Md. Mahadee Hassan

Economic Minister,The Embassy of Bangladesh in Washington, DC

Bangladesh Vision 2041, a national strategic plan to accelerate the country's socio-economic growth, cites stronger and better-quality infrastructure as a core need, seeing opportunities for significant investment in areas like ports, roads and transportation, where Bangladesh lags other similar-stage Asian economies.

To fuel the country's rapid economic growth, Bangladesh is transforming its infrastructure through mega projects spanning new ports, rail links and bridges. The Asian Development Bank notes that increasing capital flows is critical to improving the competitiveness of domestic industries and overall economic efficiency – and Bangladesh is doing just that.

The government is addressing the need for quality infrastructure, in particular transport infrastructure, with sustained investments and public-private partnerships that will help fill funding needs of around $10 billion a year. Key projects will boost trade, industry, transport and energy capacity, fueling Bangladesh's rise to high-income status.

01.30 - 02.30 PM

Sunday 25th Sept

Development Dynamics of Remittances in Bangladesh

Remittance inflows in the economy of Bangladesh are getting larger every passing year, matching with the increasing external
demand for its manpower. The ensuing development impacts of remittances, as a means of transfer of wealth, on socioeconomic
factors are increasingly viewed with importance. Remittances have helped improve the social and economic indicators like
nutrition, living condition and housing, education, health care, poverty reduction, social security, and investment activities of
the recipient households. The relative weight of remittances has also increased against most of the macroeconomic variables
alongside the contribution to GDP. Moreover, Bangladesh has been able to avoid any serious imbalances in BOP’s current
account, although it has persistent merchandize trade deficits. Not only that, but the export also tradable sector has thus far remained
unaffected from the Dutch Disease effects of remittances