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BD to be middle-income nation by 2021: Global report
Observer Online Desk
Published :Friday, 25 September, 2015,  Time : 3:19 PM  View Count : 68
A new report prepared by an independent global media communication agency is upbeat about Bangladesh's prospect of becoming a middle-income country by 2021 when the country will be celebrating its golden jubilee of independence.

"Located at the heart of a booming region, Bangladesh is ideally placed to maintain and improve economic growth and achieve middle-income country status by 2021", the United World's Bangladesh Report, 2015, published and distributed on Thursday with the leading newspaper of United State 'USA TODAY', said.

London-based United World is an independent international media communications agency having exclusive agreement with USA TODAY and the Worldfolio, a London-based renowned content provider for distributing development and economic reports globally.

The report on Bangladesh highlighted not only the exiting economic development and opportunities for business and investments in Bangladesh, but the accomplishments this nation is making towards becoming a middle-income country by 2021.

"Internationally Bangladesh has emerged onto the world stage with key contributions to the international community's efforts for peace, stability and development', the report said.

It focused on the country's geostrategic importance, historical achievement in the fields of economy and human development, and highlighted especially on the significant success of the present government under the leadership of Prime Minister Sheikh Hasina in fostering economic growth, strengthening regional and international relations and empowering women with creating more jobs.

The report said Bangladesh maintained a constant 6-plus percent GDP growth in the past 10 years amidst "an enviable situation in a time of global uncertainty". It attributed the economic progress to the government's strategy of focusing on structural reforms, increased revenue and regional competitiveness, which also led the country to 'Next 11' status.

In the field of external affairs, the report saw tremendous success of the present government. For instance, it referred to the strengthened relationships with some big economies including United States, China, India and Japan.

"Strengthening of ties with India indicative of successful approach to foreign relations," it said while observing that the stronger cooperation between the two neighbouring countries would offer bright future for connectivity and trade.

The current relation of US with Bangladesh is "broader, deeper, and stronger than ever," said the report, and noted that US-Bangladesh relationship evolves from one of aid to that of strategic partnership.

Similarly, the report said cooperation of Bangladesh with China reached all time high as the two nations mark 40th anniversary of diplomatic relations this year.

Citing that Japan to provide Bangladesh with $6 billion over the next five years as part of the industrial growth initiative, the report said Prime Minister Shinzo Abe praised Bangladesh for its spectacular success in economic and social sectors and lauded Prime Minister Sheikh Hasina's dynamic and visionary leadership.


Editor : Iqbal Sobhan Chowdhury
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