• Wednesday, Nov 13, 2019
  • Last Update : 10:36 am

Finance minister: Double digit GDP growth within 5yrs

  • Published at 01:28 pm September 29th, 2019
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Mustafa Kamal says Bangladesh will be hunger and poverty free within 2030

Finance Minister AHM Mustafa Kamal has said Bangladesh will achiever double digit growth within the next five years.

“We firmly believe that we will achieve double digit growth within the next five years,” he said at an international conference on Harnessing Blockchain Technology for Development (Unleashing the potential of Bangladesh for Blockchain Applications) at BICC in Dhaka on Sunday.

Adding to that, the minister said Bangladesh will be a hunger and poverty free country within 2030.

The Bangladesh Resident Mission of the Asian Development Bank (ADB) organized the two-day program to further promote growth, inclusion, service delivery and smart governance.

In the inaugural session, Kamal said Bangladesh has the best GDP growth among South Asian countries. “GDP growth will increase by 1% each year after completion of the Padma Bridge,” he said.

File photo of Finance Minister AHM Mustafa Kamal | Mahmud Hossain Opu/Dhaka Tribune

The finance minister urged international investors to invest more in Bangladesh. “You can use Bangladesh as a safe place for investment. The production cost is lower than in other countries. Besides, there is a location advantage too,” the minister said.

Manmohan Parkash, country director of ADB, said Bangladesh has made rapid progress in the last 10 years. Bangladesh is today seen as a model for both social and economic development.

“We, therefore, thought that it is timely to bring experts from around the world to talk about technology and its applications so that we become aware of its potential and unleash it for Bangladesh development,” he said.

Dr Tawfiq-e-Elahi Chowdhury, power, energy and mineral resources affairs advisor to prime minister, Farida Nasreen, secretary (acting) of Economic Relations Division of Finance Ministry, among others also spoke at the program.