According to IMF, Bangladesh economy will grow 5.0% in 2021 and 7.5% in 2022
Bangladesh has been able to attain real Gross Domestic Products (GDP) growth of 5.2%, highest in Asia, Finance Minister AHM Mustafa Kamal has said.
The minister said this while placing the budget for 2021-2022 fiscal year at Parliament on Thursday.
"In spite of the pandemic, the government of Bangladesh, led by the able leadership of the honourable Prime Minister Sheikh Hasina, has been able to maintain the macroeconomic stability of the economy with prudent fiscal policy and accommodative monetary policy," he said.
He said: “It is very encouraging for us that both International Monetary Fund (IMF) and the World Bank has upgraded economic growth forecast for Bangladesh compared to their previous forecasts.
“According to IMF, global economy will grow by 6.0% in real term in 2021 and 4.4% in 2022. Whereas, their forecast for Bangladesh is 5.0% in 2021 and 7.5% in 2022,” said the minister.