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Success of current government

Article - May 23, 2013
Bangladesh has had a Ba3 (stable) rating from Moody's since 2010. Due to its strategic location, Bangladesh can be the Singapore of South Asia. The poverty rate in Bangladesh is decreasing. In fact absolute poverty decreased 8,9 % in just 5 years, from 40.4% in 2005 to in 31.5% in 2010. The Government is going ahead with a powerful plan to combat poverty with an amount of Tk 43.680 crore

Bangladesh is Located in the north-eastern part of South Asia. The majestic Himalayas stand some distance to the north, while in the south lays the Bay of Bengal. There is West Bengal border on the west and in the east lie the hilly and forested regions of Tripura, Mizoram (India) and Myanmar. These picturesque geographical boundaries frame a low lying plain of about 1,47,570 square kilometer criss-crossed by innumerable rivers and streams. Mighty rivers are the Padma (Ganges), the Brahmaputra (Jamuna) & the Meghna and the Karnafuli.

Bangladesh offers many tourist attractions, including archaeological sites, historical mosques and monuments, longest natural beach in the world, picturesque landscape, hill forests and wildlife, rolling tea gardens and tribes. Tourists find the rich flora and fauna and colorful tribal life very enchanting. Each part of the country offers distinctly different topography, flavors and food. It is home to the Royal Bengal Tigers, freshwater pink dolphins, historical temples made of red earth.

Some of the better known tourist attractions are: Srimangal, where miles of tea gardens are located, Mainamati, Mahasthangarh, Paharpur for archaeology, Rangamati, Kaptai and Cox's Bazar for sight seeing, and the Sundarbans for wild life and the greatest Mangrove forest of the world, and Foy's Lake for scenic beauty.

  • In Bangladesh, on the basis of Head Count Ratio, absolute poverty stood at 40.4 percent in 2005 which moved down to 31.5 percent in 2010 according to the Household Expenditure Survey (HEIS) 2010. 
    • Steady 6.5% GDP growth over the last four years 
    • Budget size: doubled in 1st two years of government
    • Poverty rate: from 40% to below 30% in three years of administration
    • Food production: increased by 30% compared to BNP Government
  • Purchasing power parity: increased by 54% compared to BNP Government
  • Per capita income: 240 USD higher than Caretaker Government
  • To achieve the planned targets of poverty reduction, the Government has allocated an amount of Tk. 73,680 crore (about 56.67 percent of the total budget) in FY 2010-11against programmme directly or indirectly linked to poverty alleviation. 
  • Bangladesh achieves Ba3 (Moody's) stable rating for 4th consecutive years (2010-13) and BB-(S&P) sovereign rating with stable outlook for three consecutive years (2010-12).

Bangladesh can be a Singapore of South Asia due to her strategic geographical location having seaports, large waterways and land communication facilities to serve many countries of South Asia.

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