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

2. Bangladesh - an independent country in 1971
Population 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’

3. 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)

4. 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

5. 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

6. 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)