2010 to 23.2 % in 2016, maintained economic growth rate between 6-7 % during the last couple of years, increased foreign exchange reserves to $33 billion in 2017 from $10.8 billion in 2010, reduced lending rate from 15% in 2013 to 9.5% in 2017 etc. Bangladesh economy proved its resilience power in much international financial turmoil in the past. We are hopeful to overcome current challenges like massive flood in the Northwestern part of the country, injection of about a million Rohingya refugees by Myanmar into its Southeastern part etc. too.
Keywords: Economic Development, Development of Bangladesh, Bangladesh Economy
JEL Classification: O 11
Suggested Citation: Suggested Citation