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The economy of Bangladesh is a major developing market economy. As the second-largest economy in South Asia, Bangladesh's economy is the 33rd largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022, Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is one of the fastest growing economies in the world.
The foreign relations of Bangladesh are Bangladesh's relationships with foreign countries. The Government of Bangladesh's policies pursue a moderate foreign policy that heavily relies on multilateral diplomacy, especially at the United Nations (UN) and the World Trade Organization (WTO). Since its independence in 1971, Bangladesh has stressed its principle of "Friendship towards all, malice towards none" in dictating its diplomacy. As a member of the Non-Aligned Movement, Bangladesh has tended to not take sides with major powers. Since the end of the Cold War, Bangladesh has pursued better relations with its neighbours and other nearby states.
The Ministry of Finance is a ministry or other government agency in charge of government finance, physical policy and financial regulation. It is headed by a Finance Minister, an executive or cabinet position. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan.
The Ministry of Foreign Affairs is an executive department of the Government of Japan, and is responsible for the country's foreign policy and international relations.
RITES Ltd, formerly known as Rail India Technical and Economic Service Limited, is a Navaratna central public sector undertaking under India's Ministry of Railways. It was incorporated on April 26, 1974, and is a multidisciplinary engineering and consultancy organization providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.
The Japan Bank for International Cooperation, JBIC, is a Japanese public financial institution and export credit agency that was created on October 1, 1999, through the merger of the Japan Export-Import Bank (JEXIM) and the Overseas Economic Cooperation Fund (OECF).
The National Reserve Bank of Tonga is the central bank of Tonga. The Reserve Bank is responsible for regulating the issue and supply of domestic and international currency, as well as promoting monetary stability and economic development. It also advises the Ministry of Finance on banking and monetary matters, acts as the principal banker and fiscal agent of the Government of Tonga, and is responsible for the licensing and supervision of financial institutions. The current Governor is Ngongo Kioa.
In Bangladesh, the principal taxes are Customs duties, Value-Added-Tax (VAT), supplementary duty, income tax and corporation tax.
Bangladesh Planning Commission is the economic public policy institution of the Government of Bangladesh. The Planning Commission undertakes research studies and policy development initiatives for the growth of national economy and the expansion of the public infrastructure of the country, under the Ministry of Planning and alongside the Ministry of Finance.
The Ministry of Finance is a ministry of Bangladesh. The ministry is responsible for state finance, including the state budget, taxation and economic policy in Bangladesh. It is led by the Finance Minister of Bangladesh. The department must report to the Parliament of Bangladesh. It contains four divisions:
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. It is the world's second largest multi-lateral development institution. Headquartered in Beijing, China, the bank currently has 109 members, including 14 prospective members from around the world. The breakdown of the 109 members by continents are as follows: 42 in Asia, 26 in Europe, 22 in Africa, 9 in Oceania, 8 in South America, and 2 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock.
The Infrastructure Investment Facilitation Company (IIFC) (Bengali: অবকাঠামো বিনিয়োগ সুবিধা সংস্থা) is a Bangladesh government company that acts as an advisory body under the Economic Relations Division of the Ministry of Finance. Md. Shahriar Kader Siddiky is the chairperson and Md. Shahabuddin Patwary is the managing director of the company.
Bangladesh Development Forum is a biannual, was annual till 2005, conference in Bangladesh between the government and donor agencies. This is an invite only meeting let by the Finance Minister of Bangladesh.
Abdur Rouf Talukder is a senior Bangladeshi government official who has served as the governor of Bangladesh Bank since July 2022. Prior to becoming governor he served as the Senior Secretary of the Ministry of Finance. He previously served as a director of Biman Bangladesh Airlines.
M Syeduzzaman is a former finance secretary and member of the Central Committee of Bangladesh Krishak Sramik Awami League. He is the chairperson of Credit Rating Agency of Bangladesh Limited. He is a member of the Trustee Board of the Centre for Policy Dialogue.
Shamima Nargis is a retired government Senior Secretary and Chairperson of Bangladesh Development Bank. She is a former member of the Planning Commission.
Fatima Yasmin is a Bangladeshi bureaucrat and vice-president of the Asian Development Bank (ADB). She served as senior secretary of the Finance Division. She is the first female Secretary of finance division in the history of Bangladesh. Before, promoted to senior secretary to the Finance division she has served as secretary at Economic Relations Division since Feb 23, 2020. Prior to this position, she was Vice-Chairman, Export Promotion Bureau (EPB), Ministry of Commerce and Director General, Institute of Public Finance (IPF), Ministry of Finance.
Sharifa Khan is a Bangladeshi retired civil bureaucrat and the second female secretary at Economic Relations Division, Ministry of finance Bangladesh from 17 July 2022 to 23 November 2024. Prior to the current position, she was a member of the Agriculture, Water Resources and Rural Institute Division of the Bangladesh Planning Commission.
Nazmi bin Mohamad is the current Minister of Culture, Youth and Sports since 2022.
Md. Abdullah Al Masud Chowdhury secretary of the Security Services Division of the Ministry of Home Affairs for Bangladesh. He was the additional secretary of the Security and Immigration Wing.
References
- ↑ "AFI members". AFI Global. 2011-10-10. Archived from the original on 2012-02-20. Retrieved 2012-02-17.
- ↑ "Japan to provide $1.31b loan for Matarbari coal power plant". The Daily Star. 30 June 2019. Retrieved 4 August 2019.
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