Bangladesh is one of the fastest growing economies in the world, with over 7% growth in 2015-16. Garment exports and remittances from the ten million Bangladeshis working overseas are the key drivers of the nation's economy. China, India and Russia are all increasing their investment into the country and in 2015, for the first time, foreign direct investment into Bangladesh surpassed $2 billion, a 44% increase on the year before.
How will the Bangladesh economy achieve its predicted growth rate of over 8%? Can both India and China support development in Bangladesh? What are the future prospects for the economy and the country?
Abul Maal A Muhith was appointed Bangladesh Minister of Finance in January 2009. Prior to his appointment, he held positions at the Ford Foundation, the International Fund for Agricultural and Development, the World Bank, and the United Nations. After joining the Pakistan Civil Service in 1956, he served in different capacities in the government of East Pakistan, the government of Pakistan and then the government of Bangladesh. He previously served as the Finance and Planning Minister of Bangladesh from March 1982 to December 1983.
The event was chaired by Rahul Roy-Chaudhury, IISS Senior Fellow for South Asia.