3 July


LMIC status to raise BD image, say economists

Bangladesh’s graduation to a lower middle income country (LMIC)  from a status of lower-income country by World Bank would enhance the nation’s image, vibrate its trade and business and boost up confidence of development partners, economists have observed.

Abdul Matlub Ahmad, President of the Federation of Chamber of Commerce and industry (FBCCI), said, “At present many developed countries are struggling to retain their respective development and economic status because of the global recession. Many have already lost their position because of trade deficit and other internal problems. Against this backdrop, WB’s declaration for upgrading Bangladesh’s  economic status is a great pride for the entire nation.” – See more