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Finance minister: Bangladesh to be among top 20 contributors to global GDP growth

  • Published at 10:21 pm May 9th, 2019
Planning Minister AHM Mustafa Kamal
File photo of Finance Minister AHM Mustafa Kamal Mahmood Hossain Opu/Dhaka Tribune

The finance minister made the remark when World Bank acting country director in Bangladesh and Bhutan Dandan Chen met him at his office

Finance Minister AHM Mustafa Kamal on Thursday said Bangladesh will enter the list of top 20 contributors to the world GDP growth in the next five years.

"Bangladesh will be among the countries that have significant contributions to the world economic growth by 2024," he said.

The finance minister made the remark when World Bank acting country director in Bangladesh and Bhutan Dandan Chen met him at his office, according to press release quoted by UNB.

Mustafa Kamal said Bangladesh will have a place in the list of 20 countries that will make top-level contributions to the world GDP growth in 2024. “The contribution of the Bangladesh economy will be 0.9% at that time, while Canada will have the same contribution,” he said citing a recent analysis made by US-based Bloomberg.

The minister said Bloomberg made the projection based on the recent global economic projection by International Monetary Fund (IMF).

In the next five years, China will have the highest 28% contribution to global GDP growth, followed by India with 13.7%, and USA with 10.5%, said the finance minister.

"Our goal is to turn Bangladesh into a developed country by 2041. We can expect that we will be able to attain our target before the timeframe, considering the pace of our progress. Bangladesh will soon be included in the list of G-20 countries," he said.

Dandan Chen praised Bangladesh for its economic progress, and expressed support for the forcibly-displaced Rohingyas, measures taken for financial sector reforms, and women's empowerment and generating employments.

She also expressed hope that the World Bank's relationship with Bangladesh would be strengthened further in the days to come.