Bangladesh economy is in good shape: Kamal

News Desk
6 January 2021, Wed
Published: 10:05

Bangladesh economy is in good shape: Kamal

Finance Minister AHM Mustafa Kamal said that the economy of Bangladesh is in good shape as it is getting more dynamic and stronger day by day.

AHM Mustafa Kamal talking to reporters virtually after the day's meetings of the Cabinet Committee on Economic Affairs and the Cabinet Committee on Government Purchase (CCGP) on Wednesday.

Finance Minister said that we are immuned, our debt to GDP ratio is less and we never fail in debt servicing. 

Our fiscal and monetary policy is aligned to the national budget and the five-year plan. There is no distortion or mismatch, so I think we're in good shape. We're aware fully about the demands of our people and thus we're working for their satisfaction, he said.

Over Taka 40,000 crore remittance came to Bangladesh over the last six months and at the year-end, this amount would reach around Taka 70,000 to Taka 80,000 crore, he said.

Since remittances are now coming through official channel, a great dynamism has been infused in the economy which has also some multiplier impact. He said the country's economy is getting more dynamic and stronger and I think we've become successful in most of the cases.

On the other hand, he said the economy of a country is dependent on many parameters, but there have been some changes in thoughts considering the present pandemic situation and thus the current budget will be recast which is also very much rational.