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Economy returns on positive track: CA
Chief Adviser Professor Muhammad Yunus today said all economic indicators, including exports, foreign investment and reserves, have returned to a positive trajectory after the July Uprising.
"After assuming the office following the uprising, rescuing the economy from a deep crisis was one of our greatest challenges. Over the past 15 months, we have successfully overcome that challenge," he said in a televised address to the nation this afternoon.
The plundered banking sector has already recovered, and public confidence has been restored, the Chief Adviser said, adding, several initiatives were now underway to further strengthen the banking sector.
Highlighting the increase of foreign direct investment (FDI), Professor Yunus said while many countries experience a decline in foreign investment in the post-uprising period, Bangladesh saw a 19.13 percent rise in FDI in the first year following the mass uprising.
This has set a unique economic example against the global trend, he added.
The government is set to sign a 30-year concession agreement with APM Terminals BV, a subsidiary of the Denmark-based Maersk Group, next week for the Laldia Container Terminal project, Professor Yunus, reports BSS.
Under this agreement, the European company will invest US$550 million, marking the largest-ever single European investment in Bangladesh to date, he added.
"(Once completed), the Laldia will be the country's first world-class green port," the Chief Adviser said.