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Acclamation on Bangladesh

Acclamation on Bangladesh 2017-05-07T07:03:34+00:00

Acclamation on Bangladesh

Bangladesh has proven its strength and emerged as a phoenix from the ashes from a country which was branded otherwise. Now the global agencies are attesting the accolades of astounding development of Bangladesh.

The following global agencies has commented about the positive investment climate, growth prospects and potentials of Bangladesh.

Citi Investment Research & Analysis termed Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, Philippines, Sri Lanka and Vietnam have the most promising (per capita) growth prospects;

Goldman Sachs branded as Bangladesh is in ‘Next 11’ list after the BRIC nations;

The International Monetary Fund (IMF) commented on the economy of Bangladesh has resilient export and remittance flows which have bolstered growth and external stability;

The Wall Street Journal (WSJ) dismissed the previous branding of Bangladesh saying, ‘Basket Case’ no more – with a higher growth rate, a lower birth rate, and a more internationally competitive economy;

JPMorganChase commented Bangladesh the country ranks fourth in growth in economically active population;

Morgan Stanley has commented Bangladesh is at the very early stages of an investment boom…

New York Times has termed Bangladesh as “an unlikely corner of Asia, strong promise of growth”…;

An HSBC report (2012), titled ‘The World in 2050’, listed Bangladesh as one of the top 7 countries expected to deliver the fastest growth en route to 2050;

“World Economic Situation and Prospects 2013” of United Nations termed Bangladesh as “…strong growth performances continued… ”;

The Global Competitive Report 2013” of World Economic Forum (WEF) reported that Bangladesh has elevated to 8 stages point this year;

McKinsey & Co. in its latest survey Viewed “Bangladesh is still No. 1,”as the global sourcing hub for RMG;

The Deutsche Bank AG, Germany commented Bangladesh having robust economic growth pattern, Comfortable buffer against external shocks, favorable external liquidity profile;

The World Bank has on July 1, 2015, categorized Bangladesh as a Low Middle Income Country (LMIC), up from Low Income Country (LIC);

PWC (PricewaterhouseCoopers) has predicted that Bangladesh will become the 23rd largest economy in terms of GDP by 2050;

Coface (Compagnie Française d’Assurance pour le Commerce Extérieur) Enlisted Bangladesh among the next 10 emerging countries;

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