Rising exports to help Bangladesh achieve 7.2% GDP growth: Kamal

Finance Minister AHM Mustafa Kamal believes the recent rise in exports will help Bangladesh achieve 7.2 per cent growth in gross domestic product in the current fiscal year.

The World Bank and the International Monetary Fund normally take a conservative approach at the time of making an economic forecast, he said.

"It is a good news that the IMF has raised GDP growth projection for Bangladesh and I believe Bangladesh will be successful in achieving 7.2 per cent GDP growth that we have predicted in June's budget."

The minister spoke in a virtual press briefing after a meeting of the cabinet committee on public purchase that was held through zoom platform today.

Every sector of the economy is growing, Kamal said. "Exports have increased 31 per cent in November. Remittance might have slowed a bit, but it will cross $25 billion in the current year if two Eid festivals are taken into consideration."

When journalists wanted to know about the effectiveness of global roadshows organised by the Bangladesh Securities and Exchange Commission, the minister said: "Roadshows are organised to inform the world about the recent success and capability of Bangladesh."

"I believe roadshows are effective. The impression the world had about Bangladesh would not be there again."

The world thinks the success Bangladesh has achieved in recent times is a miracle, he said. "I don't think it's a miracle. This is reality."