Bangladesh will be a 500 billion dollar economy next FY: Finance Minister

Finance Minister AHM Mustafa Kamal said, “It has taken 19 years for our economy to grow to 100 billion. The size of our economy now stands at 411 billion and per capita income has risen to 2,554. In the next financial year, the size of our economy will be 500 billion dollars.

He said this while addressing a function on the occasion of Bangladesh's transition to developing countries on Sunday (January 2). The event was organized by the Department of Economic Relations at the Bangabandhu International Conference Center in the capital. Prime Minister Sheikh Hasina was also present on the occasion as the chief guest.

At present, the foreign exchange reserves are around 45 to 46 billion, said the finance minister. I believe that inshallah we will be able to increase the reserves to 50 billion by the end of this year. The rate of education has increased in the country, poverty has decreased. The size of our annual development program has increased. The state of the world economy is not good in covid, yet Bangladesh is doing well. We will transform it into a hunger-free high-income country by 2030.