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Pahela Baishakh, the first day of the Bangla calendar, is the busiest day for sweet makers in Bangladesh as customers throng outlets to buy delicious items.
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The World Bank has more than doubled its gross domestic product (GDP) growth prediction for Bangladesh for the current fiscal year as the economy shows signs of recovery.
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The state coffer was empty after Bangladesh’s nine-month-long Liberation War. Poverty, hunger, natural disasters, famine, crumbling infrastructure, political turmoil, and coups in the first decade of Bangladesh’sinception did not paint a picture that would radiate hope.
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Bangladesh needs to improve infrastructure and standard of education, equip the youth population with market-oriented skills and uproot corruption to become a high-income country, experts say.
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Bangladesh has a golden opportunity to strengthen its economic ties with neighbouring countries and forge greater integration with regional and sub-regional blocs to boost exports and accelerate economic growth, according to a top banker.
