Doing well despite global challenges

Bangladesh has many positive stories that are worth highlighting as the country has been doing well in regards to economic and social development for the past several years, said Salman F Rahman, the prime minister’s private industry and investment adviser, at a seminar.

The Bangladesh Securities and Exchange Commission (BSEC) in association with Bloomberg LP organised the seminar, styled “Nation Branding: Attracting New Talent & Investment Worldwide”, at the Bangabandhu International Conference Centre in Dhaka on Monday.

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“In the last two to three months, the spiralling inflation and exchange rates have become major challenges all over the world, not just in Bangladesh,” said Rahman.“Before the Russia-Ukraine war began, Bangladesh had controlled inflation very well,” he added.Besides, the government was able to inaugurate Padma Bridge even though many people claimed it would not be possible.

 

In addition, the country is achieving high economic growth despite the lack of a deep-sea port.“However, the Matarbari deep-sea port will be a game changer once complete,” Rahman said while speaking as chief guest.

BSEC chairman Prof Shibli Rubayat Ul Islam said the supply chain disruption in food and energy has created a serious problem across the world but Bangladesh is still in a strong position.

“The country achieved its Millennium Development Goals tremendously but we will need cooperation from our foreign friends to achieve the Sustainable Development Goals,” he added.

Masud Bin Momen, senior secretary of the Ministry of Foreign Affairs, also spoke at the event while Andrew Boggs, regional strategy lead of Bloomberg, presented the keynote paper.

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