Bangladesh economy is in good shape: Kamal



Finance Minister AHM Mustafa Kamal on Wednesday reiterated that the economy of Bangladesh is in good shape as it is getting more dynamic and stronger day by day and there is no mismatch or distortion in the economy, reports BSS.

“We’re immuned, our debt to GDP ratio is less and we never fail in debt servicing. Our fiscal and monetary policy is aligned to the national budget and the five-year plan. There is no distortion or mismatch, so I think we’re in good shape. We’re aware fully about the demands of our people and thus we’re working for their satisfaction,” he said.

The finance minister was talking to reporters virtually after the day’s meetings of the Cabinet Committee on Economic Affairs and the Cabinet Committee on Government Purchase (CCGP).

Turning to the buoyancy in inward remittance flow, he said that over Taka 40,000 crore remittance came to Bangladesh over the last six months and at the year-end, this amount would reach around Taka 70,000 to Taka 80,000 crore.

“Since remittances are now coming through official channel, a great dynamism has been infused in the economy which has also some multiplier impact. The country’s economy is getting more dynamic and stronger and I think we’ve become successful in most of the cases,” he said.

Asked about the possible challenges of the economy in the current year, he said the economy of a country is dependent on many parameters, but there have been some changes in thoughts considering the present pandemic situation and thus the current budget will be recast which is also very much rational.

“The whole of the world knows very well the current situation and our goal is to harness and exploit the available resources to the satisfaction of the government and the country’s people and thus try to gain maximum which the government is doing nicely under the able leadership of Prime Minister Sheikh Hasina,” he said.

The finance minister said compared to other neighboring countries, Bangladesh is doing well and would continue to do well as the premier has been planning things in a pragmatic way so that it becomes conducive to the welfare of the people of the country.

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