Country Intervention- Bangladesh International Symposium on Financing for Development 22-23 November 2018, Istanbul

Bangladesh - an independent country in 1971 Population - 165 mln (approx.) Land area – 147+ sq km (about one-fifth of Turkey) Today it is: The 43rd largest economy in the world in nominal GDP terms 32nd in PPP terms One of the lead performing countries on the MDGs Poverty rates fallen to 21.7 % in 2015 from 31.5 percent in 2010 Included in the list of top 10 fastest growing economies JP Morgan’s ‘Emerging Five’

In March 2018, Bangladesh declared eligible for graduation from LDC status by the UN Committee for Development Policy (CDP) Met all three criteria for graduation: Per capita Gross National Income (GNI) Human Assets Index (HAI) Economic Vulnerability Index (EVI)

Renewed emphasis by government on: Role of public-private partnerships Increasing remittances Increasing FDI (from 1% to 3% of GDP) Increasing revenue mobilisation through reform and modernisation of tax policy and tax administration Increasing public private savings

Fiscal incentives and macroeconomic stability for 3 main sectors Agriculture, manufacturing and services sector Thrust on STI Women’s Empowerment Partnership with NGOs Climate change induced vulnerabilities Difficulty in accessing international climate funds Domestically formulated Bangladesh Climate Change Strategy and Action Plan Bangladesh Climate Change Trust Fund Climate Change Trust Act US$ 400 million allocated – 207 projects at government level/ 63 projects by NGOs

Migration and global diaspora resources Green Banking Priority to enterprises and industries trying to ‘grow green’ 67 RMG factories having LEED certification (Leadership in Energy and Environmental Design)