Bangladesh is the fastest-growing economy in the Asia-Pacific region, according to the Asian Development Bank. The institution ranked Bangladesh higher than China, Vietnam and India in terms of fastest growing economy. Bangladesh's improvement in the socio-economic indicators had been exceptional in the past ten years though COVID-19 had an negative impact. Economic and socio-economic improvements are being felt by most of the population. Cities and towns have better infrastructure than before. Villages are becoming more equipped with amenities and modern facilities. Private sector developed and became efficient. Government agencies operate faster than ever before. Reasons of this transformation are a robust manufacturing sector and an enormous boom in infrastructure. The Awami League government fulfilled electricity demands, continued infrastructural development and ensured food self-sufficiency in the last ten years. And all these were possible because of one factor - strong leadership of the Prime Minister Sheikh Hasina. Salman Fazlur Rahman, the prime minister’s adviser for private industry and investment, highlighted the effect of Sheikh Hasina at the World Economic Forum held in India few years ago. In his speech, Salman F Rahman said Bangladesh’s progress this far has been phenomenon before stating that Sheikh Hasina’s government faced enormous political risks in introducing and implementing the right policies. But Sheikh Hasina did not backdown from her determination and took decisions which are beneficial for the country. The PM prepared policies and implemented those. The decisions were instrumental. The results are very much visible now. The full speech of Salman F Rahman at World Economic Forum In the speech, Salman F Rahman, mentioned that after becoming the Prime Minister, Sheikh Hasina opened gates for the public sector. Traditionally reserved sectors for the public sector were opened for the private sector. Private sector started investing in higher education, health, television and banking. She ordered state officials to work on opening more economic zones. Those policies transformed Bangladesh as the next Asian tiger. In the past, Bangladesh was known for natural calamities, famine and wrenching poverty. The Sheikh Hasina factor changed the country's image to the fastest growing economy, to a stable land, to an attractive destination for foreign investment, to a nation that can deal with natural calamities of its own. Things have changed now. it is likely that Bangladesh is become a power house within next 10 years. About Sheikh Hasina The daughter of Sheikh Mujibur Rahman, the principal orchestrator of Bangladesh’s independence, Sheikh Hasina is the current prime minister of the country. About Salman F Rahman The most prominent business personality of Bangladesh, Salman F Rahman, is currently the adviser for private industry and investment of the prime minister. He is also the parliamentarian from Dhaka-1 constituency.
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