The economy of Bangladesh has made a strong recovery, according to Chief Adviser's Press Secretary Shafiqul Alam.
During a briefing organized by the Chief Adviser’s Press Wing at the Foreign Service Academy in Dhaka on Sunday, Shafiqul said those present at a meeting with the Chief Adviser observed that the country’s economy had rebounded significantly.
He added that economic indicators clearly reflect this recovery.
Earlier in the morning, a meeting titled "Bangladesh’s Economy: Recent Challenges and Future Measures" was held at the Chief Adviser’s Office. At the briefing, the press secretary shared details of the discussion.
Citing the finance adviser, Shafiqul Alam said: "Macroeconomic stability has returned to Bangladesh. This means we can say that we have reached a stable position macroeconomically.”
He added: “Our reserves now stand at $20 billion, which can cover three and a half months of import expenses. The reserve situation will improve further."
The press secretary said: "Exports have grown by about 10% over the past five months, and imports have also increased. New employment opportunities are being created.”
He added: “Inflation once rose to 12%, but on a point-to-point basis, it has now dropped to 9%. Interest rates were raised as a globally recognized method to curb inflation.
“We have seen that this measure has been effective, leading to a decline in inflation. We firmly believe that by July, inflation will drop to around 7.5%. Regarding the food supply situation, we expect no inflationary pressure during Ramadan."