The Bangladesh economy is on the rise.
Our country has received the highest amount in foreign aid it has ever gotten since the nation’s independence 45 years ago.
According to new data released by the Economic Relations Division, the nation saw an increase in foreign aid of up to 13% from the last fiscal year, which now stands at $3,449.97 million -- well surpassing the government’s target of receiving $3,415m.
It is hardly any surprise, of course. Bangladesh has displayed a tremendous track record of staying resilient even in the face of the greatest of economic blights.
The fact that we are considered an excellent destination for foreign investment, even during times of great national crisis, is testament to Bangladesh’s exceptional economic growth trajectory.
In the last fiscal year, Bangladesh made a repayment of $1,044.44m, including $842.01m in principal amount and $202.44m as interest. Whereas in the previous fiscal year, it was $1097.19m, including $187.73m as principal amount and $187.73m in interest.
A lot of this positive outcome can be attributed to the relatively stable political situation that the country has enjoyed as of late -- allowing development partners to disburse funds and scale up implementation of foreign-funded projects along the way.
The numbers make it clear: In spite of the many domestic challenges this country has faced, Bangladesh is doing the best it ever has. Any hurdles in the way of our economic rise have nothing to do with the economy at all, but ever-present issues such as safety, security, poor infrastructure, bureaucracy, and corruption.
