Braving global headwinds, Bangladesh's per capita income rose to $2,824 in the fiscal year 2021-2022. In a year, the average annual income rose by $233 from $2,591 in the previous fiscal, according to the annual report on the activities of the ministries and divisions in FY2021-2022. According to the report, the country's growth rate of gross domestic product (GDP) was 7.25% in the last fiscal. Meanwhile, the expatriates sent $21.03 billion to the country with 9,84,759 Bangladeshis recruited in offshore jobs. Such milestones stand as a shining testament to a raft of prudent policies, devised and put in place by Honourable Prime Minister (HPM) Sheikh Hasina, that helped the youngest nation in South Asia get over the covid crisis.
World Bank's South Asian Region Vice-President Martin Raiser said Bangladesh has surprised the whole world through its tremendous development, describing the country as "a successful case of development". "Bangladesh is a successful case of development and attained a very impressive achievement. Bangladesh is becoming one of the countries that surprise with its development," he added. He made the remarks while paying a courtesy call on HPM Sheikh Hasina at her office in Dhaka this week. During the talks, HPM Sheikh Hasina said Bangladesh wants to maintain an open and transparent relationship with the World Bank.
Users of a mobile financial service (MFS) provider can now transfer money to their counterparts registered with other operators and banks as interoperability among the financial service providers comes into a reality as Sajeeb Wazed, advisor to Information Communication and Technology (ICT), launched the platform this week. Until the launching, if one were registered with bKash, an MFS operator, one could not send money to someone who has an account with Rocket or any of the dozens MFS providers in Bangladesh. Their scope to send money to bank accounts had been even more limited. But these bars have been eliminated thanks to the introduction of Binimoy, an interoperable digital transaction platform (IDTP), operated by the Bangladesh Bank.
HPM Sheikh Hasina called upon the foreign businessmen and entrepreneurs to choose Bangladesh for investment and sourcing as the country has turned into the best favourable destination for it. "I urge the foreign businessmen to choose Bangladesh for investment and sourcing to avail the win-win situation and convenience of business as Bangladesh is the best place for it," she said. She made this call while addressing the opening ceremony of the first ever "Made in Bangladesh Week-2022" in city's Bangabandhu International Conference Center (BICC) as the chief guest. She added the policy of Bangladesh is investment-friendly and the duty-free quota-free (DFQF) access of Bangladeshi products to different foreign markets attracts world investors.
The Bangladesh Bank (BB) has announced a refinance scheme of Tk5,000 crore for farmers to ensure food security amid the global crisis. Under this scheme, farmers will get loans for cultivating paddy, fish and vegetables at an interest rate of 4% only, according to a central bank notice issued this week. Besides, banks will be able to borrow from the central bank at an interest of only 0.5% to provide farmers with loans under this scheme. Farmers can avail the loans till 30 June 2024, which can be extended if necessary, the notice added. The notice further stated that a global food crisis has occurred due to disruptions in the international supply chain.
The government has imparted training to 6.7 million youths on various income generation trades since 2009 to make them skilled and self-employed. "Youth Development Department imparts training on a total of 83 trades across the country and 2.3 million trained youths out of 6.7 million have engaged themselves in self-employment”. The youth and sports ministry has been imparting training to 3,50,000 youths every year aimed to engaging them income generating activities across the country. As part of HPM Sheikh Hasina’s vision, the government has so far initiated around 70 youth training centres across the country to impart training on 83 trades. Apart from the designated training centres, district youth office and upazila youth office are also engaged to train youths to make them skilled and self-employed.
Bangladesh will be among the first recipients of funding from a G7 "Global Shield" initiative to provide funding to countries suffering climate disasters, the programme announced at the COP27 summit in Egypt. The Vulnerable Twenty (V20) Group of Finance Ministers of the Climate Vulnerable Forum (CVF) that includes 58 climate vulnerable economies, and the Group of Seven (G7) officially launched the Global Shield against Climate Risks initiative. The Global Shield will start its implementation immediately after COP27. Initial contributions include around €170 million from Germany and more than €40 million from other countries.

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