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Bangladesh's economy is growing faster than those of its neighbours. Image: Asian Development Bank Bangladesh has been classed by the United Nations as one of the world’s least developed countries (LDCs) since 1975, but its current trajectory means it is likely to shed that description by 2024 .
By 2021, it’s expected that this will increase to $5 billion. Indeed, the growing strength of the ICT Industry underpins the four vital pillars that will support Bangladesh’s transformation to a digital economy by 2021, and a knowledge economy by 2041.
Last year, HSBC predicted that Bangladesh would be the 26th-largest economy in the world, by 2030. Two things are key: one is our open society, religious harmony, liberal values and secular culture. The other is that two-third of our homogenous population is young – mostly under 25. They are quickly skill-able, adaptive to technologies, and ...
The government should focus on turning unemployed young people into tech-savvy workers and engage them in IT-based freelancing. In this way, the government of Bangladesh can attain its goal of translating the vision of Digital Bangladesh into a reality by focusing on human capital development for the global digital economy.
Grameen Trust bet on mobile phones in Bangladesh in the mid-90s, transforming the rural economy by creating Grameen Phone, Bangladesh’s most popular mobile phone company. Both Grameen and BRAC have microfinance entities that have scaled the most in the country, bringing financial services to almost 15 million clients at one of the lowest ...
During the past 10 years, Bangladesh has grown its economy into the 35th largest in the world, cut its poverty rate in half and put millions of its citizens to work. In the decade before the COVID-19 pandemic, the economy grew at a blistering 7% annually and per capita gross domestic product (GDP) rose to about $2,500, surpassing even ...
Nobody disputes the economic credentials of Sheikh Hasina’s government - the Asian Development Bank (ADB) is the latest member of a growing list of international institutions attesting to Bangladesh’s economic success. The ADB ranked Bangladesh as the fastest-growing economy in the Asia-Pacific region, eclipsing China, Vietnam and India. At ...
Bangladesh has experienced tremendous growth in the last decade under the leadership of our Prime Minister Sheikh Hasina and her ICT Adviser Sajeeb Wazed. Today, we experience nearly 8% GDP growth, as one of the fastest growing economies in the world. Bangladesh was ranked 34th in the WEF's Inclusive Development Index, 2018. By 2030, Bangladesh ...
The economic importance of the more than 10 million migrants from Bangladesh who sent close to $18 billion in 2019 cannot be overstated. International remittances normally represent around 7% of Bangladesh’s GDP. But the COVID-19 pandemic is having an acute effect on Bangladeshi migrants abroad, who are largely concentrated in countries with ...
Bangladesh already has a hot climate, with summer temperatures that can hit 45°C. Heat waves will break new records in a 4°C hotter world, with 7 out of 10 summers being abnormally hot. Northern Bangladesh will shift to a new climatic regime, with temperatures above any levels seen in the past 100 years and monthly deviations five to six ...