Sovereign credit rating
Bangladesh has recently got credit rating by two internationally reputed organisations. It has created positive feelings among the people who want to see Bangladesh as a promising economy and a middle income country within the next few years. Bangladesh has achieved this level for its performance in maintaining stable economic outlook for the last one decade. It maintains almost 6% GDP growth for around a decade. Its foreign reserve condition, restoration of democratic process, macro- economic indices were very much supportive in achieving this rating.
According to analysts and experts, this rating will help Bangladesh in attracting foreign direct investment and portfolio investment. It will also help investors and government in getting loans from foreign sources at a lower rate than earlier.
We hope sovereign credit rating will brighten our image abroad. It will also help Bangladesh in branding itself as an emerging economy. Now it is our duty to maintain this rating and try to improve this gradually. We should also identify our weaknesses and strengths which can help us in taking corrective measures for further improvement. Side by side, we should not be complacent about this achievement.
I would like to extend my compliments to those personalities and organisations who have contributed a lot to bring Bangladesh in the rating arena. I hope they will continue their efforts to up our country's position in sovereign rating order.
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